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:
Probably?
The economy is so bad that people aren’t consuming it. The mild weather also contributed to the lack of demand.
One more reason we have to band together and elect Donald Trump for President he will let us know what is really happening through our Media once he gets them in order. It seems all this time we always had more than we needed but they had lied to us about importing or having to import oil when we should be more concerned about changing to Hydrogen and make or health and environment heal up.
You saying, you can’t rent a plane and pilot for a couple hundred dollars and take the pic yourself…
With the price of steel so low the scrap value of ships that should be retired has plunged. Could these ships be old and the owners are gambling the scrap value might recover soon?
Idiot fear mongers, sowing their seed………. lol
They’re not tankers they’re bulk carriers. They don’t carry oil.
I think you better look up ‘oil tanker ship’ and take a look at the photos. Those ARE tankers.
I should have said….. the ones in the gulf are tankers. The photo is a stock photo used for the article. THEY are not tankers but the writer stated they could’t get an actual photo due to prohibited costs.
Diana Irene It goes back before 9 11 ,it is just more obvious now and more frequent.The people above the presidents are running this event and it is called N>W>O.
MAYBE TRUMP GOT THE BALL ROLLING ALREADY!
Even with the price of oil low they nake billions. Saudis are hurting ethonal and other sources but big oil will be fine.