@igetredpilled So everything is fine and you believe oil will be trading at 60 and gasoline to $1 soon but what about the incidents like this, maybe fake news π€
https://t.co/0hbp65ApVG
BREAKING: Yemen's Houthis appear to have struck Saudi Arabia's East-West crude oil pipeline again, hitting Pumping Station No. 2 east of Riyadh. Sentinel-3 satellite imagery shows a black smoke plume roughly 50 km long over the site today.
NASA FIRMS recorded four heat anomalies at the station, with fire radiative power up to 88 megawatts and one reading at 367 Kelvin, the ceiling the VIIRS mid-infrared channel can register, meaning the fire is likely hotter than the data shows.
The pipeline is Saudi Arabia's only export route that does not pass through the Strait of Hormuz. It was shut on September 11 after the first wave of strikes and only partially restarted on September 22.
@igetredpilled@RichardDias_CFA Are you expecting a 10%+ GDP drop event to compensate the 15-20% drop in oil and similar amount of refining capacity removed by wars.
@StraightFromDan People are still unaware of the pending oil shock right around the corner and everything that comes with it. Great time to be bullish on real-estate.