While the redundancies in Saudi oil infrastructure mean that output may be restored as soon as Monday, the attack could build in a premium to oil prices that has long been absent due to complacency. Indeed, traders may now need to factor in new risks that threaten to take not hundreds of thousands but millions of barrels off the market at a time. U.S. shale production may have upended the world energy market with nimble output, but the market’s reaction time is several months, not days or weeks, and nowhere near enough to replace several million barrels.

After the smoke clears and markets calm down, the technological sophistication and audacity of Saturday’s attack will linger over the energy market.

Write to Spencer Jakab at spencer.jakab@wsj.com

https://en.wikipedia.org/wiki/List_of_LNG_terminals

Go ahead and destroy oil capacity  ..see what happens ! cut your own throat !

Iran. not respond toa counter attack…the situation could heat.  up to a war. very quickly–there are no winners in full scale war today-iran-israel and saudi arabia could be all  wiped out just using their 1000s of conventional rockets–they are very prcise today–the u.s. would use their atomic bunker buster bombs on. irans nuke factories

and a FEW DRONES  will take out IRANS Capacity too !  and the money they use to foster Terrorism  ..tit for tat…that leaves the US with the most refining Capacity …and Venezuela dont have any …and it all benefits Israel with its new capacity to sell NAT GAS ..at higher prices..to Egypt…Russia also wins either way ! The US will benefit from HIGHER LNG Prices….Maybe thats the Master Plan  … to get LNG prices up …take out OIL first !  Things are never what they appear to be   ! The winners will be US,Israel,Russia…not mid east and thats a good thing…LNG changes everything..

will soon. have nukes–that cannot. be tolerated…personally,  I. think they may em already…this incident wasn’t like. a. Houti suicide. bomber blew himself up in a Saudi mkt and killed 6 people…this was an act of. war….took out 1/2 their capacity with just a few drones….unbelievable!!

It seems to me somebody wants the price of oil UP !  and if Iran pays the price all the better …but that dont mean Iran started it..too many false flags in mid east politics….name your favorite bad Guy  ! The US dont want the price up until after the election ! probably wont retaliate till then…  Look to who benefits  if a war starts before then. Democrats come to mind ….politics first ,then the price will rise and blame dosent really  matter..The objective will be  accomplished ..

Why would NM put Red Lake up for sale ?  we know GG stock never lived up to expectations ! I s it because the mining plan was wrong ? Its not amenable to large scale bulk mining  ?  ,It has rich veins that need a different plan that NM is not accustomed used to ?

The entire world wants Iran crushed but most. won’t. say it pubically.

We’re Ready For “Full-Fledged” War: Iran Responds To US Accusation It Launched Saudi Oil Attack

IRGC commander announces American bases and ships “within range” of its missiles.

That’s an excellent point.

I think PM’s will be looking good again by month’s end.

I’m hoping the traders get caught flat footed again.

Cheers

No ignoring your COT comments. I think we all know they are suspect and pretty unreliable as an indicator.

This latest rally being proof, if COT’s were so reliable gold probably shouldn’t have even made it above $1400

We’ll see where this selloff takes us.

Thanks for sharing that. Roberts is no doubt severely compromised and likely blackmailed- rumor being he is homosexual. Evidence of course is his deciding vote on Obamacare which was highly unconstitutional. He is a Bush, Clinton and Obama swamp creature and enemy of the people.

ZH is the ONLY place I’ve see and panicky headlines about the price of oil. going up a lot.

Oil To Hit $100? Pompeo Blames Iran For “Unprecedented” Drone Attack That Crippled Largest Saudi Oil Processing Facility

Saudi Aramco describes the Buqyaq facility as “the largest crude oil stabilization plant in the world.”

HA! 🙂

Yeah, Oil will be up 5-10% tonight, SM flat, Gold down $10

By tomorrow Oil up 5-10%, SM up 300, Gold down $15 – I shutter to think about silver but hoping no more than $.30

Anything positive with pm’s will be a nice surprise, although lately we’ve been opening up in the am the falling during Crimex.

news stations–Even on. BBC the floods in. Spain were covered 1st this morning….not the Saudi. situation..as u say, I also could see gold and oil open up and stocks down but be near or above unchanged by morning—but a retaliatory strike could. lead to war…and that. threat will be. hanging over markets—so any early monday morning calm might. provide a. chance to place some bets still at a reasonable price…I highly doubt that the saudis–after getting their. asses paddled–will roll over and beg for peace from the Houtis.

Yup yr right..silly me….

It will be a classic tonight though, how the hell do u make a 50 % Saudi production cut a non event….plus all the other facilities are vulnerable as well.

Still the the UK jumped the shark this weekend….

https://thefloridapost.com/army-combat-vehicles-could-be-electric-in-three-years/

Vlad hasn’t stopped laughing…..yet….Will they hang up a Green Flag when they run out of juice, so the enemy shouldn’t shoot at them, while they refuel and good luck finding an electricity supply is a serious war zone….will their shells go green and not explode, just cover the enemy in paint…..

So quite frankly anything could happen in this new world !!!!.

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Chief Justice Roberts is responsible for all 11 FISA court Judges, who allowed illegal spy ring on Trump

Puppet String News

Fox News Reports: In another unusual twist, the 11 judges are appointed exclusively by the Chief Justice of the United States, without any supplemental confirmation from the other two branches of government. John Roberts has named every member of the current court, as a well as a separate three-judge panel to hear appeals of FISC orders, known as the Court of Review.

The Supreme Court would theoretically have the power to hear any subsequent challenges, but the justices never have– at least not that we know. But the Electronic Privacy Information Center last week directly asked the high court to review the NSA collection of telephone communication data. Roberts himself expressed some reservations about this judicial concept — also known by the acronym FISA — during his 2005 confirmation, one of the few times a federal judge has talked publicly about that court.
Just so everyone knows Chief Justice Roberts has been the ruling factor in blocking Trump’s restrictions on asylum in the Supreme Court today, so I’ve decided to make some connections. Guess what I found? The revealing information through some quick research reveals the fact that Justice Roberts named every single FISA judge who currently sits on the FISA court bench. This basically means that Justice Roberts in a major way is responsible for the illegal use of the FISA court by Obama to spy on President Trump and those close to the President, as Justice Roberts named all 11 FISA Court Judges who sit on the FISA court bench.

The FISA court pretty much allowed Obama’s illegal spy ring on President Trump with Foreign help, where Hillary started it with hiring Christopher Steele to write up the unverified report by Fusion GPS…Which was used illegally because unverified reports violate the FBI criminal statues to get a warrant through the FISA system. So really in a big way Chief Justice Roberts who has been the ruling factor in blocking Trump’s asylum restrictions, is pretty much responsible for the illegal use of FISA on President Trump.

The CoT  report that is given out to the public is NOT the original compiled report. It has been altered and only the Banksters/Major Players & CEM  have the original. That is the reason for the 3 day delay. You are seeing what they want you to see which, is different from what they originally reported. There is the original CoT 1 and the phony public  Cot 2 report all compiled  2 days apart.

The Banksters, et al. submit their data…CEM compiles it and does NOT submit it to the public.  Rather they send it back to the Banksters for the initial report review and editing…read change the submitted data at will. If the original data was accurate there would be no need to change it, especially after only 1 day of having submitted it. Since the original data and the revised data are at variance then nothing officially must be said or challenged or audited. There is your Rig and the reason for the 3 day delay.

In the light of these new devastating attacks on their oil industry perhaps the Saudis will decide the Yemen war is too expensive and negotiate an end.

Regarding Iran’s oil sales

They should be allowed to sell oil without conditions (62%, 26 Votes)

They should not be allowed to sell oil under any conditions (21%, 9 Votes)

They should be allowed to sell oil if they sign a new tighter nuclear agreement (12%, 5 Votes)

They should be allowed to sell oil if they adhere to the first nuclear agreement (5%, 2 Votes)

Total Voters: 42

Maddog – I must strongly disagree! Oil will be up and gold will be down on this news! That’s what we’ve seen for the last couple of decades! 🙂

War and higher oil prices are bad for gold, don’t you remember? 🙂

Newmont says Red Lake mine sale underway