Are The Oil Ticks Becoming Just Plain Ticks?

Can you imagine what would become of the arrogant, terror financing, Wahhabi Saudi royal family if they ran out of oil? Seriously, besides exporting oil and terrorism, does Saudi Arabia have any beneficial, redeeming global purpose or value?

Have Saudis Overstated How Much Oil Is Left?

While the world remains transfixed by the Egyptian revolt, a crisis with equally profound global consequences is quietly brewing elsewhere in the Middle East: WikiLeaks this week released U.S. diplomatic cables suggesting that Saudi Arabia may have vastly overstated its oil reserves — if true, that could dramatically accelerate the arrival of the long-feared “peak oil” moment, when oil production hits its final high before slowly declining, keeping prices rising for the foreseeable future and slowing global economic growth. But not all industry analysts are convinced by the claims in the cables.

The diplomatic cables from the U.S. embassy in Riyadh between 2007 and 2009 cite a former senior executive of Saudi Arabia’s state-run Aramco oil company as revealing to American officials that the country’s official estimate of 716 billion barrels of oil reserves is, well, hogwash; the real figure is about 40% lower than that, according to the oil executive, Sadad al-Husseini, a geologist who until 2004 headed Aramco’s exploration department — a seemingly impeccable source. WikiLeaks released the four cables on Tuesday.

See also:
WikiLeaks cable: Saudi oil estimates may have been exaggerated
WikiLeaks: Saudi Arabia Overstated Its Oil Reserves
WikiLeaks: Saudi oil reserves overstated
WikiLeaks cables: Saudi Arabia cannot pump enough oil to keep a lid on prices
Saudi Oil Reserves and the WikiLeaks Chinese Whispers Effect
Wikileaks gives a boost to peak oil theories UPDATED
Dwindling reserves
Is Saudi Arabia running out of oil?
The Truth Behind Saudi Arabia’s Oil Supply
Ex-Saudi Oil Executive: “Oil Reserve Data is False”

Oh sure, it’s still going to be a while before the Saudis run out of oil and their country reverts back to being just another third world [expletive deleted]hole, but now that day might be coming almost twice as soon as previously estimated.

/of course, we can hasten the onset of Saudi irrelevance if we can use our technology to develop substitutes for their oil

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The M Star Mystery Solved?

Who or what the [expletive deleted] dented Japan’s supertanker in the Strait of Hormuz?

We have a putative winner.

Tanker blast in Gulf ‘was terrorist attack’

A terrorist attack was behind an explosion last week that damaged a Japanese oil tanker in the Strait of Hormuz, the United Arab Emirates official news agency said on Friday.

More than a third of the world’s traded oil flows through the oil-rich Gulf’s strategic waterway that is bordered by Oman, the UAE and Iran, and a terrorist attack, if confirmed, will heighten security concerns in a region where tensions are already running high, analysts said.

Remains of homemade explosives were discovered on the M Star’s hull, as was a dent on the starboard side of the ship, a UAE coastguard source was quoted as saying by the Wam agency.

“Probably the tanker had encountered a terrorist attack from a boat loaded with explosives,” the source was quoted as saying. The investigation into the incident was conducted in the UAE’s Fujairah port.

The M Star, which is owned and operated by Japanese shipping company Mitsui OSK Lines, was damaged by what the crew said was an explosion after midnight on July 28, as it travelled through the strait on its way to a port near Tokyo. The tanker, which was loaded with 270,204 tons of oil, was able to continue under its own power to the UAE, with only one crew member slightly injured.

See also:
Japan tanker was damaged in a terror attack, UAE says
Japanese oil tanker attacked by terrorists, says UAE
UAE: Japanese tanker attacked in Persian Gulf
Report: Terrorist Attack Damaged Japanese Oil Tanker
Report: Terrorists Damaged Japanese Tanker
U.A.E. Confirms Terror Attack on Japan Tanker in Persian Gulf Last Month
Brigades of Abdullah Azzam
The M Star Mystery

Oh boy, Islamic terrorists are now ramming shipping in the Strait of Hormuz with explosive laden boats. They failed this time, but they learn.

/it’s not a cold war, it’s not a hot war, it’s an asymmetric war, a concept we barely have the stomach for

The M Star Mystery

What the hell happened here? Was it a collision, an explosion, a rogue wave, or something else? So far, your guess is as good as theirs.

Supertanker ‘was damaged by explosion or submarine’

A JAPANESE supertanker which sustained serious hull damage while sailing through the hyper-sensitive Straits of Hormuz was either hit by an explosion or in a collision with a submarine, officials in the United Arab Emirates said yesterday.

When the M Star supertanker reported it had been hit by an “explosion” late on Wednesday, officials in the UAE played down the claim, citing seismic activity and saying the vessel had been hit by “a freak wave”.

Yet yesterday, it was confirmed the crude carrier had been hit by an external force and a specialist on military attacks has been asked to help investigate damage to the 1,100-foot vessel laden with oil for Japan.

“What we know is some collision happened. We don’t know what it was,” said Captain Mousa Mourad, general manager at the UAE port of Fujairah.

See also:
Rogue Wave Is Suspected in Mideast Tanker Blast
Official: Wave not likely cause of Gulf ship blast
Plot thickens over tanker explosion
Cause of explosion on Japanese tanker in Hormuz remains unclear
Damaged oil tanker may have hit a mine
Mitsui O.S.K. Oil Tanker ‘Blasted From Outside’
Giant Supertanker Suffers Mystery Explosion
Japanese supertanker was in collision-official
Japanese tanker was damaged in collision, UAE official says
Japanese tanker may have hit submarine
Oil tanker ‘attacked’ off Oman
Mystery of Japanese tanker damage probed
Questions Swirl About Damaged Japanese Tanker
Oil Tanker Sails Back To Fujairah After Accident
Causes behind Oil Tanker, M. Star incident still mysterious
Japanese Supertanker Explosion Occurred Outside the Strait of Hormuz

A rogue wave sounds unlikely, at least to me. If it was an explosion, shouldn’t there be more discoloration and shrapnel marks or penetration, instead of just a big dent? And looking at the dent, if it was a collision with a submarine, the submarine would have had to be fully or at least partially surfaced. Why wouldn’t the M Star have seen it and where’s the damaged submarine?

/beats me, I have no idea

Two Months Later And Still Waiting . . .

Hop in my Chrysler, it’s as big as a whale and it’s about to set sail!

Testing? We don’t need no stinkin’ testing, either the damn thing works or it doesn’t, get on with it!

‘A Whale’ mega-skimmer arrives in Gulf of Mexico, testing begins

The modified ship is being hailed as the “world’s largest skimming vessel” and is being tested in waters north of the oil spill to see if it can safely skim 21M gallons of oil per day.

The 1,100-foot long tanker, called “A Whale,” was designed to carry iron ore and crude oil. However, according to ABC News, after hearing about the oil spill in the Gulf of Mexico, “the owner of the ship, mysterious Taiwanese billionaire Nobu Su, ordered his engineers to cut vents in the bow and redesign the tanks inside, creating the largest skimming vessel in the world.”

The offer by Nobu Su and his company, TMT Shipping, was accepted by U.S. government officials on the condition that tests be conducted to see if the modified ship will work for skimming purposes. As mentioned in the video above, “this type of retrofitting has not been done before.”

According to ABC News, Adm. Thad Allen, the national incident commander, said, “We’re anxious to find out how effective it will be. But it is a very large ship that’s been converted to be able to recover oil, and we’ll see how it goes.”

CNN reports that the A Whale arrived in the Gulf of Mexico on Wednesday and testing took place Saturday and Sunday. Initial test results are expected on July 5.

See also:
Gulf oil spill update: A Whale skimmer test continues, oil pushes into Louisiana marshes (pictures)
World’s largest skimmer finally arrives in Gulf, but still needs federal approval
Largest skimmer in the world must be deemed ‘effective’ by the federal government before it’s allowed to help with oil clean-up
‘A Whale’ skimmer enters gulf oil spill cleanup
EPA Administrator “Would Not Go Into the Water Today” as Oil Skimmer Attempts to Clean Oil from the Gulf
BP Oil Spill Live Updates: A Whale Skimmer Launched to Solve Problems
A Whale continues skimming operations
‘A Whale’ Supertanker Oil Skimmer Offers Hope for Gulf Spill
Today Makes Tomorrow (TMT)

So let me see if I understand this correctly. We have a giant oil skimmer that can theoretically clean up the Gulf in a week, but the EPA is withholding permission for it to operate because the EPA is worried that the oil laden water that the A Whale scoops up might somehow magically come out on the other end less environmentally friendly, is that it? GOOD GOD, HOW CAN THE A WHALE MAKE THE WATER ANY WORSE THAN IT IS NOW? WHAT KIND OF OBAMA ABOMINATION OPERATION ARE WE RUNNING HERE ANYWAY?

/hello, are there any sane adults in charge here?

What Does A Persian Have To Do To Get An Ass Kicking Around Here?

Iranians accused of seizing Iraq oil field

Iraq was last night seeking a diplomatic solution to what it said was an incursion of Iranian troops who crossed into its territory and occupied an oilfield on Thursday night.

The incursion, which Iran denies, raised the spectre of another confrontation between the two neighbours who fought a war from 1980 till 1988, partly caused by Iraqi claims of Iranian trespassing. Yesterday Iraq demanded that the troops withdraw, but after an emergency meeting of its national security council it said the two countries have begun negotiations to resolve it.

Since the last PoWs were exchanged in 2003, the Iraqi government, now headed by Nouri al-Maliki, has generally enjoyed good relations with Tehran. But the Iranian regime has been watching with keen interest the award of massive oil contracts across the border, and the incursion is seen as a strategic step to establish its claim in a disputed border area which is also rich in petroleum potential.

The Baghdad officials say the Iranians have “trespassed” into the al-Fakkah oilfield, one of the largest in the region, which straddles the border between the two countries, three times in the last month. But this time, they are said to have pulled down the Iraqi flag and raised their own.

Both countries claim that the No 4 well, the most productive in the field, belongs to them. “As well as the flag, they have also dug a trench around the oil well and deployed armoured cars,” said Brigadier-General Dhafir Nadhmi of the Iraqi army. “They have taken control of the field. We are waiting for orders from our government.”

In Baghdad, Mr Maliki called on fellow Iraqis to remain calm and insisted his government would not resort to military action at this point. But he also convened an emergency meeting of the country’s National Security Council, and additional units of border security guards were moved forward towards the oilfield.

In Tehran, Iran’s semi-official Mehr news agency later quoted the National Iranian Oil Company, saying: “The company denies Iranian soldiers taking control of any oil well inside Iraqi territory.” But Iraq’s deputy foreign minister, Mohammed Haj Mahmoud, said: “This move by the Iranians took place at around 3.30pm. We are co-ordinating with the Oil Ministry on this. This is not the first time that the Iranians have tried to prevent Iraq from investing in oilfields in border areas. We might summon the Iranian ambassador to discuss this issue.”

The Iranian action led to oil prices rising on the international markets. In Washington the State Department said that although the Iranians have crossed the border before, they had never ventured this far forward, and the move was a “matter of concern”. No American troops are in the area.

See also:
Iraq says Iranian troops seize oil well near border
Iraq-Iran in oilfield dispute
US: Iraq not ‘pushed around’ by Iran
Iran seizes oil well in Iraq near border
Iran: Oil field is ours, not Iraq’s
Iran Claims an Oil Field It Seized
Iran acknowledges oil well takeover
Iraqis say oil well still being held; Iran denies claims
Iranian Forces Occupy Iraqi Fekka Oilfield, Iraqi Government Demands Iranian Withdrawal
Iraq official confirms Iran incursion in oil area

Gee, Iran causing international trouble, imagine that. How much more of this [expletive deleted] are we going to tolerate?

/I’ve said it before and I’ll say it again, regime change in Iran would solve 80% of the world’s problems overnight