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:
Exactly
Cheap oil is good. Just because one sector is hurt, the benefits of cheap oil are gained by the other sectors.
daw some ins up-yep!!!!!!!!!!!!!!
I thought it was Abbott doing something stupid again
I wonder what the men in or on those ships are doing? Bless their hearts.
And yet gas prices are still well over $2 a gallon.
It states that this is a stock photo of container ships and not of the ones actually sitting off shore.
Pay attention.
you should see va bch there parked everywhere all the time, not at sea inside the bay… stop worrying this is normal and shared with peace and love. fear mongruls shut up this is nornmal
Ah, thanks for that info, Truth And Action. I was going to go with something like, anyone remember “Final Countdown”? And wonder if I could get a seat on one of the ships. Not that I want to go back to WWII, but a trip back in the past, to secure stocks in, say, Microsoft, might be a good idea.
Wonder what the Bay looks like