Houthi* rebels battling Saudi Arabia in Yemen took credit for the drone bombing on Saturday (Sept 14) that took out a chuck of the Kingdom of Saudi Arabia’s oil pipe network and cut supplies by 50%. The President is looking to Iran who has a history of lying about drone attacks. (see video above) In any event, the oil spot price shot up 20% overnight and the President has stepped in to allay fears and prevent shortages by releasing some of the US strategic oil reserve. He has also Tweeted that an armed response could be in the works.
But this is about more than just oil in this asymmetrical war with Islamic radicals. The drone strike may prompt other rebel groups, possibly our own home-grown radicalized terrorists to copy the idea and use drones (they don’t have to be military grade to cause harm) to attack targets here on the US mainland.
Saudi Arabia oil supply was attacked. There is reason to believe that we know the culprit, are locked and loaded depending on verification, but are waiting to hear from the Kingdom as to who they believe was the cause of this attack, and under what terms we would proceed!— Donald J. Trump (@realDonaldTrump) September 15, 2019
….sufficient to keep the markets well-supplied. I have also informed all appropriate agencies to expedite approvals of the oil pipelines currently in the permitting process in Texas and various other States.— Donald J. Trump (@realDonaldTrump) September 15, 2019
Based on the attack on Saudi Arabia, which may have an impact on oil prices, I have authorized the release of oil from the Strategic Petroleum Reserve, if needed, in a to-be-determined amount….— Donald J. Trump (@realDonaldTrump) September 15, 2019
Because we have done so well with Energy over the last few years (thank you, Mr. President!), we are a net Energy Exporter, & now the Number One Energy Producer in the World. We don’t need Middle Eastern Oil & Gas, & in fact have very few tankers there, but will help our Allies!— Donald J. Trump (@realDonaldTrump) September 16, 2019
*The Houthis, officially called Ansar Allah, are members of an Islamic religious-political-armed movement that emerged from Sa’dah in northern Yemen in the 1990s. They have threatened additional attacks on Saudi oil installations according to their TV Station al-Masirah.