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. riding high in water, must be picking up oil instead of bringing it. perhaps should get the story correct before making a story up.
I will go down and take a look next time I’m in galeveston
The Ships in the photo are empty ! See how high the water line is? Empty hulls!
since your obama government allowed china to purchase some texas mineral rights and several companys sold a few smaller oil fields from texas to china, AND obama had the raw crude restriction removed, china can now take raw crude from texas and refine it out side of the USA, so they are likely empty, waiting to load.
You people are going to have heart attacks worrying about those ships
gas price went up to 59 cents a gallon from about 30 cents
Bring it !
These ships are empty awaiting a load.
This means nothing. The ship’s are always going from port to port. It not only Texas. But all seaports. Its a free service. ( live ship’s maps.). It shows the ship’s there names. All public info. Too many ship’s. Not enough docks. Just a normal day.
Cindy Clark Ragan Willis I do not recall the price increase amount but will never forget the long lines and the odd/even days.