🇸🇦🇾🇪 Signs the Houthis hit Saudi Arabia's Shaybah field again, a 500 megawatt fire lit up Khurais on NASA satellites, and Riyadh has said nothing... the world may already be short 5 to 8 million barrels a day
Khurais is a 1.1 million barrel a day field that only produces when treated seawater keeps the pressure up, and he believes the plant that pumps that water was hit. Three of the East West pipeline's pumping stations were hit, by his count, on a route that climbs 3,000 feet.
Chris Martenson, energy analyst at Peak Prosperity, says the silence is the data:
"I would feel better if we at least had believable lies. But we're getting nothing."
A 5 to 8 million barrel shortfall is the largest oil supply shock in history, and oil use tracks GDP almost one for one, so if Iran works through its declared target list, starting with Abqaiq, exporters everywhere stop selling, and at that point oil has no ceiling.
@chrismartenson @WeTheBrandon
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