Iran is rapidly running out of space to store its oil as President Trump continues his naval blockade in the Strait of Hormuz - which could lead to “irreversible” damage to the regime’s biggest industry and lifeblood of its economy. Massive supertankers have been spotted at Kharg Island, an oil-critical hubs. But with nowhere for the crude carriers to go with the US blockade around the Gulf of Oman, experts say it is a sign that the regime is using the vessels as floating storage. Iran has repeatedly tried to push its ships through the US naval blockade, but its ships are routinely intercepted, with six tankers forced to turn back in recent days.
“If the Iranians have to shut down oil and gas production due to a lack of storage capacity, there will be permanent damage to the productivity of the oil fields,” said Derek Reisfield, Co-Founder of Marketwatch and a former McKinsey consultant. “The damage will be irreversible,” he added. “The loss in capacity could easily be half a million barrels in daily production.”
The Critical Threats Project at the American Enterprise Institute think-tank also estimated to The Post that Tehran likely has until tomorrow night before its onshore storage facilities are filled. THAT is the only reason they'll want to talk to us. End of story...
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Hm....I'm going to not really believe this report at 100% Yeah, I do believe that the mooslimes are getting to the point of storage problems. I do believe that this strategy is another show of Trumps 10,000 layer chess plays.
ReplyDeleteBut to think that it will cause "irreparable damage" to the system....I've heard too much about climate, population, earth day, covid schtuff to fall for this "oh my gawd, the world is ending" hype.
If I'm wrong; so be it.
Interesting NOBODY is mentioning this same AFFECT will occur with the blockaded Non-Iranian oil.
ReplyDeleteFunny that. BTW from a buddy who works in the oil industry it's not really so but it makes for great media nonsense. Seems when oil prices were too low, they did it and later reopened them with fracking or chemicals.
But who bothers to google stuff, just trust MSN.
If shutting down the wells does real damage then just dump it in the ocean. Problem solved and blame Trump:)
ReplyDelete