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:
Chris Stuck. True?
Price driving
Hmm
I guarantee, Obama and his thugs are going to try to claim credit for the low prices, while ignoring the fact that oil reserves are through the roof
I’ve seen this before in Chesapeake bay not oil but back up lots of ships close to shore cool looking
But the price of gas keeps rising again…. Spring break, Easter, summer vacation season….. It’s a chess match and we’re all pawns.
Well if my water hose is putting out to much water turn it down. If you can’t sale all your oil then slow the pumps down. Problem fixed. You don’t have to pump more then you need. Your wasting money on ships and fuel.
Let’s put a$#%&!@*ton of oil in ships and tell our enemy’s where they can find them to sink or steal them! The ultimate revenge poison the shores and cripple the USA! Use your brains! Smhh!
Good grief folks, please talk of what you know, not yet another conspiracy theory. Look at the ships in the picture…floating high in the water (translates to empty). These particular ships are waiting to be loaded. This area off of Galveston is a staging area for Galveston harbor (limited), Texas city refineries, and the ship channel that goes all the way to Houston. Some are there waiting to load, while others are waiting to unload. I have gone fishing off of Galveston and this is normal procedure.
Doug Heitmiller