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Blast and shooting at oil refinery

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posted on Feb, 24 2006 @ 07:41 AM
There are reports coming in of a huge blast and some shooting at a Saudi oil refinery.
World oil prices rose sharply in response to the news.
Saudi is responsable for about 2/3 of world oil output..
There are reports of an explosion and shooting at one of Saudi Arabia's biggest oil processing plants.

Saudi authorities claim they had thwarted a double car bombing at the Baqiq plant.

Please visit the link provided for the complete story.

With oil companies reporting record profits here in England and the news that the oil prices are rising sharply in response to this it looks as though prices at the pumps are set to rocket.

[edit on 24-2-2006 by John bull 1]

[edit on 24/2/2006 by kuhl]

[edit on 24/2/2006 by kuhl]

[edit on 2-3-2006 by asala]

posted on Feb, 24 2006 @ 08:35 AM
Darn! I should have filled up my car yesterday!

Your source states:

Most Saudi oil is exported from the Gulf via the processing facility, which handles about two-thirds of the country's output.

Not that it uses 2/3 of the world's oil, as stated in your intro.

Consumption (Millions of barrels per day):
Top 20 Countries

United States: 19.993
Japan: 5.423
China: 4.854
Germany: 2.814
Russia: 2.531
South Korea: 2.126
Brazil: 2.123
Canada: 2.048
France: 2.040
India: 2.011
Mexico: 1.932
Italy: 1.881
United Kingdom: 1.699
Spain: 1.465
SaudiArabia: 1.415


Saudi Arabia is actually the world's number 1 oil producer, but it's usage is minimal compared to the US. But then, so is everyone's.

posted on Feb, 24 2006 @ 08:44 AM
Imagine Nigeria-like attacks on Saudi Arabia's oil infrastructure

Saudi Arabia has long been quite unstable, I wonder if this was a coordinated Al-qaeda style attack.
Just as in Nigeria, the people of Saudi Arabia don't profit much from all the oil dollars. Seven of the 11 nations that make up the Organization of Petroleum Exporting Countries (OPEC) are poorer today per capita than they were in 1974.

posted on Feb, 24 2006 @ 09:03 AM
Sadi Oil Refinery Attack Twarted

Oil was shut down only for a short period of time and has since resumed.

Two cars envolved and most if not all da bad guys are dead that attempted the attack.

posted on Feb, 24 2006 @ 05:29 PM
I feel this is very relevent due to attacks on Saudi soil,there are always attacks but so much against the oil? I t seems to be an attack on the financial infrastructure .
Although the Saudi's are rich enough already they still need an income to sustain the political influence they have.No oil no influence.

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