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:
Was stationed at Ft Point, USCG. 40 is kind of high but no in usual. Any one can check AIS and see real time…if you care too.
Yet @carnival cruise want drop prices, doubled 2015 prices
So why are the gas prices going up right now !!
The ships look empty to me.
No need to worry people !!! Should the Republicans win the presidential election, they’ll have us in a war within six months and the demand for oil and the price of fuel will start to rise almost immediately !!!!
Gas at the pump went back up 20 cents a gallon in two days…
Hiding troops? That explains all the pizzas I saw being loaded on a service boat that then headed out to all the ships riding the hook. 🙂
No mystery here. This has been happening for years. Waiting for higher oil prices. Plus, there’s a shortage oh land based storage tanks; they’re full. Current inventories are near their all time highs. Don’t ever believe we’re running out of oil.
If this is the case why is it that gas and diesel prices have sky rocked so much in the last few weeks
Stephen Trivitt…so true! I know a few like that. Ceying because they got laid off and cant afford all the expensive toys they bought and didnt pay on