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.
Earlier, Zero Hedge cited reports that a Saudi oil pipeline had exploded—both from Iranian Press TV as well as a blog titled The Arab Digest.
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.
According to the blog, a violent outbreak would make sense because "the pipeline is located between Awamiya and Safwa, both areas [have] demonstrated in the past two days." The author elaborates:
The Arab Digest provides a map of Saudi Arabia's oil fields:
Then again, you can't exactly see the pipeline in these
images—and we have just the blog to confirm that this is, indeed, the
Qatif region of Saudi Arabia—so we are forced to take them with a grain
of salt.
Read the full blog post from The Arab Digest here >
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:
For the first time in decades, the
Eastern Saudi Arabian volatile situation has reached the vital oil
sector. A pipeline between Awamiya and Safwa has been reportedly
targeted, and is under fire; the Saudi government sources were quick to
claim that the fire is one kilometer away from the pipeline. Our
correspondent in Qatif confirmed that it is indeed a pipeline area that
is targeted.
Saudi Arabia's Shiite minority,
mostly residing in the oil rich east, has been protesting for years
against State sponsored discrimination. They are treated as second class
citizens, denied public sector jobs, and vital development for their
oil rich areas. Saudi Arabia's powerful Wahhabi religious
establishment considers Shiites heretics, and constantly incites against
them.
Around 4PM, Saudi officials denied reports of the explosion, according to Dow Jones. That appeared to still the rise in prices.
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.
This photo evidently shows the pipeline on fire.
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Another photo from The Arab Digest's Qatif correspondent, reportedly showing the pipeline on fire
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The Arab Digest correspondent also said that "the region where the Awamiya oil field is located is called alrams, it is an agricultural land. Senior
Saudi royal family members stole acres of this land, especially the
late crown prince Sultan Ben Abdul Aziz. After stealing the land, and
following local anger, he offered to sell it to them again for a high
price. People still remember this incident very well. Recently, the
government has made plans to destroy the natural landscape of this
region, but the locals are protesting against this." The Saudi
government has been trying through resettlement plans to change the
demographics of the Eastern region, where Shiites remain a majority.
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Read the full blog post from The Arab Digest here >
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