Something bizarre is happening off the coast of Galveston, Texas. Were you to look toward the sea in the Texas port town, you’d be subject to a oceanic traffic jam of epic proportions. Ships carrying oil have gathered along the coast in the Gulf of Mexico in such great quantities that ships approaching the port have been asked to move toward the town slowly in an attempt to ease the burden.
This phenomenon is directly tied to the huge amounts of oil stored internationally and in floating container ships across the world. As oil prices fall, stockpiles of the resource are going through the roof, and governments and companies don’t have anywhere else to store it.
This could cause the price of oil to fall catastrophically further, as supply far exceeds demand for the time being.
To see the full report on this strange occurrence, continue reading on the next page:
hes still right i going to college to operate these ships, there way above there red line. ship can do that.
not sure but, these ships appear to be liquidfied petroluem transports rather than crude carriers.I heard the plant at sabine pass is about to or has already gone online. Hmm, I wonder??
These ships are empty. It’s likely the exact opposite, there is no point wasting money running oil for no profit, so they are sitting empty at anchor.
Date? Place? Empty?
these ship are empty sitting to high in the water to be full……..
I’m not much of a conspiracist – but I will ask you to err on the side of safety. Complacency is not your friend.
Great investigative journalism…you’ve discovered supply and demand….surely a Pulitzer prize is pending!
John Connor agreed but I work in the oil industry and we track these tankers on a daily basis. That’s why I know what’s going on.
gas should be 75 cents or all roads should be perfect
ISIS oil is stockpiling I see.