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:
Bs!
We can only Hope
what better way to sneak an invasion Force into the country
That is utter b******t, as an oil field worker, merchant mariner , tug boat captain and USN veteran, I can clearly and unequivocally say$#%&!@*you very much. There may be ships waiting to unload.. But they could in no way store enough to affect price.
Awesome response.. Sure loved my time in the oil patch there years ago.. Well said
I haven’t heard much from the peak oil crowd in some time now.
They’re waiting to pick up a load of Obama’s b******* and take it to Cuba
Any truth to this Dana N Laura Hudgens?
http://youtu.be/MVo2r4v3s58
This is normal storage until refining.