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Frank Hovis

Suez Canal - Failed Terrorist Attack

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Well it failed:

http://www.bbc.co.uk/news/world-middle-east-23918642

but the canal is one big terrorist target. Well, not the actual canal as such as all you would get would be a big splash, but you know what I mean. Lose security on the canal so that ships start getting attacked and you have a serious problem.

Some 16,000 vessels already pass through the canal each year, carrying an estimated 14% of world shipping and 30% of world oil supplies.

http://news.bbc.co.uk/1/hi/business/7666877.stm

I think I might buy another jerry can :unsure:

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Well it failed:

http://www.bbc.co.uk...e-east-23918642

but the canal is one big terrorist target. Well, not the actual canal as such as all you would get would be a big splash, but you know what I mean. Lose security on the canal so that ships start getting attacked and you have a serious problem.

http://news.bbc.co.u...ess/7666877.stm

I think I might buy another jerry can :unsure:

so,it takes a bit longer to move the oil....yes, the price will go up, but supplies wont be cut off....course, we'd need to firm up against Somali pirates.

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so,it takes a bit longer to move the oil....yes, the price will go up, but supplies wont be cut off....course, we'd need to firm up against Somali pirates.

It will take a lot longer. Per the second link 19 days. Now as there are a fixed number of tankers ferrying the oil about with trips taking that much longer that 30% of supply will drop to 5% or less. That looks like supply massively falling below demand, rationing and big price hikes to me.

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It will take a lot longer. Per the second link 19 days. Now as there are a fixed number of tankers ferrying the oil about with trips taking that much longer that 30% of supply will drop to 5% or less. That looks like supply massively falling below demand, rationing and big price hikes to me.

They'll just have to recommission all those mothballed tankers.

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They'll just have to recommission all those mothballed tankers.

Not sure if you are being ironic - but I doubt there is sufficient mothballed tanker capacity on tap.

Closing the Suez would have a major impact on global economics. The last time it happened, it led to the eventual development of the Supertanker (which are too big to pass through Suez anyway).

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I can think of a few proposed pipelines which could sort all of that out.

I'm not sure which ones are going to be built yet. We'll have a better idea in a week or two's time.

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Not sure if you are being ironic - but I doubt there is sufficient mothballed tanker capacity on tap.

Closing the Suez would have a major impact on global economics. The last time it happened, it led to the eventual development of the Supertanker (which are too big to pass through Suez anyway).

Sadly, I'm old enough to rember all that. I was being ironic. :)

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