Saudi Oil Pipelines Destroyed In Explosion, Sends Crude Prices Soaring

[webby]

Among the many factors responsible for the jump in WTI to just shy of $109 over the past hour, and Brent to new records in various currencies, is the following news reported so far only by Iranian PressTV: "An explosion has hit oil pipelines in the flashpoint Saudi Arabian city of Awamiyah in the kingdom’s oil-rich Eastern Province."

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probably not good news for gas prices

 

[k757]

The prices are unnaturally inflated as is


-Keith
'11 WRX & '99 2.3CL

 

[Nomar06]

Great!

 

[TJ___90]

it's ( NEAR ) the pipeline. That what the news in Arabic says

 

[webby]

Saudi saying no, PressTV saying yes.

http://www.thearabdigest.com/2012/03/saudi-arabias-eastern-revolution.html