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:
I suppose it would be wise to plan for a water-bound attack in the area
cool….do I hear .50 cents a gallon…lol….oh this isn’t the 50s anymore…lmao
What’s the big deal?? When I was a kid in the 50’s and going to the coast it wasn’t anything unusual to see a lot of tankers off shore waiting. But that was back in the days when people didn’t scream the end of the world was coming when a pecan fell off a pecan tree and everyone screamed political correctness and global warming just because they saw something or heard something they didn’t see or hear yesterday.
We just signed a deal that will allow us to export oil for the first time since the 1970’s. The ships are there to fill up oil and demolish OPEC all in one step. There is no such thing as a storage issue. I work in the industry. We drill the well and set it up to produce. If reaching capacity were and issue then the oil is already stored in the best place ever. All that would be needed is to simply turn off the production platform and leave it in the ground.
gran ships and they are light in the water..lol they have have hachs LOL
No it’s not, they line up out there to enter Galveston Bay to Houston Ship Channel.
It is the start of the zombie apocolypse; which of course will be caused by Obama.
America is exporting oil first time in years
That is the shipping lanes see this every time we go down there on the weekends to play Nice area .
At first glance I’d say these ships are high in the water…empty.