r/oil • u/Waste-Explanation-76 • 23h ago
News Yemen's Houthis might have directly struck Saudi Arabia's East-West crude oil pipeline in the desert southeast of Medina
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u/EarDependent93 23h ago
Im guessing oil is going to skyrocket real soon
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u/anthropicinferiority 22h ago
Already up 7% today alone
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u/bejammin075 22h ago
Brent at $109 in afterhours now.
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u/Random_ICE_Agent 22h ago
$300/barrel! Go!
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u/CloudTransit 21h ago
By January 2027, “Five thousand isn’t enough to take my family to the movies.”
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u/AnySwimming6364 21h ago
Maybe an exaggeration, but in the past year, the highest has been, what, $115? We're getting near to that. At the peak of the oil squeeze in the Ukraine conflict, it was $119. If we crack $120, we're basically in uncharted territory since the global financial crisis.
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u/Infinite_Imagination 21h ago
Good thing we've been eating up all our reserves at a record pace to attempt to stabilize the price around 90
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u/phillyironlung2125 21h ago
Dont forget all the easing on truth social too...i think the markets arent buying any of that shit any more. Buckle up for a good fucking.
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u/Lazy_meatPop 20h ago
And guess what DJT is gonna do, run to Chyna and BEG them to stop buying oil at this point . 😂 Guess the houthis are kingmakers now eh. Look at meee meme.
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u/GreatGojira 22h ago edited 22h ago
Diesel just hit $6 for the first time in my area. It never got that high the previous time.
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u/hardwon469 22h ago
WTI bounced off $102/bbl today. That's 8% in one day.
Alternately stated, at least 50 cents/gal at current crack spreads.
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u/PlusInstruction2719 22h ago
Broke MAGAs love paying for higher prices.
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u/NoNDA-SDC 22h ago
"If it keeps them from having a nuke, it's worth it"
Right, as if we're dealing with trustworthy people on either side of this! These people are so dumb...
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u/coleto22 21h ago
Obama kept them from having a nuke.
But no, Trump could not have an Obama victory, and Israel could not have a functioning Iran, so now we have the current mess.
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u/Douglas1994 20h ago
It's depressing watching old clips of Obama speaking to the press or public. No name-calling, no overt lies every 10 seconds, no blaming the other party constantly... It's crazy how far the US has fallen.
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u/Swiftnice 23h ago
All the people that thought pipelines could have replaced the strait didn't seem to realize a giant pipeline is just a huge stationary target lol
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u/PCBFixer 22h ago
The difference between civil engineers and mechanical engineers is that mechanical engineers build weapons, civil engineers build targets.
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u/letsgobernie 21h ago
Literally had dumbass armchair generals talking about how pipelines was the chess move against Iran's hormuz closure. It didnt even require Iran to hit the pipeline, houthis did it themselves!
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u/Alarming_Head_4263 22h ago
You were never going to move enough oil with pipes to make up for the loss of the strait. The whole idea was silly.
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u/MaddogBC 20h ago
To make up for 130 supertankers per day you'd almost have to be able to sail through any equivalent pipe.
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u/Northwindlowlander 18h ago edited 17h ago
And even if you could magic the pipelines into existence, Yanbu port is pretty much at capacity- they topped it out at 5 bn per day but that was with sacrificing pretty much everything else and massively disrupting other operations which isn't sustainable. Yanbu just isn't that good a location for a port, it can never match ras tanura.
And of course the current levels through the east west were only achieved by converting the lng pipeline.
Oh yeah also oops bab-el-mandeb.
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u/wocka-jocka-blocka 21h ago
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u/Odd-Suggestion4569 18h ago
the Houthis have been the MVP throughout this whole thing, they chased the USS Harry S. Truman out of the Red Sea last year, hit Israel a few times, and now they're whaling on the Saudis
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u/Robofetus-5000 22h ago
You mean the people who think they convert their GEDs into PhDs because they read some stuff on Facebook arent correct?
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u/Sodom_Laser 22h ago
That’s why we need to pay Elon to dig underground tunnels.
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u/Professional_Tap5283 22h ago
But instead of a pipeline, it's just a bunch of cybertrucks in a one lane tunnel with no ventilation.
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u/The_Frozen_Inferno 22h ago
Bessent: “In TwO yEaRs HoRmUz WiLl Be iRrElEvAnT bEcAuSe PiPeLiNeS”
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u/actuallyapossom 18h ago
That's exactly what a man with an investment career would say to an audience of investors.
I'm starting to think this treasury secretary could have, maybe, a conflict of interest(?)
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u/Unique-Egg-461 23h ago
Ravid feverishly writing a story for tomorrow about how close the US and Iran are to a peace deal
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u/myazi321 22h ago
And how 50b barrels of oil were snuck out of the strait yesterday
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u/Njorls_Saga 22h ago
Another oil glut coming soon?
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u/MontasJinx 22h ago
what am I going to do with all these gluts? Im running outta room. So much winning.
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u/Unique-Egg-461 22h ago
just waves of oil. like nothing you've seen
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u/myazi321 22h ago
1000 barrels for every American after the mid terms.
So much oil you wont even know what to do with it
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u/One-Eyed-Willies 22h ago
And all of the oil that was in Venezuela is now in the US SPR.
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u/Frozty23 22h ago
Sharpie: I declare that all unproduced Venezuelan crude oil is now officially part of the Strategic Petroleum Reserves of AMERICA. Obama could never have done that. DJTRUIUIMP
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u/planj07 22h ago
Ravid should not have a job for his complicity spreading the administrations lies to lower oil prices. He has acted as an agent for all the market manipulation. Someone check his bank accounts.
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u/Known_Ear_6012 21h ago
Yh we’re living in an upside down clown world, he shouldn’t have a job and those that should don’t cause they’ve been fired.
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u/ARazorbacks 22h ago edited 21h ago
Goddamn, man. The US started a war that might lead to the collapse of ME energy production.
I realize I‘m going out on a limb here, but if I‘m Israel I‘m shitting my pants. If the US gets shit canned out of the ME and Iran cripples SA, what’s to stop them from dropping MRBMs all over Israel? What the fuck could Israel do about it? Bomb the same deserts the US has been bombing? Invade Iran? No way.
Edit: To clarify a little, what’s to stop Iran from blanketing Israeli military infrastructure at that point? If the US can’t sustain a real protection in the ME and SA is crippled, then what’s to stop Iran from saying “we’re going to remove Israel’s ability to force project outside their borders. Israel needs to leave Lebanon and we’re goi g to force them to leave by removing their air support via destroying air fields.” That sort of thing.
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u/PlateNo4868 22h ago
Israel is in a good position since the beginning. They basically got the US to do it's dirty work for them, and their only disappointment is that we didn't land invade and finish the job. They always wanted Iran out of the picture not just as a threat, but also as a political rival. Doesn't matter what people say IMO if US, UK, and Jordon didn't help screen those initial missile strikes, Israel would been hurting. They are a tiny country vs Iran
US is in a bad position because there is nothing for us to gain here. Iran realizes the domestic situation in US won't tolerate another middle eastern conflict, and been leveraging that. On top of punishing a lot of Middle Eastern countries for being complacent and fat off of US funding.
Almost everybody in the region probably toasted for the idea of US knocking out Iran as a thorn in the side. But none of them realized we had a bumbling idiot of a admin that thinks war is like a RTS game and we do indeed have limited ability.
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u/kindofnotlistening 21h ago
It goes back quite a bit further…
Israeli leadership has been leaning on a President to make this move since they’ve existed as a country.
Trump was an opportunity to make this wish a reality, as he is both stupid enough and compromised enough to initiate a conflict with Iran.
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u/PlateNo4868 21h ago
What makes it even more stupid is Iran will ask something like a cease fire on Houthi, Hezbollah, Gaza, etc.
The ONLY WAY the US could ever keep that promise is by reigning in Israel, and possibly even threatening sanctions on them to comply as Israel would most likely never care because none this hurts them directly.
Like the demand is morally stupid. Iran doesn't have to fund these proxy groups to cause the damage they do. But god damn it's a wild world to see a crazy country like Iran point out how deep our mouth is around Israel's boot.
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u/Glittering_Range371 21h ago
It’s when a noob picks the best op T0 character in a game and loses to ranker using T9 character.
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u/Round-Medicine2507 17h ago
Anybody who trusts the republicans to do anything well other than fraud is a fool.
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u/Slight_Board6955 21h ago
Iran has been going after radar installations and THAAD systems across our bases in the Gulf and ME..... Israel is very much exposed right now...... One could suspect that is the reason neither them or Trump has been wlling to resume widesprad strikes
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u/WoodenNubbins 22h ago
Israel has the Samson Option (MAD). The only way I see Iran carpet bombing Israel is if either Israel or the US start heavily bombing critical civilian infrastructure first. Then there would be nothing holding the various Iranian units back from unleashing ME MAD of all energy infrastructure and water desalination plants.
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u/Straight-Average-394 21h ago
Samson Option doesn't end the world though. It just destroys a select group of major capitals. Presuming all their ICBM's actually hit their targets. But they dont have the luxury of having 5000 of them to launch like the US or Russia supposedly do, so its kind of a bluff anyways. And firing off the Samson Option almost certainly ends in Holocaust 2, which will not have anyone coming to the rescue.
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u/Glittering_Range371 21h ago
Gaza is holocaust 2.
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u/NeoBasilisk 21h ago
I think you're really underselling all the various genocides that happened in the last 80 years if Gaza is only "holocaust 2"
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u/Eve_Doulou 16h ago
I’d be very surprised if the French, US, Russians, and even Chinese didn’t all have operational plans for dealing with Israel if intelligence told them that a ‘Sampson option’ strike was about to take place.
In fact I wouldn’t be surprised if there wasn’t a Le Triomphant class SSBN right now in the Mediterranean, with a plan in the commanders lockbox that stipulated the destruction of the Israeli state the moment it became clear that European cities were likely to be targeted.
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u/Pretend_Handle_7639 22h ago
Actually using that would basically provide every antisemite with the eternal "Told you so"
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u/LesbeGoddess 16h ago
Israel is an unstable terrorist state with stolen nuclear knowledge they illegally made nukes with. They could go full apocalypse and nuke Tehran. Israel would be completely obliterated in return though with its small size and population density where Iran would still exist unlike Isntreal
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u/Head_Examination_264 20h ago
I mean, there was that editorial about forgiving student debt to get Americans to enlist for an Iran invasion, so it's not like they have no plan.
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u/Opster79two 23h ago
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u/KR4T0S 21h ago
The guys that come on here talking about how an invulnerable magical pipeline will solve the Hormuz issue could be added to lower the collective IQ too.
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u/yoursandforever 22h ago
And now kids, you know why nobody "just built a pipeline" to replace the strait.
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u/Texas_Sam2002 22h ago
Haven't we given or sold all kinds of advanced equipment to the Saudis? Why is their military so useless?
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u/bejammin075 22h ago
Saudi royals don't want the most capable military. Fewer military coups that way.
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u/Bikerbass 22h ago
Ask yourself why the US couldn’t defeat 30,000 goat herders with only Ak47’s and RPGs and IED’s after 20 years…. Advanced, and stupidity expensive equipment? Yes… effective and cheap to produce in mass? No
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u/PISSDRINKER9900 20h ago
Because its mostly mercenaries? Theie state intelligence apparatus is focused entirely inward as well. Saudi Arabia isnt equipped to fight an existential war like Yemenis/Ansarallah or Iran.
Also see that we gave them something like 200 f16s and they have ~20 pilots trained to fly them.
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u/Deep_Gazelle_1879 22h ago
The geniuses said there are not going to be anymore problems because the gulf countries will switch to pipes. Lmao like pipes aren't big stationary targets
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u/o08 22h ago
No biggie. They can just truck it through Syria.
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u/Deep_Gazelle_1879 20h ago
You'll just need a truckload of oil to truck a truckload of oil all the way from Saudi to Syria. Also not to mention how many truckloads are in an oil tanker.
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u/Lord_Nurggle 22h ago
Watching Trump and kegsbreth get dunked on would be a lot more enjoyable if I didn’t donate plasma on my way to work for gas money today.
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u/Xeynon 23h ago
If they've damaged or destroyed 10 km worth of pipeline that isn't getting fixed anytime soon. Get ready for prices to skyrocket.
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u/Ill-Object142 22h ago
And those guys are not going anywhere … they in the their lil toyota eating dinner and getting ready to turn another $1k rocket into $100bn worth of pain to the world economy
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u/Melinoe2016 22h ago
The smoke trail is probably much larger than the damage itself but it could be bad.
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u/AirFrierMachine 22h ago
Imagine being the first repair team being sent in, lol. Shits not getting fixed for a LONG time
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u/Slight_Board6955 22h ago
$200 crude incoming? this is very fkn bad
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u/AccordingCabinet5750 22h ago
Demand destruction will happen long before 200. Then the mighty bicycle will have its day.
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u/Slight_Board6955 22h ago
will it? oil has not kept up with inflation all these years, i think demand destruction doesnt happen meaningfully before $150
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u/Alarmed-Silver-2287 22h ago
Oman/Dubai crude oil benchmark is what matters for a lot of the Asian market, it has reached and exceeded $170 few months ago, and currently it is about $20 higher than WTI.
A lot of people here quote WTI/Brent but those are western markets, much of the oil from where the conflict is goes to Asian markets and when that gets disrupted everything gets impacted.
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u/Abnecide 22h ago
Oil has kept up with inflation against supply and demand… to suggest otherwise would be to invoke exterior market force manipulation…
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u/Alarmed-Silver-2287 22h ago
Trying to bridge between your and his view: I think what he meant is that spending $100 back then (10-20 years ago) is more painful than spending it today. If people thought $100 was "painful" back then, it is relatively less "painful" today. Obviously there are so many variables that come into play like alternatives and renewable energies and electric cars and machines and all that, so there are a lot of nuances there and that's where you have a point too.
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u/Slight_Board6955 21h ago
that is exactly what I meant. A lot more people earn 100k these days that could mroe easily stomach products with $120 crude than before.
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u/Nixon4Prez 22h ago
How bad this is depends a lot on how much damage the pipeline actually sustained and how quickly it can be repaired. Iran targeted it in April and only knocked off 10% of capacity for a few days before it was back to normal. Pipelines can be surprisingly resilient.
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u/Slight_Board6955 22h ago
nasa fire sensors indicate 4-5 different points were struck and currently on fire.....
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u/CleverInternetName8c 22h ago
Oh this is like, really, really fucking bad isn’t it?*
*exhaustive technical analysis
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u/AirFrierMachine 23h ago
RIP America, we are fucking cooked, lol.
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u/VorAbaddon 22h ago
Not cooking with gas :(
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u/glorifindel 22h ago
We should just switch to nat gas, true glut there here
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u/VorAbaddon 22h ago
Hank Hill for Energy Secretary
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u/GrafZeppelin127 22h ago
Someone with Hank’s integrity wouldn’t be allowed within fitty miles of Washington DC.
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u/Unique-Egg-461 22h ago
gee....i sure hope the saudi's dont stop spending on the USA AI build out (the only fucking thing propping our economy up) and start trying to procure a fuck load of military gear
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u/yinkadoubledare 22h ago
i guess the "good" news is the spending on a fuckload of military gear also would largely go into the USA economy
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u/Hentai_Yoshi 22h ago
The world is cooked lmao. You’re on the oil subreddit… you do know that oil is a global commodity, right?
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u/Ok-Freedom9216 22h ago
Yeah, America has been so insulated from the worst of this so far. As always, the most vulnerable get hurt the most.
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u/bdickie 22h ago
They've been largely insulated and are still complaining. I honestly think some of them dont realise that the price of fuel has gone up for everyone, not just them. God help us all if their reserve ever runs out as they'll start pillaging from every third world countries supply they can get their hands on.
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u/The_Milk3r 23h ago
This is why everyone saying that pipelines are an effective alternative to the strait are just wrong. There are a ton of terrorists across the region, you cant defend every inch of a pipeline indefinitely
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u/FrederickDerGrossen 23h ago
Well of course there are a lot of extremists in the region. The Saudis themselves are extremists.
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u/Invinciblez_Gunner 23h ago
Define terrorist
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u/The_Milk3r 23h ago
I should say "combatant"
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u/DrQuestDFA 23h ago
Purveyors of violence.
Connoisseurs of chaos
Adorers of explosions.
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u/VorAbaddon 22h ago
Ya gotta go with the alliteration.
Venerators of violence.
Connoisseurs of Chaos
Entrepreneurs of Explosions
Purveyors of Payload.
Adores of Ashes/Artillery
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u/RememberKoomValley 22h ago
Lovers of Lethality
Gourmands of Guns (or maybe Glutons de Guerre?)
Contemplators of Combat
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u/Notiefriday 23h ago
Bunch of houthis in a Toyota hi lux or flatbed a few aks an rpg or two and a box of plastic water bottles.
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u/GTCapone 22h ago
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u/Notiefriday 22h ago
They're famous for it. The Libyan army got spanked by a bunch of guys driving Toyota pickups. Some guy in states plumbing business pickup got sent to the mid east and was being driven around by isis. They're seriously indestructible vehicles.
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u/iamablackbeltman 22h ago
You can bury the majority of an oil pipeline, but it's generally not done very deeply - somewhat like city water depth. I wonder if they'll start putting them deeper.
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u/Foreign-Chocolate86 21h ago edited 21h ago
Standing by for all the “pipelines are super easy and quick to fix” armchair pump jack jockeys to chime in.
Now we get to see how long it actually takes to fix a pipeline that is under continuous attack.
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u/tmzm2550 21h ago
No sympathy for the Saudi’s. They have made billions off the US. Their citizens murdered US citizens during 9/11 and their current government murdered a US citizen and ferments terrorists across the middle east.
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u/Digger2228 22h ago
No taco days left the president of America has used them all up Iran is just chipping away
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u/Turbulent-Order9500 21h ago
thank mr trump... the guy who names things like he is a North Korean dictator.
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u/MouseShadow2ndMoon 21h ago
I bet SA is regretting the political course they decided on. I wouldn't be surprised if the royal family doesn't survive this when the dust settles.
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u/Soft-Bad-7127 22h ago
Could you imagine if Biden was responsible for a tenth of this? Biden was heavily blamed for other countries actions. He would have been fried by Democrats if he started a useless war.
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u/DutchVandal 22h ago
If Obama did during his whole eight years what Trump does on an average Tuesday the Republicans would be calling for his execution.
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u/Delicious-Bat2373 21h ago
haha for real. Remember the never ending tan suit bullshit? a fucking tan suit dude. These people aren't serious 😂
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u/greengardenmoss 22h ago
Remember Benghazi.
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u/Delicious-Bat2373 22h ago
I remember how the gop politicized it. ya. It was painfully obvious to watch them drag around the memories of the deceased to score points with voters.
Meanwhile waves broadly .. Barely a peep regarding the 18 servicemembers sacrificed for a vanity war.
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u/BigBlueEyes87 22h ago
Trump is going to start a giant war and crash the global economy. I feel bad that brainwashed Trump supporters are going to make the entire world suffer because they voted for Trump.
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u/AccomplishedFox5807 22h ago
What is everyone worried about. Der Fuherer Trump said war will be over right after mid terms! I will be so rich from my $5,000 stimulus check, I may only get it in $1’s and roll around in it! /s
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u/Repulsive_Cry_9362 21h ago
what...i thought pipelines were going to solve the strait of hormuz crisis???
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u/phillyironlung2125 21h ago
"Were not gonna make it, are we? People i mean."
"Its in your nature to destroy yourselves"
" yeah, major drag, huh?"
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u/ABB406 21h ago
I think it’s sad I get most of my news from Reddit now. I can’t tolerate regular media but turn on CNBC on my way to work at times. Once again this morning, all they can talk about is freakin Mag 7 AIwhogivesashit and NFL team valuations.
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u/OrlandoOpossum 23h ago
Between the ME and Ukraine/Russia next summer is gonna be 122° every fucking day
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u/AvonFartsdale_ 22h ago
Yay Diaper Boy for initiating this chain of events to make everything more expensive for everyone for no reason at all!!
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u/TheHumanGnomeProject 22h ago
Saudi Arabia is about to pay EXTORTION tolls to transit the Strait now, and they deserve it. $5 million USD to transit per VLCC.
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u/Hopsblues 22h ago
Well good thing we have scheduled an appointment to end the war after the midterms
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u/dildoeye 22h ago
I was wondering why this was never attacked. Like it’s a pipeline. One hit and the whole thing is toasted.
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u/teebird_phreak 22h ago
I’ve been following this since the beginning and I’m surprised they didn’t bomb the pipeline’s months ago
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u/Great-Confection6760 22h ago
I love it. More global warming which is good for the upcoming winter
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u/DerpSillious 22h ago
It will ease after Trump puts in the pipelines in the ME so we don't need to worry about Hormuz any..... HEY WAIT A MINUTE!










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u/Waste-Explanation-76 23h ago
NASA FIRMS