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 good book says in the last days that the ships will be laying off shore with ther “Spoils” waiting on somewhere to sale to… Revelation
The threat of eliminating fossil fuels caused this glut , many countries around the world count on oil sales to exist , they need to sell 4 times the product to earn the same return , it’s not helping to push cl1mate ch4nge .
But gas is going up.
I have the same pictures while staying at port Aransas Texas if you look they are empty and waiting to fill up at their dock of call. Dock dates are set before they leave there home port if they arrive early they anchor off shore and wait.
easy fix no buyer for the oil send t back to the country it came from and let them eat it .
Yes those Tankers are empty.
I have similiar photos taken in Nov 2014, as we returned from cruise to Mexico and Honduras.. more ships than we could count, lined up as far as the eye could see.
Those ships are high in the water
and your point is? I’ll tell you what your point is. moot.
In 1974 I was on a oil tanker full of gasoline going up and down the west coast. We were bumping into tankers all up and down the coast,cause there was no where to put the gas. Every hole on the west coast was full, including defunct gas stations . What a crock of$#%&!@*
This is what happens when you let speculators control the market as much as they do the idea of driving up an artificial demand to make boat loads of money is bound to catch up to you sooner or later I hope they choke on the excess.They should have been stopped when they were driving the prices sky high by being made to take delivery on their purchases and having to hold that oil for at least 30 days this madness of buying thousands of barrels only to drive up the price then dumping it for a daily profit is b******t