Potted plants

CaptHenway

.

derryb

Gold likely to follow.

Hemispherical

Trying to get a coin in...

Prices for some PMs will likely go up. Don’t mind if gold goes up, need to divest a few Au coins.

——-

“RIYADH/DUBAI/LONDON (Reuters) - Yemen’s Iran-aligned Houthi group said it attacked two plants at the heart of Saudi Arabia’s oil industry on Saturday, knocking out more than half the Kingdom’s output, in a move expected to send oil prices soaring and increase tensions in the Middle East.”

https://www.reuters.com/article/us-saudi-aramco-fire-idUSKCN1VZ01N

—————
—————
1942forever?

bolivarshagnasty

Shouldn't be more than a temporary ripple based on the news story I read. Will affect less than 5% of world oil production. Other producers will be glad to step in and take Aramco's slice.

AUandAG

Saudi's produce about 10% of the world's oil (I always thought it was more but that it was was reported). I don't think prices should fluctuate much if any as our reserves are excellent and the Saudi's said they would be back to normal on Monday....we'll see.
If they go up it's all greed (of course it probably is that anyway, 'eh?).

bob

BLUEJAYWAY

At first I thought this was another one of those "gassed slabs" toning threads.

Weiss

Did someone say OT and ARAMCO?

jmlanzaf

They say that most production will be back up by Monday. Had this happened when markets were open, it would have been a wild ride.

kbbpll

It always amazes me how these things hit the pump price immediately. It's not like whatever's in that underground tank cost them any different than yesterday. But I use my old Economics textbook as a shim for a bike trainer, so...

Barndog

Would be a great false flag type of exercise

Hmmm

topstuf

@Weiss said:
Did someone say OT and ARAMCO?

Thank you. I was waiting for that one.

PerryHall

How will this attack impact the price of gold?

batumi

Heads will be literally rolling.

ricko

Monday should be interesting, though the futures are still in the green...not by much. Cheers, RickO

Hemispherical

Oil 2018 data (est):

4500Mt produced worldwide

583Mt by Saudi Arabia (SA)

5% of world supply is 225Mt

225Mt of 583Mt is 38.6% of SA production

Nearly 40% of SA capability is affected.

Not going to be fixed by Monday, regardless of the “news.”

Give it a month or two.

jmlanzaf

@ricko said:
Monday should be interesting, though the futures are still in the green...not by much. Cheers, RickO

@ricko said:
Monday should be interesting, though the futures are still in the green...not by much. Cheers, RickO

I> @ricko said:

Monday should be interesting, though the futures are still in the green...not by much. Cheers, RickO

Those are Friday's numbers. The future markets are closed

ricko

You are correct... where is the 'embarrassed' icon? Cheers, RickO

Desert Moon

Just being hyped up to raise the price of oil so that the companies can max profit. That is what we are for, to pay for goods so that the very rich can live well.

LanLord

I only have to fill my gas tank every 3 or 4 months and fortunately, I still have about 2/3 of a tank.

I hope the prices stablize by around November or December.

Coinstartled

Good time to put some gold eagles in the Apmex cart before the futures open.

Goldminers

Metal pricing opens in 3 hours overseas. Will be interesting to see what the automatic computer programs do to the markets.

DIMEMAN

In shouldn't affect us as we have enough oil in the U.S. to be totally independent from foreign oil. But you know how that works!

Coinstartled

@DIMEMAN said:
In shouldn't affect us as we have enough oil in the U.S. to be totally independent from foreign oil. But you know how that works!

great that we are finally self sufficient and little of the Mideast oil ever made it to our shores. Most was from Mexico, Canada and S America.

Still a world market though and if a substantial quantity goes offline, prices will increase.

bidask

Hotdiggity for oil stocks !

ReadyFireAim

This group has taken responsibility. (called Houthi)

Their motto is...(as seen on their flag)
"God is great, death to the US, death to Israel, curse the Jews, and victory for Islam"
Kinda long but I guess it works for some people.

DIMEMAN

What a bunch of THUG's!!!!

jmlanzaf

@ReadyFireAim said:
This group has taken responsibility. (called Houthi)

Their motto is...(as seen on their flag)
"God is great, death to the US, death to Israel, curse the Jews, and victory for Islam"
Kinda long but I guess it works for some people.

I'm sure it loses something in the translation.

PerryHall

I can't imagine this attack going unanswered. Perhaps that's when gas prices will go up.

Desert Moon

From CNN:

'Oil prices have recently been low. Brent, the global benchmark, closed at $60.22 per barrel on Friday. The price closely followed in the United States, known as WTI, closed at $54.85.
Saudi Arabia, the world's largest oil exporter, had cut back on production of crude and other energy products as part of an OPEC effort to boost prices. The kingdom produces approximately 10% of the total global supply of 100 million barrels per day.
Other analysts expect a smaller oil market rally in the short term. "A small $2-$3 per barrel premium would emerge if the damage appears to be an issue that can be resolved quickly, and $10 if the damage to Aramco's facilities is significant," Ayham Kamal of the Eurasia Group said in a research note.
Two other analysts told CNN Business they believe prices could jump $15 per barrel because of the amount of Saudi oil affected by the attacks.'

Even $15 per barrel is not that much of an affect on gas prices.

With respect to the Houthi - they are freedom fighters for Yemen - right now the Saudi's have occupied Yemen and closed off all aid so there is a major humanitarian crisis ongoing because 10s of millions of folks in Yemen are starving to death. You can help if supplies can get in:

https://secure.unicefusa.org/donate/help-yemen’s-children/34863?utm_campaign=20190801_Monthly&utm_medium=cpc&utm_source=google&utm_content=yemenmonthly1&ms=cpc_dig_2019_Monthly_20190801_google_yemenmonthly1_delve_E2001&initialms=cpc_dig_2019_Monthly_20190801_google_yemenmonthly1_delve_E2001&gclid=EAIaIQobChMIs8b8pdrT5AIVXR-tBh3zDwyKEAAYASAAEgLUqfD_BwE

Who knows what their message above says - anyone here read their language? From their perspective that when they see their country folk starving to death in the millions via Saudis, a regime backed by other countries including US, I can imagine they may be a abit upset at US government. Just sayin' Does it really help their case to blow up oil refineries? Probably not, but desperate people will do what they can.

PS these boards are supposed to be numismatic, I merely responded because of the RW misinformation. Now can we go back to what these boards are supposed to be about?

Best, SH

AUandAG

Same as yesterday here in Vegas.....filled up at $3.05 Saturday and same just now.

bob

Insider2

@LanLord said:
I only have to fill my gas tank every 3 or 4 months and fortunately, I still have about 2/3 of a tank.

I hope the prices stablize by around November or December.

Try three times a week with the top grade.

CaptHenway

Gold opened up $15 in overseas markets. Let’s see what it does from there.

MilesWaits

This photo highlighting golds rise over the attacks on Saudi Arabia could be much improved (the contents):

https://fm.cnbc.com/applications/cnbc.com/resources/img/editorial/2013/04/23/100665307-106658224.530x298.jpg?v=1487901376

MasonG

Since Friday, gas down 4 cents/gal. here.

CaptHenway

Close to Midnight Sunday. Looks like gold peaked at around +$20, and is about +$14 at the moment.
According to money.cnn.com the Dow futures are down 122.
Nothing drastic on either one, really.

Tibor

Filled up at $2.19 regular.

jmlanzaf

@CaptHenway said:
Close to Midnight Sunday. Looks like gold peaked at around +$20, and is about +$14 at the moment.
According to money.cnn.com the Dow futures are down 122.
Nothing drastic on either one, really.

No. Oil was another matter. Up as much as $8.50 per barrel, currently about +$5 on HUGE volume. 500 million barrels traded overnight in CLV alone.

TwoSides2aCoin

The lead singer from "The Cars" passed away, too. (RIP)
Likely no impact on automobile prices ?

jmlanzaf

@TwoSides2aCoin said:
The lead singer from "The Cars" passed away, too. (RIP)
Likely no impact on automobile prices ?

And Eddie Money...
Likely no impact on the value of Money?

oih82w8

Death travels in three's...sadly.

SaorAlba

The retribution is going to be what really drives prices up.

ctf_error_coins

https://youtu.be/BZhfFXEMMI4

PerryHall

@SaorAlba said:
The retribution is going to be what really drives prices up.

The US and the Saudi's will put together a coalition and all hell will rain down on Iran. This terrorist attack can't go unanswered.

AUandAG

Got it for $3.05 day before yesterday and decided to fill the other one today: at $2.93.

24-48 hour hype....day traders made out

bob

derryb

@DIMEMAN said:
What a bunch of THUG's!!!!

the oil guys?

shorecoll

If you believe that group pictured pulled off a coordinated drone and cruise missile strike in SA, I have several bridges to sell. Go gold (for you guys, I still don't like gold).

ctf_error_coins

@derryb said:

@DIMEMAN said:
What a bunch of THUG's!!!!

the oil guys?

Yes, the oil thugs killed a journalist living in the United States of America and working for the Washington Post.

DIMEMAN

@ErrorsOnCoins said:

@derryb said:

@DIMEMAN said:
What a bunch of THUG's!!!!

the oil guys?

Yes, the oil thugs killed a journalist living in the United States of America and working for the Washington Post.

I'm talking about the terrorist whoever they are!

derryb

Not the affect on oil that was expected.

derryb

things are not always as they seem to be.

ctf_error_coins

@DIMEMAN said:

@ErrorsOnCoins said:

@DIMEMAN said:

@ErrorsOnCoins said:

@derryb said:

@DIMEMAN said:
What a bunch of THUG's!!!!

the oil guys?

Yes, the oil thugs killed a journalist living in the United States of America and working for the Washington Post.

I'm talking about the terrorist whoever they are!

What is your definition of a thug? Terrorist?

Cutting up a journalist working and living in the USA or a high tech attack using jet-powered drones on the nation-state that ordered the killing of that journalist?

I think everyone here knows what a terrorist is. Just remember 9/11/01. I know that in a PM to me months ago you said that wasn't a big deal...…..but to the rest of us it was a VERY VERY VERY BIG DEAL!!!

You have been reported and flagged for lying about a Personal Message. I will not discuss the trash you sent me in the first place.