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:
Those ships are empty…look at how high they are sitting in the water………..Stevie Wonder can see they are empty
I thought that’s now where they are storing oil. A dangerous venue. Considering it could lead to accidents/ spills!
The ships shown are empty people.
I don’t quite understand the problem with inexpensive oil. It allows more money to stay here in the US economy and more money in the pockets of American citizens. More money the populous has in their pockets to spend the better the economy overall. The oil companies are crying about profits, but they made money when gas was $1.00 what’s the probem now.
Weird, they are only bringing in what they want to avoid dropping larger profit margins later….. Sounds like a bunch of rich assholes are profiting off supply and demand as they see fit….
Oh brother. I am selling Polish Pink Potatoes for $87/pound, you eat them and live forever. Any takers.
The picture may show tankers but they are empty! Note how high in the water they are sitting
Old news.
Still doesn’t explain why gas is still over $2 a gallon in Seattle, Washington
P**s and moan,,,,, that’s what happens when you gouge the hell out of people years back,