Big hit on Saudi oil facilities - now

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    Black swan squawking.......Massive hit by drones on Saudi oil production facilities.....lots of fires, lots of smoke and flames...not much information.....it is Saudi.,......

    Yemen Shia dogs claiming their drones did it....But look at the map....Iran is much closer and piece of cake for sea-launched drones......

    https://www.cnbc.com/2019/09/14/explosion-fire-hit-major-saudi-aramco-facility.html

    https://www.google.com/maps/place/Buqayq+Saudi+Arabia/@25.9274112,40.6694105,5z/data=!4m5!3m4!1s0x3e36487425d4cf35:0xb97f23715bec6597!8m2!3d25.9168154!4d49.6707205

    So much for Trump suddenly ignoring Iran.....Now is the time for the US-Saudi-Israel alliance to end Iran.........Should be done by Monday....

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    Starting to look like an Iranian mission using long-range drones that they possess - launched from Yemen.....I suppose there were a few Houthis in the audience.....between chewing qat and corn-holing each other......Anyway you would think that Saudi AWAC's and US satellites have figured it out by now......Get the flight-line on Diego Garcia loading and waving off.....so many targets.....so much fun.....

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    This IS going to get interesting.

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    Yes, this will cost Saudi many many billions no matter what the outcome......Lloyd's likely to double their gulf rates...Price of oil likely up by $15-20......and the KSA government has to to something extremely dramatic to keep the faith with the Saudi populace......

    Very early tomorrow morning........fireworks in Iran.......everywhere.....from every direction.......

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    The combined efforts of the Saudis and Americans with the most high tech weapons ever used in war cant defeat a rag tag bunch of half starved poorly armed and trained houti rebels . Australians have nothing to worry about our refineries have already been sold off and shut down . The oil price is now anyone's guess 200 dollar a barrel oil a crippled world economy and a full scale middle east conflict are not beyond the realm of possibilities.

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    Australia imports almost all of its oil, and there are pitfalls all over the globe
    May 24, 2018 5.57am AEST
    Author
    Anthony Richardson
    Research Fellow, Future Social Service Institute, RMIT University

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    Australia’s fuel security is far more precarious than we might realise. Not only do we not have the internationally mandated 90-day stockpile, but the ongoing closure of Australia’s refineries means we are on track to be 100% reliant on imported petroleum by 2030.

    Read more: Australia's fuel stockpile is perilously low, and it may be too late for a refill

    Australian refineries import roughly 83% of the crude oil they process from more than 17 countries, mainly in Asia (40%), but also Africa (18%) and the Middle East (17%). We are a significant oil producer, but export 75% of our crude production, with the largest recipients being Indonesia and Singapore.

    At the same time, the importance of importing refined petroleum from overseas is only increasing as our local production declines.

    Australia’s imports and production of refinery products. Dept Environment and Energy/Dept Industry, Innovation and Science
    Currently, 51-53% of our imported refined petrol comes from Singapore’s refineries, with 18% from South Korea, 12% from Japan and the rest from a range of other countries. Asian refineries in particular are extremely competitive in terms of production and transport costs.

    Australia’s fuel supply routes. NRMA
    The consequences of disruption
    Without significant fuel reserves, Australia could face serious consequences in the event of disruption to these imports. In any complex system, even temporary disruptions can cause “cascading failures” across other parts of the system, and these effects don’t stop the moment the supply is restored.

    Maintaining our oil supply is not just about keeping our cars on the road. Any serious disruption would have consequences within days for our food supplies, medication stocks, and military capacity.

    Australia’s liquid fuel reserves compare poorly with stockpiles of other goods. NRMA
    If a complex system is to be resilient, it needs redundancy. This means that it has backup processes that enable the overall system to continue to function even when some part of it breaks down.

    Unfortunately, such backup systems are not efficient, because the system is doubling up on resources. Efficiency is therefore one of the enemies of system resilience – this is best demonstrated by the concept of “just in time” supply chains, in which stock arrives when it is needed, minimising the costs of holding excess inventory in stock. Such an approach is certainly efficient, but it is also fragile. This is a pretty good description of Australia’s current oil supply chains.

    The 90-day oil reserve recommended by the International Energy Agency is a textbook example of system redundancy, as are local oil refineries. They provide onsite reserves (5-12 days) and local refining capacity. But in the interests of economic efficiency we have chosen not to invest in this redundancy.

    Possible causes of disruption
    Australia’s geographically dispersed oil supply chains mean that there are several places around the world where they can potentially be disrupted.

    More than 40% of the world’s oil passes through the Strait of Hormuz, the only sea passage out of the Persian Gulf. Controlling the strait remains a clear (and possibly achievable) aim of Iran in any military confrontation.

    This has arguably been made more likely by the US administration’s decision to reimpose economic sanctions on Iran. At the same time, the recent shale gas revolution in the United States has weakened the traditional US strategic imperative to keep the strait open.

    The ongoing tensions in the South China Sea also threaten Australia’s other major supply route for oil, not least because of our difficult geopolitical position in the middle of the heavyweight rivalry between the US and China.

    Finally, the apparent defeat of the Islamic State group in Iraq and Syria has led to concerns that radicalised Indonesians are returning home to continue the fight. The vulnerability of our supply lines through Indonesia has already been recognised.

    Trading places
    Oil is often described as a “fungible commodity”. This means that oil from different suppliers is interchangeable, so if supply is disrupted we can just buy it from somewhere else.

    But it is not as straightforward as that. First, the point in the system at which supply is disrupted is crucially important. For example, Australia’s fuel ports represent particularly problematic junctions, as a 2013 fuel security review for the National Roads and Motorists Association pointed out:

    For example, the primary fuel port in South Australia is at Port Adelaide; a single, narrow, shipping channel services the port. A blockage of that channel, as the result of a shipping accident/incident, could result in significant and prolonged disruption to fuel supplies for Adelaide and a large part of the state … given the inability to transport sufficient fuel stocks overland to South Australia.

    What’s more, while it is generally true that oil is fungible within an open global market, not all suppliers necessarily share this assumption. Thus China, faced with rising domestic consumption, is planning to outbid Western oil companies for contracts, or else buy the entire companies outright.

    Just like the US, China sees oil more as a national security concern than as a fungible global commodity. Access to even a share of the global oil supply can be a tool of political or economic influence, as the OPEC embargo in the 1970s infamously showed.

    Read more: Four decades later, has America finally got over the oil crisis?

    In the end, while other countries move to secure their national fuel supplies, we continue in our misguided faith in an unfettered global oil market being able (or willing) to supply our needs in situations of crisis. Hopefully the proposed Fuel Security review will mean these challenges are finally taken seriously.

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    As electric vehicles become cheaper and start to form a bigger percentage of our fleet some pressure will be taken off oil supplies. It will eventually happen, a bit more encouragement from government would go a long way, especially given the perilous nature of our oil supplies. Security should trump dollars.

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    What happened to their Airdefence system/ disabled to get some conflict reolution by the Hawks ? Bolton sacked, plenty going on here.

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    world has 1 trillion barrel reserve stockpile US has near 700 Saudi have 200 plus europe Australia has nil go Australia all fuel is imported

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    USA Oil producing stocks will get a boost come Monday.IMO

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    Probably a plot from the satanistic, child killing, paedophile Mike Pence, eh gvenso?

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    if they dont monday nothing will

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    Damn....no reaction yet on Iran....Shit, they should be have been turned into glass by now......Not to worry.....They will be...

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

    Now do the Saudis have nukes from the Pakkies...or do they not? They certainly paid for them. Look they were always going to use them against one country. Now that they have been severely attacked by - 'that' very country.....Hmmm....

    Will Iran still exist on Monday.....or do we have to wait a few days more?....Bugger....I hate suspense.....

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    I’m currently in Saudi Al Khobar, I can tell you that there will be retaliation that you can be assured the question is what and when

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    Good to hear governor! Who you with there, Bae? You can PM me if you like....up to you.....

    Yes, I cannot imagine the Saudis would let this one slide.......National pride demands it....I believe the negotiations with the US over attack locations, and Israeli flight plans are occurring now.

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    What Country supports all those Countries currently under Sanctions......CHINA.
    Yemen needs wiping off the face of the earth....Iran for me are being used as a scape goat....but I may be wrong..
    In any event China continues to buy Oil out of Iran whilst they are under Sanctions...pretty piss pore effort by those Countries who continue to trade with this scummy Cunt ......Tree.

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    Shane.....I arrived in the Middle east at the same time that the Shah was deposed by the shia dumb-asses that turned Iran into a nation of sloven retards....praise be to allah......
    I understand from many who lived there, it was a great place before the Ayatollahs blessed the nation with idiocy and corruption.
    I think that situation will end within days.....and just maybe - Iran can rise out of the ashes and get real again....Maybe Israel can then teach the Saudis how to do it too.....

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    I agree the only thing standing between Iran’s people and freedom is the Ayatollah.
    I still believe China may have plenty to answer for, they have been stock Piling Oil out of Iran for the past 6 months.
    This action should be treated as supporting Terrorism as those funds are helping Iran Fund the Hootis.
    I doubt Israel will give any support to the Saudis.
    This weeks meeting between Morrison and the King of the World ,should be very interesting, let’s hope Trump pulls Morrison’s head in about his trade dealings with China.

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    Fk China....I want those SCS fake islands nuked now.....

    I want Trump ringing up the lizard in Peking and telling the reptile - there are thousands more warheads coming his way.....if China doesn't immediately get with the program....

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