Weird News: Saudi Oil Tanker Hijacked by Pirates
For the first time in recent history, a tanker loaded with 2 million barrels of oil has been hijacked and the crew held captive for two days by honest to goodness, old-fashioned pirates off the coast of Kenya. Crazy, right? As predicted by many peak oil experts during the global fuel crisis, the battle for resources in developing nations has escalated -- only, the timing is a bit puzzling. Now that oil is teetering around, $50/barrel it seems like these pirates have really missed the boat. After perusing the news of the last two weeks, it looks like the high seas may once again become center stage for newsworthy confrontations. With Greenpeace blocking palm oil shipments, and the Japanese setting out on a new whaling expedition, international waters were already starting to heat up. Still, this pirate action really took me off guard.
Did the fuel price surge of 2008 really generate a black market for stolen oil that large? I knew that thieves were raiding unguarded fuel tanks, but can these pirates really find a buyer for 2M barrels of oil?
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