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:
Haha I was about to say the same thing! It’s gotten real old not seeing facts!
Kevin Bagwell No, you are partially right, however in the early 70’sthe oil companies had tankers sitting out in the ocean in order to drive up prices and once a deal was made with our government the tankers returned and the lines started to decline. In the late 70’s early 80’s that is when the government started their attacks for cleaner burning fuels which caused prices to rise and the auto industries started to make diesel engines for cars and that is why diesel fuel is higher than regular gas.
Man was there Sunday an looks like a parking lot a lot of ships anchored there.
Thank you for the dose of real, useful information and common sense. It’s refreshing!
Sandi Taylor
Yupp
I will show this to John tomorrow.
Well if your Truth and Action get up off your$#%&!@*and quit thinking were stupid. Whine about the price of truth, and print a lie.
Stick your head in your butt and jump.
Unliking this page…sheesh
Ain’t that a$#%&!@*must be the electric cars causing this since there was a shortage some time back