Attack On Saudi Arabia Oil Fields May Translate Into Higher Prices At The Pump In USA
Dear Friends & Neighbors,
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More than 20 drones attacked world’s largest oil processing facility in eastern Saudi Arabia accounting for nearly 10 million barrels of crude-oil production, sparking massive fires and plumes of black smoke emanating from the oil field on Saturday, September 14, 2019 . This could lead to about 50% of its production being at least temporarily thrown offline.
In the video “Yemeni rebel drones spark fires at two Saudi Aramco oil facilities“, below:
In the video “Saudi Arabia’s oil output decimated by drone attack“, below:
The Trump administration is blaming Iran for the drone attack on oil facilities in Saudi Arabia over the weekend. CBS News White House correspondent Weijia Jiang joined CBSN AM with more on how the president is responding, in the video “Trump administration blames Iran for Saudi Arabia oil attack“, below:
Secretary of State Mike Pompeo said he believes Iran is behind the drone attack on the world’s largest oil refinery, in the video “Questions raised about whether Iran is to blame for Saudi Arabia attack“, below:
This would potentially translate into higher prices at the pump here in USA. Currently S&P Global Platts is forecasting $5or $10 per barrel spike in Brent oil prices.
More reason to go Solar and EV!
Gathered, written, and posted by Windermere Sun-Susan Sun Nunamaker More about the community at www.WindermereSun.com
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