CRUDE OIL forum: Oil Tankers as Terror Targets-info from bin Laden raids.

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May 20, 2011 12:35 PM CST
Name: Susie
Phoenix AZ

Al-Qaida Considered Oil Tankers as Terror Targets.

Interesting read for lots of reasons. Apparently this is information gleaned from the materials seized from the bin Laden raids.

“…But experts said al-Qaida probably overestimated what the loss of a single oil tanker might be on the industry. Concerns about the safety of individual oil tankers from pirate activity or terrorism hasn't really affected oil prices, said Jim Ritterbusch, president of Ritterbusch and Associates, who has been trading oil contracts since the futures market opened on the Nymex in 1983. A tanker holds about 2 million barrels. That's enough to supply world demand for only about a half hour.”
"There are only two ways to live your life. One is as though nothing is a miracle. The other is as though everything is a miracle." --Albert Einstein

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