Bending the Third Rail
Because We Should, We Can, We Do
Friday, February 24, 2006
Hellfighters UPDATED
Like a scene out of John Wayne's "Hellfighters":
CAIRO, Egypt - Suicide bombers in explosives-laden cars attacked the world's largest oil processing facility Friday, but were prevented from breaking through the gates when guards opened fire on them, causing the vehicles to explode, officials said.

The Saudi oil minister said the blast "did not affect operations" at the Abqaiq facility, denying an earlier report on Al-Arabiya television that the flow of oil was halted briefly after a pipeline was damaged.
Eventually, if the tensions in the Middle East continue on the current trajectory, they'll infilitrate and be successful in an attack on a major oil facility.

Terrorist don't have to attack the U.S. to, ... well ... attack the U.S. A successful operation against one of these facilities would cause some serious pain for those S.U.V. drivers, and unfortunately everyone else too.

I also want to add that oil went up $2/barrel on this news and on the disruptions in Nigeria. Welcome to peak oil. Given the chronic weakness in the supply chain due to the decline in oil availability, disruptions will increasingly cause price instability and supply instability.

UPDATE: As one commenter on the blog, The Oil Drum, mentioned, "a failed attack = 3% price increase, a successful attack = ?"

Ah... yeah. Good point!
Written at 8:59 AM by Greyhair.
1 comments
1 Comments:
Blogger Lynne said...
With Bush in office we really don't need the threat of terrorists. What's the deficit now? Over $700 billion?
1:00 PM  
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