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:
It’s actually called a “glut”. Sellers can’t find buyers. Then they’ll wait offshore either til they can find a buyer or somewhere to store it. Prices are low and and anything that can hold oil (tanks, underground caverns, bath tubs it beer cans). Everything is full.
1972 looked like you could walk across the lower Habour from Staten Island to Brooklyn
Syrian oil compliments the Muslim Brotherhood and isis
It may be a real pic and yes they are seemingly empty. How many refugees can you haul on just one.?
It may be a real pic and yes they are seemingly empty. How many refugees can you haul on just one.?
Close,,He’s buying it from Turkey and Turkey is buying it from Isis
Turkey,too
What did Sid thrift have to say on the radio. I mean DD.
The rag heads are coming
Thanks for the head up