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:
Well I remember when the ships would deliberately wait off shore for the price to go up aother dollar or two. when you have 2 million barrels on board that is a sizeable sum.
What planet did you guys come from?
The ships in the picture do not look like they are loaded with anything.
You can see a line of ship lights for hundreds of miles when you stand on Crystal Beach late at night when there’s nothing but star light.
The tankers in the photo are empty. Look how high out of the water they are. Here’s what a loaded tanker looks like. http://s130.photobucket.com/user/BruceMcF/media/ecol/Hijacked-oil-tanker-MV-Si-001_zps4217c03c.jpg.html
It’s called Boliver Roads… where tankers waiting to get in and out park, while waiting for a dock,… and FYI.. the one on the left is empty…
This story is BS.
Here is more of a ‘live’ view of tanker ships in the area. Quite a number. http://www.marinetraffic.com/en/ais/home/centerx:-94/centery:28/zoom:7
Jim, is there any way to get a historical view of this map? Say from December 16, 2015? Or January 16, 2015?
this is a good time to fill up the oil reserve storage while it is cheep and lots of it.