Somebody cue up the Just Stop Oil idiots…
Offshore production from major oil names like Occidental, W&T Offshore and Talos Energy has been shuttered following a spill that Bloomberg is calling the worst in the US “since the Deepwater Horizon disaster.”
These producers took a significant hit on Thursday as they stopped approximately 62,000 barrels of daily oil production due to a subsea pipeline rupture. The rupture resulted in a substantial oil spill of 26,000 barrels, equivalent to the volume of two Olympic-size swimming pools, in the Gulf of Mexico near Louisiana, Bloomberg noted .
If the magnitude of this spill is verified, it would mark the most substantial incident of its kind since 2010, when BP PLC’s Deepwater Horizon rig catastrophe led to the release of 3.2 million barrels of oil off the coast of Louisiana. The report, citing the U.S. Coast Guard, said other firms impacted by the situation include […]
Read the Whole Article From the Source: www.zerohedge.com
It’s becoming increasingly clear that fiat currencies across the globe, including the U.S. Dollar, are under attack. Paper money is losing its value, translating into insane inflation and less value in our life’s savings.
Genesis Gold Group believes physical precious metals are an amazing option for those seeking to move their wealth or retirement to higher ground. Whether Central Bank Digital Currencies replace current fiat currencies or not, precious metals are poised to retain or even increase in value. This is why central banks and mega-asset managers like BlackRock are moving much of their holdings to precious metals.
As a Christian company, Genesis Gold Group has maintained a perfect 5 out of 5 rating with the Better Business Bureau. Their faith-driven values allow them to help Americans protect their life’s savings without the gimmicks used by most precious metals companies. Reach out to them today to see how they can streamline the rollover or transfer of your current and previous retirement accounts.