Larry C. Johnson Comments on the Environmental and Energy Impacts of the Tanker Attacks in the Persian Gulf
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Larry C. Johnson commented on the crude oil spill caused by the tanker attacks in the Persian Gulf, stating that the pollution from this spill is comparable to an 'Exxon Valdez on steroids,' warning against underestimating the pollution spreading along the Gulf and Omani coasts, as well as the damage to the global crude oil tanker fleet. The recent attacks have caused severe crude oil spills. Since the beginning of this year, 119 vessels have reported damage, with 77 crew members killed or injured. In the first two weeks of October alone, at least 23 attacks occurred near the Strait of Hormuz. Currently, Brent crude oil prices are around $115 per barrel, and VLCC daily rates have skyrocketed from $30,000 in early January to $1.3 million in October, hitting a record high of $1.4 million on October 8. Johnson pointed out that the spill also threatens the water supply security of Gulf countries dependent on desalination: desalination supplies approximately 99% of Qatar's drinking water, over 90% of Bahrain's, about 90% of Kuwait's, 86% of Oman's, 70% of Saudi Arabia's, and 42% of the UAE's.
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- ZeroHedgeDon't Panic, It's Just Exxon Valdez on Steroids
Tanker attacks in the Persian Gulf have caused a major oil spill, described as an "Exxon Valdez on steroids." This year, 119 ships have reported damage and 77 crew members have been killed or injured. In the first two weeks of October, at least 23 attacks occurred near the Strait of Hormuz. Brent crude is around $115 per barrel. VLCC daily rates have skyrocketed from $30,000 in early January to $1.3 million in October, hitting a record $1.4 million on October 8. The spill also threatens the water supply of Gulf countries that rely on desalination.
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