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Oil Prices Rise Following Attacks On Two Oil Tankers Near Iran

Frankfooter

dangling member
Apr 10, 2015
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It is very sad that this Whitehouse is no longer trustworthy. They have a President who constantly lies and no one can take him seriously any more. The exceptions are the usual right wingers on this Board!!
Trump has tweeted previously that he thinks presidents start wars when they lose popularity.
Donald J. Trump
✔
@realDonaldTrump
Polls are starting to look really bad for Obama. Looks like he'll have to start a war or major conflict to win. Don't put it past him!
Latest polls show the dems killing Trump.

There was some talk that Trump was going to fire Bolton, that Bolton was going too far and Trump didn't want war.
https://www.trtworld.com/opinion/tr...lton-and-engage-international-mediators-27432

But then these latest polls came out and Trump started threatening again.
 

basketcase

Well-known member
Dec 29, 2005
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Just a bunch of nonsense. Why would Iran block the Strait of Hormuz and stop the transport of their own oil, of which their economy is strongly dependent?...
Because they 1) have limited oil sales due to US sanctions and 2) have ports on the Indian Ocean. There is also the fact that in the modern world, it is very easy to know the origin and destination of specific ships so there is absolutely zero risk of Iran accidentally hitting a tanker of oil they sold.
 

basketcase

Well-known member
Dec 29, 2005
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...

This is a blatant false flag operations, aimed specifically at disrupting the Japanese PM's visit to Iran....
...is looking like an attack that would be carried by an adversary to derail the talks. ....
Love how conspiracy theories have somehow substituted themselves as facts.

p.s. the Brits who haven't supported Trump's actions on the deal also say they have evidence it was Iran.
https://www.washingtontimes.com/news/2019/jun/14/uk-backs-us-assessment-iranian-role-tanker-attack/
 

basketcase

Well-known member
Dec 29, 2005
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...

The 23 crew members are now being held in Iran. It’s not immediately clear what the next steps are....


Locking up the victims is hardly a good indicator of innocence.

p.s. to combat the allegations of this just being right wing propaganda by fox , it is also reported by left wing Guardian.
 

doggystyle99

Well-known member
May 23, 2010
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Love how conspiracy theories have somehow substituted themselves as facts.

p.s. the Brits who haven't supported Trump's actions on the deal also say they have evidence it was Iran.
https://www.washingtontimes.com/news/2019/jun/14/uk-backs-us-assessment-iranian-role-tanker-attack/
No conspiracy here just the facts. You can love what you want, but it is a fact that it is in the best interests of Saudi Arabia and Israel to derail the talks between Iran and Japan as Iran poses a significant threat to both of those regimes.

As I said in another thread many fools bought into the WMD lie spread by the United Sates, Israel, and Britain and this is no different as many are primed for it.
BTW the Japanese ship owner and the crew on board of the Japanese ship contradict the Americans and Britain's account of what happened.

https://japantoday.com/category/nat...ilors-saw-'flying-objects'-just-before-attack

But hey we know the American's and the British don't manufacture information for their own self perservation.
 

doggystyle99

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May 23, 2010
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The 23 crew members are now being held in Iran. It’s not immediately clear what the next steps are.

https://www.foxnews.com/world/tanke...-being-rescued-by-another-vessel-us-officials


Locking up the victims is hardly a good indicator of innocence.
p.s. to combat the allegations of this just being right wing propaganda by fox , it is also reported by left wing Guardian.
Incorrect information as usual
But not surprising coming from you two posters.

Directly from the Japanese ship operator yesterday.

"All 21 Filipino crewmembers of the vessel were rescued and were now on a U.S. warship."

https://japantoday.com/category/nat...ilors-saw-'flying-objects'-just-before-attack
 

doggystyle99

Well-known member
May 23, 2010
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What facts do you have that show that it was Israel/Saudi Arabia that attacked these tankers. This should be interesting.
What facts do you have that shows it was Iran who attacked these tankers. Other than American and British reporting that is in contradiction of the Japanese??
This should be really interesting.

https://japantoday.com/category/nat...ilors-saw-'flying-objects'-just-before-attack

Re read what I wrote and see if you can understand it. Because no where do I say there are facts or anything showing Saudi Arabia or Israel were responsible for this attack. I said "It wouldn't surprise me one bit"
All we have right now is Americans saying one thing and the actual Japanese ship operating company owner and crew saying the opposite. You've clearly picked the Americans side already because clearly the Japanese who were on board of the ship and the Japanese government are not to be trusted and their account of the story is incorrect as the Americans and the British know better than the crew on what happened.
 

Frankfooter

dangling member
Apr 10, 2015
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What facts do you have that show that it was Israel/Saudi Arabia that attacked these tankers. This should be interesting.
The only facts so far is that the US account has been deemed false by Japanese witnesses.

That it happens while Bolton has been on a warmongering tour to drum up support makes it suspicious.
 

doggystyle99

Well-known member
May 23, 2010
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What facts do you have that show that it was Israel/Saudi Arabia that attacked these tankers. This should be interesting.
Basketcase I've asked you about the following statement from Shapeup a while back meanwhile he was defending Zeibetter but never got an answer from you or Shapeup.
You and your buddy Shapeup where did you get your facts from?

"Let me remind you, not because I'm backing up Z but because I never forgot and I was just talking about this a few months back with Basketcase. During one of the Israel threads you were banned because you hoped that the "Jews would go back to the concentration camps". Wigglee agreed with you and he was also banned but for a shorter time than you. Pure antisemitism."

https://terb.cc/vbulletin/showthrea...rshippers!-(&p=6396300&viewfull=1#post6396300
 

wigglee

Well-known member
Oct 13, 2010
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What facts do you have that show that it was Israel/Saudi Arabia that attacked these tankers. This should be interesting.
The only evidence I have so far is that the usually left leaning basketcase suddenly becomes an extreme rightwinger whenever Israel is mentioned....LOL
 

onthebottom

Never Been Justly Banned
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Tanker Attacks Don’t Alter The Bearish Oil Trend

By Editorial Dept - Jun 14, 2019, 1:00 PM CDT

U.S. West Texas Intermediate crude oil futures are set to close lower for the week as demand concerns continue to outweigh rising geopolitical tensions in the Middle East. Furthermore, the OPEC-led supply cuts remain in place and the cartel and its allies are close to approving an extension of this move to offset production, trim the excess global supply and stabilize prices. However, this news has not been able to stop the selling pressure or shift the bearish investor sentiment.

Government trading data confirms this assessment with the Commodity Futures Trading Commission (CFTC) showing hedge fund managers continued to liquidate long positions at the fastest rate since the fourth quarter of 2018 due to rapidly increasing fears about a global economic slowdown.

Although there was a spike to the upside in reaction to the attacks on two tankers in the Strait of Oman, the trade this week was mostly dominated by worries over rising U.S. stockpiles and lower global demand.

Prices Pressured Wednesday by Bearish Government Report

A bearish U.S. government report drove price sharply lower on Wednesday.

The U.S. Energy Information Administration (EIA) on Wednesday reported crude stockpiles rose unexpectedly for a second week in a row, climbing 2.2 million barrels the week ending June 7. Traders were looking for a drawdown of about 481,000 barrels.

U.S. stockpiles now stand at 485.5 million barrels, the highest level since July 2017. This is 8% above the five-year average for this time of year.

EIA Report Signals Weaker Demand

Selling pressure was also fueled by a report from the U.S. Energy Information Administration (EIA) that showed a forecast for weaker 2019 world oil demand growth and U.S. crude production.

“Demand-side concerns became the most salient issue during the past month and contributed to volatility and price declines for risk assets such as commodities and equities,” EIA said in its Short-Term Energy Outlook.

The report went on to say the US/China trade conflict, potential US tariffs on Mexico and lower industrial activity have contributed to concerns “that economic growth could be lower than market participants’ expectations, which would cause oil demand growth to also be lower than expected.”

The EIA also trimmed its outlook for US oil production. It sees 2019 output averaging 12.32 million barrels per day, down 130,000 b/d from last month’s outlook, and 2020 output averaging 13.26 million b/d, down 120,000 b/d from last month.

The EIA report also predicts U.S. oil production will first hit 13 million b/d in January 2020, two months later than it projected in last month’s report.

IEA and OPEC Also Bearish on Demand

Sellers also responded to another report from experts, calling for lower future demand. The International Energy Agency (IEA) cut its demand growth forecast for 2019 by 100,000 barrels per day (bpd) to 1.2 million bpd, due to worsening prospects for world trade. However, this news was somewhat softened after the IEA said demand growth would climb to 1.4 million bpd for 2020.

On Thursday, OPEC cut its 2019 forecast for growth in global oil demand even lower than the IEA, to 1.14 million bpd.

Weak Data from China Continues to Raise Concerns

China’s industrial output growth slowed to a more than 17-year low of 5% in May, well below expectations, in the latest sign of weakening demand in the world’s second-largest economy as the United States ramps up trade pressure.

Fixed-asset investment also grew less than expected, official data showed on Friday, reinforcing expectations that Beijing will need to roll out more growth-boosting measures soon.

Tanker Attacks Cause Volatile Response

Oil prices jumped on Thursday, reversing the previous session’s weakness after two tanker ships carrying refined petroleum products were attacked in waters close to Iran. Since there was no major supply disruption or an escalation of military activity in the region, the short-covering rally fizzled and there was no follow-through to the upside on Friday.

The story is not about the two tankers that were attacked, it’s about the one-third of all global seaborne oil ships that travel through the Strait of Hormuz where the attacks occurred. Therefore, we may continue to see attacks, but until there is a military response to the news, which would lead to actual supply disruptions, any gains are likely to be limited. Over the long-run, a direct U.S.-Iran conflict would likely lead to the shutdown of the Strait of Hormuz. This poses a higher risk of oil-supply disruption, which could lead to sharply higher prices.
 

onthebottom

Never Been Justly Banned
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Conil

Well-known member
Apr 12, 2013
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Incorrect information as usual
But not surprising coming from you two posters.

Directly from the Japanese ship operator yesterday.

"All 21 Filipino crewmembers of the vessel were rescued and were now on a U.S. warship."

https://japantoday.com/category/nat...ilors-saw-'flying-objects'-just-before-attack
You should've looked more into it. You seem to crave a lot of attention. LOL


According to Reuters, the crew of the Front Altair consisted of 11 Filipinos, 11 Russians, and one Georgian. Frontline, the firm that operates the Front Altair, told Reuters that all 23 crew members "were transferred to an Iranian navy vessel and disembarked at a local Iranian port. It is understood they are now being transferred to Bandar Abbas."

The Kokuka is reportedly adrift at sea, is carrying methanol, and is not considered in danger of sinking, according to the ship's operator BSM Ship Management. The USS guided-missile destroyer USS Bainbridge was dispatched to the scene after the U.S. Navy received distress signals from the two tankers.

The crew of the Kokuka was then transferred to the USS Bainbridge said a spokesman for the U.S. Central Command, reported AP.

https://www.taiwannews.com.tw/en/news/3724000
 

doggystyle99

Well-known member
May 23, 2010
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I love the tactic, completely avoid the question because you know you have absolutely zero facts to support your conspiracy theory.
Read post 28 I already answered the question.
Meanwhile you have numerous times avoided the following question because you and your buddy Shapeup are full of crap as usual.

Basketcase I've asked you about the following statement from Shapeup a while back meanwhile he was defending Zeibetter but never got an answer from you or Shapeup.
You and your buddy Shapeup where did you get your facts from?

"Let me remind you, not because I'm backing up Z but because I never forgot and I was just talking about this a few months back with Basketcase. During one of the Israel threads you were banned because you hoped that the "Jews would go back to the concentration camps". Wigglee agreed with you and he was also banned but for a shorter time than you. Pure antisemitism."

https://terb.cc/vbulletin/showthrea...rshippers!-(&p=6396300&viewfull=1#post6396300
 

doggystyle99

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May 23, 2010
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Which is far more than what you've presented.
You purposely left out the rest of my statement. Here is the full statement with the most important part highlighted.

"What facts do you have that shows it was Iran who attacked these tankers. Other than American and British reporting that is in contradiction of the Japanese ship company based on the facts from the crew on board the ship"
 
Ashley Madison
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