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:
It’s oil ship bringing in oil to make gas, what is strange about that?
That’s the ‘A’ anchor area for ships waiting on a berth. It varies almost daily as to how many are anchored there.
Those tankers look empty to me, I have never seen a loaded tanker sitting that high in the water
….I drive a 1990 Ford truck..with a 351W engine in it and a C4 automatic transmission…it won’t be long before i use up all of the oil in reserves…things should be back to normal in 3 weeks…LOL!
Interesting story, but some sloppy$#%&!@*story writing, how could anyone take such little pride in what they do?
Have been in Galveston for the last month, lots of tankers anchored off the coast. Have seen gas as low as $1.32gal.
Just like 1974 all over again.
I remember it only too well.
hardly a traffic jam of epic proportions
I wouldn’t be surprised if this is happening for the same reason … nothing would surprise me when it comes to our regime. Well, I guess now is the best time for O’vomit to install his 22 cents of additional fuel-tax per gallon and THEN jack up the price of oil ~~~ that would be just perfect to finish us off!!!!!!!!!