RE:RE:RE:RE:RE:RE:Saudi Arabia shuts down 50% its oil production, drone attack
You are likely correct Kavern that overall this won't hurt Saudi Arabia as they will ship reserves and make it up that way. However, the IPO is toast for now IMO. Who would want to buy this when it gets bombed so easily?
Regarding conspiracy theory, it sure does look bad. They were shooting down easily the missiles that Yemen was firing at them with Patriots but, they seem incapable against these drones who are certainly much slower and radio controlled (normally advanced armies can take control or jam them). Seems bizarre but, it is also the 2nd time that drones attack their facilities. First time, it was some pipeline pump station if I recall properly.
Just now, the U.S. is blaming Iran for the attack. So the big deal here is a decline in inventories (depending how long this is down) and more importantly, continued constrained supply out of Iran with sanctions.
So yeah some conspiracy is possible.