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:
Hopefully the price stays down
Yeah, they are doing this to drive up the oil prices and demand.
Thanks Mark! Nice to hear from someone with experience and knowledge! Now after buttering you up what ya say you take me fishin! Lol
Good , F those MF-ers who have been screwing the whole country for years and hurting our country as well from their greed .
I don’t think the truth means much to this web site !!
Jim Radford
And gas is going up
Your website is stupid truth and action
I saw a lot of these last week when I was on the cruise ship from Houston.
I saw this from the air while flying to Belize from Houston. Counted at least 50 tankers parked just off the port in formation.