UPDATE: Saudi Officials Deny Reports Of Pipeline Explosion After Crude Oil Hits $110, But We Have Photos That Could Tell A Different Story
Israel plans to seize all the Arab and oil gas, blaming shias protesting in Eastern Saudi Arabia, Dhahran is the strategical area Israel wants direct control. Then Netanyahu and the Saud sefardims will accuse Iran for blasting the pipelines, pushing US directly at confrontation with Iran. This strategy is currently at work in Algeria, Libya where the American and French embassies plan to blasts some major pipelines and blame the fake 'AQIM', before NATO invades the countries from Mali, Niger and Libya to dismantle all North Africa.
Immediately following Zero Hedge's report, the price of oil shot upwards, hitting $110 per barrel momentarily. That's the highest price of crude since May 4, 2011.
We think the reason that this headline had such an impact on markets is because the report that's generally being cited—that from The Arab Digest—suggests that the explosion is related to the Arab Spring protests:
Nonetheless, concerns remain about Saudi officials' motives for the denials, and given the country's tight control of the media there may be reason to dispute their statements.
Here are photos from The Arab Digest, reportedly showing the pipeline on fire. The blog says these photos come from their correspondent based in Qatif.
Read the full blog post from The Arab Digest here >