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:
the way obama and company include ryan ,congress ,are you sure that they are full of oil ? and not u.n .or muslims just saying ,look how much obama and the loony left want to take guns ?
wasnt that jade something and all those wallmart stores in texas ?,and isnt texas where isis said was high on there list?,and how far from the border is it ? obama deactavated the air warnnig sysjust saying tem there too ? just saying
it’s jihad on infidel Texas from the Muslim in chief.
in 1978 I worked for the largest crude oil purchaser in the world.The government claimed we had an oil shortedge.Gas was being rationade. we had tankers siting in the gulf loaded,m we had piplines shut down because all inland storage was full. So then they changed it to a refinery shortage so we bought it. There hasn’t been a single gas refinery built since and probably half that were going in 1978 have been shut down so make your on conclusion
Good I hope oil prices continue to drop it’s time the US stops buying oil from other countries natural gas is the way to go send the towel heads into bank failure.
Richard, Marco clearly said unless ur apart of the establishment making money with oil.
Well thanks to the import ban they’re just off loading for refinement. Finished product has to be reloaded and sent out of country. Hmm what would the world do if when our export ban gets lifted we shut our refineries to other countries
Do you mean too much oil?
if this is true might as well start storing fuel !!!!! buy cheap sell high
Mike Collins this is what we were talking about the other day…