"Fuel up Today"

[ron l edmiston]

--gasoline/diesel index up +20% at ports of distribution..

ronnie

[Blue Jays]

Goes without saying whenever there is an unprovoked state-supported terrorist attack upon innocents.

[Scott G.]

Look at the upside, if gas gets back to $4, lots more people on bikes.
There was a shortage 27in tires during the previous $4 gas event.

Yemeni civil wars with Saudi intervention have been a recurring event. In the old days the
British would help put down the rebels, sadly the Empire is no longer
East of Suez, the Imperial skills have been lost to history.

[Blue Jays]

"...Look at the upside..."

I cannot see an upside to terrorism where lives are lost and valuable infrastructure is damaged.
Increased fuel costs around the world raises the cost of goods and hurts people living on the edge.

[j44ke]

False alarm. End of the world is next week.

[vertical_doug]

Oil Company ethos, 'Never waste a crisis when it presents an opportunity to price gouge'.
WTI is up only 13%.

[bigbill]

In theory, the US has plenty of oil. The reality is the infrastructure and location of many refineries are set up to receive oil from overseas. A reduction in oil being shipped will have a long term impact on prices because of this.

[vertical_doug]

US only imports 24% of its crude now. 40% of that comes from Canada, only 11% comes from Saudi.

[davids]

Goes without saying whenever there is an unprovoked state-supported terrorist attack upon innocents.

Who are the innocents here? The oil tanks? The millions of Yemeni slowly starving to death?

Speaking only for myself, if I was forced to choose sides between the Saudis and the Iranians, um...

I guess I'd only go so far as to say that the collapse of JCPOA has made this conflict easier to escalate and harder to contain.

[Blue Jays]

"...Who are the innocents here?..."

For starters...the man or woman pushing a broom around, the 9-5 office worker balancing spreadsheets, or the HVAC tech.
It was a huge state-sponsored attack on a non-military oil facility that undoubtedly employs many day-to-day normal folks.

[davids]

No casualties, or even injuries, according to the House of Saud. (And while I don't have any real information, I doubt there was a woman working in that refinery. It's Saudi Arabia, remember? Less than 20% of the workforce is female and workplaces are pretty strictly sex-segregated.)

This refinery attack is single episode in an armed struggle between regional powers (Iran and Saudi Arabia) and as I've stated, my sympathies go out to the millions of Yemeni who are dying in bombings; from landmines; of starvation; from cholera. Both sides, and their Yemeni proxies, own this nightmare of inhumanity.

But back to the subject at hand. That refinery sure is a mess.

[Ras72]

Now now - no need to get all pissy. Sanctions will mend everything.

Read a boatload of sarcasm in that...