Today is a New Day.
September 16th 2019 (16/9/19).
And should probably tidy that up;
Over the weekend two oil facilities were attacked and damaged in Saudi Arabia.
The Abqaiq facility has the capacity to produce around 5% of the global oil supply. This attack seems to have removed about half of its capacity. Or 2.5% of the global oil supply.
For the last four or five years Saudi Arabia has been intentionally oversupplying oil creating a glut in the market. Specifically to drive down prices to below the cost of production for many rival suppliers.
So although it sounds dramatic these attacks are unlikely to have a significant impact on the global oil supply. There is already plenty of slack in the system.
However it was enough to spook the oil markets. At the opening of markets in Asia the price of a barrel of the benchmark Brent Crude jumped from $60 to $70. This prompted the US to pledge to open its strategic oil reserve if needed.
I was reading about this on the BBC website. When I spotted a hyperlink specifically referencing the US announcement on the strategic oil reserve. I clicked on it thinking it would take me to another part of the BBC website.
Instead it took me straight to Twitter. Unexpectedly reigniting that drama of me being blocked by Twitter.
Allegedly for a urging an inanimate object to commit suicide.
Now it has been reignited I should point out that a Dutch doctor has been cleared on all charges. For euthanizing a grandmother with Dementia.
The Arnhem war graves have been vandalised. With Nazi themed MH17 graffiti.
Later I was on the CNN website. There I spotted a hyperlink referencing US claims it had evidence who was behind the attacks in Saudi Arabia.
I clicked on it and it took me straight through to Twitter. For that short period Twitters block no longer existed.
To me that shows how arbitrary Twitter's block was in the first place. And how it has very much overstayed its welcome.
And should probably tidy that up;
Over the weekend two oil facilities were attacked and damaged in Saudi Arabia.
The Abqaiq facility has the capacity to produce around 5% of the global oil supply. This attack seems to have removed about half of its capacity. Or 2.5% of the global oil supply.
For the last four or five years Saudi Arabia has been intentionally oversupplying oil creating a glut in the market. Specifically to drive down prices to below the cost of production for many rival suppliers.
So although it sounds dramatic these attacks are unlikely to have a significant impact on the global oil supply. There is already plenty of slack in the system.
However it was enough to spook the oil markets. At the opening of markets in Asia the price of a barrel of the benchmark Brent Crude jumped from $60 to $70. This prompted the US to pledge to open its strategic oil reserve if needed.
I was reading about this on the BBC website. When I spotted a hyperlink specifically referencing the US announcement on the strategic oil reserve. I clicked on it thinking it would take me to another part of the BBC website.
Instead it took me straight to Twitter. Unexpectedly reigniting that drama of me being blocked by Twitter.
Allegedly for a urging an inanimate object to commit suicide.
Now it has been reignited I should point out that a Dutch doctor has been cleared on all charges. For euthanizing a grandmother with Dementia.
The Arnhem war graves have been vandalised. With Nazi themed MH17 graffiti.
Later I was on the CNN website. There I spotted a hyperlink referencing US claims it had evidence who was behind the attacks in Saudi Arabia.
I clicked on it and it took me straight through to Twitter. For that short period Twitters block no longer existed.
To me that shows how arbitrary Twitter's block was in the first place. And how it has very much overstayed its welcome.
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