FLASH: Saudi Pipeline Blown Up? in [Market-Ticker]

Posted 2012-03-01 15:02
by Karl Denninger
in Flash

FLASH: Saudi Pipeline Blown Up?

Scant details and no confirmation available yet, coming from a source that may or may not be credible.

I would not normally put this on the Ticker, but if it's true it's explosive information that could have extremely-severe consequences for oil and gas prices, especially if this is an indication of civil unrest (or worst) in Saudi Arabia, which we have all been told is "business as usual."

Maybe not......

Update 3:50 CT: Saudi officials on the wire claiming this is untrue, but Press TV says it IS true. Who the hell knows.... for now. Pictures someone?

Discussion below (registration required to post)

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User Info	FLASH: Saudi Pipeline Blown Up? in forum [Market-Ticker]
Asimov Posts: 103938 Incept: 2007-08-26 East Tennessee Eastern Time Online	If, by chance it's real... That would explain oil movement. ---------- It's justifiably immoral to deal morally with an immoral entity. If you trade based on what other people say, you will lose money. Especially what I say. I won't be held responsible. Festina lente. 2012-03-01 15:08:51 Permalink
Cerich Posts: 608 Incept: 2008-12-17 ga Online	**** 2012-03-01 15:16:06 Permalink
Fraudster Posts: 4173 Incept: 2011-05-10	Asi - I think oil is going up regardless. ---------- *"Let China sleep, for when she wakes, she will shake the world."* - Napoleon Bonaparte *"Circulation ceases first at the outer edges [Europe and Japan]. It will take a while yet for the decay to reach the heart [America]."* - Foundation & Empire by Isaac Asimov 2012-03-01 15:17:57 Permalink
Maple Posts: 4785 Incept: 2007-09-03 Southern California	I am hearing 'not', Gen. 2012-03-01 15:18:09 Permalink
Asimov Posts: 103938 Incept: 2007-08-26 East Tennessee Eastern Time Online	Oil over $110 now. ---------- It's justifiably immoral to deal morally with an immoral entity. If you trade based on what other people say, you will lose money. Especially what I say. I won't be held responsible. Festina lente. 2012-03-01 15:20:40 Permalink
Uncleoxidant Posts: 2200 Incept: 2007-07-10 Stumptown	Or somebody's trying to start a rumor to make oil go up even more? ---------- I am not a consumer. I am a Citizen! 2012-03-01 15:20:40 Permalink
Duc888 Posts: 7368 Incept: 2008-11-06 CT, the UNconstitution State Online	....didn't GS say they "needed oil at $150bbl" a while back? Well, they must have paid off "the gods". http://www.zerohedge.com/news/saudi-oil-.... pics ---------- ...burp Last modified: 2012-03-01 15:28:22 by duc888 2012-03-01 15:22:13 Permalink
Maple Posts: 4785 Incept: 2007-09-03 Southern California	There are at least four (4) of us on this board who have spent time in the Kingdom - nothing there is as it seems. 2012-03-01 15:24:42 Permalink
Patriarch Posts: 982 Incept: 2007-10-18 your account summary	Another take on it: Many rumors that the Saudi fields are drying up. The Saudis are NOT our friends. How hard is it for them to blow up one of their own pipelines to extract more paper from the U.S. and other economies via higher prices for their black gold, all the while claiming that their declining production is due at least in part from this sabotage? Interesting that this happens on the same day that Israel announces a 'pilot program' to start investing their 'surplus' in U.S. equities. Another question, if I may (naivete on). If Israel has a 'surplus' that they want to invest in our markets, why are we giving them foreign aid? ---------- Our elected take an oath to serve. Time to add: I will not serve in a capacity which I am not able to comprehend or am incapable of by mental defect of any kind, nor will I use the excuse of intellective deficiency if found in violation of this oath/affirmation, which backs charging wayward politicians with treason. 2012-03-01 15:25:34 Permalink
Marketpirate Posts: 1636 Incept: 2007-11-30 New York	Quote: Or somebody's trying to start a rumor to make oil go up even more? . Noooo...they would never do that. That would be corrupt, dishonest, criminal..oops never mind. I almost forgot we're talking about the stock market here..carry on. ---------- The bull**** stops when the money runs out, and not a moment before. 2012-03-01 15:26:06 Permalink
Billonthehill Posts: 2004 Incept: 2008-01-20 Six feet short of heaven	Great. Sitting in my truck on I-70 with traffic at dead stop. Snowslide in Glenwood Canyon and I have trucks behind me as far as the eye can see. Listening to CNBC and SE just announced that a rumor is that pipeline has been blown up. GLD and SLV up again. Brent up over $5. I want off this highway and back into my small town so I can store some more food and gas. Now all that is needed is for Israel to bomb Iran and $150 or $200 will look cheap. Time to buy NAT GAS... ---------- "Interesting to be talking about Deeds of Trust. When there is no trust." - Anonymous Caller to KOH Reno Talk Radio 10.21.10The era of procrastination, of half-measures, of soothing and baffling expedients, of delays, is coming to a close. In its place we are entering a period of consequencesChurchill 36 " 2012-03-01 15:31:26 Permalink
Uncleoxidant Posts: 2200 Incept: 2007-07-10 Stumptown	Complete with pics: http://www.thearabdigest.com/2012/03/sau.... (this is the source that ZeroHedge is quoting from) ---------- I am not a consumer. I am a Citizen! Last modified: 2012-03-01 15:50:29 by uncleoxidant 2012-03-01 15:48:25 Permalink
Steelhead23 Posts: 2041 Incept: 2008-09-09 Portland OR	http://www.foxbusiness.com/industries/20.... As the world't largest oil producer and a beneficiary of oil price shocks, who would be more motivated than the Saudis to blow up that pipeline? ---------- "Give me control of a nation's money and I care not who makes it's laws" ~~Mayer Amschel Bauer Rothschild~~ Benjamin Bernanke For-profit commercial banks are a menace and should be eradicated 2012-03-01 16:02:35 Permalink
Jubber Posts: 14020 Incept: 2007-07-05 UK	denied ---------- The problem with socialism is that, sooner or later, you run out of other peoples money. Thatcher 2012-03-01 16:04:38 Permalink
Redneckgreener Posts: 42 Incept: 2011-11-03 Utah	Amazing how a rumor can affect such a volatile market. It may be true, but at this point it's still just a rumor. 2012-03-01 16:05:18 Permalink
Ramthebulls Posts: 10858 Incept: 2007-09-24 Queens, NY	well it is a rumor with pictures. The pictures could be forged of course, but much harder to ignore a rumor with photographic evidence. ---------- Umbrage is like love. No matter how much someone takes, there's always more for you to give. 2012-03-01 16:07:50 Permalink
Jubber Posts: 14020 Incept: 2007-07-05 UK	Saudi oil officials say reports about attack on pipeline are untrue ---------- The problem with socialism is that, sooner or later, you run out of other peoples money. Thatcher 2012-03-01 16:09:27 Permalink
Otiswild Posts: 5617 Incept: 2009-03-09 Inside you, the force is!	Dat's GOTTA hoit! Couldn't have happened to a better bunch of ******s tho, those Saudis.. 2012-03-01 16:10:23 Permalink*
Spanktron9 Posts: 2773 Incept: 2009-03-13 Reality.	Bilge ---------- "Winter is coming." -Motto of House Stark "Mo'lon La'be"- Leonidas "Strong people are harder to kill than weak people, and more useful in general" - Mark Rippetoe "Its like Calvinball."-MarvinMartian Last modified: 2012-03-01 16:18:29 by spanktron9 Reason: BAD INFO! 2012-03-01 16:14:47 Permalink
Fraudster Posts: 4173 Incept: 2011-05-10	Well oil took a nice $1 dump. ---------- *"Let China sleep, for when she wakes, she will shake the world."* - Napoleon Bonaparte *"Circulation ceases first at the outer edges [Europe and Japan]. It will take a while yet for the decay to reach the heart [America]."* - Foundation & Empire by Isaac Asimov 2012-03-01 16:16:30 Permalink
Mannfm11 Posts: 3539 Incept: 2009-02-28 DFW, Tx	The default swaps on Saudi have been going up. We are 10 years away from there not being a glut in natural gas. ---------- The only function of economic forecasting is to make astrology look respectable.---John Kenneth Galbraith 2012-03-02 01:17:49 Permalink

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