So far outside the box you can't even see the box from here.
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Monday, September 16, 2019
Saudi Drone Strike
A drone strike took out half of Saudi oil production. From a military standpoint, it was brilliant use of asymmetrical warfare. Houthi rebels claim to have launched the attack out of of Yemen. In spite of that claim, blame is being pinned on Iran.
Personally, I think it could have gone down a number of ways. It could have been an attack launched directly from Iran. It’s possible that drone technology could have been transferred to Yemen from Iran. The Houthi rebels are often supported by Iran. Don’t discount the possibility that the rebels did it all themselves. We live in a time of open source warfare. Things like drone technology are available on-line. A bunch of rebels could have home brewed their own drones with off the shelf components.
So what happens next? If we aren’t careful, a much wider war.
With the refinery down, the world loses something like 5 percent of its oil. Here’s the rub, some countries are a lot more reliant on Saudi oil that others. For example, the US doesn’t need it, but China and India could really feel the lack. It will affect the spot market so prices will go up. I’ve heard so called experts saying that gas prices in the US could rise as much as twenty-five cents. Frankly, that’s nothing.
What’s more important is possible effects of a larger war. More Saudi oil could be taken out. Iran, Kuwait, and Iraq could all be pulled out of the market if war comes to the shipping straights. A nasty regional war could spiral out of control. Does anyone see Israel not being drawn into this? Russia? China? The US?
This could be the start of something really nasty.
I live in an area of NH known as the Great North Woods. I'm in my dome-i-cile out in the county with my lovely wife and a varying number of family and friends
-part red neck, part hippie but all country. Experimenting and enjoying the adventure of life.