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African pirates raise the stakes

H/T Danger Room. This story by Reuters says the latest pirate action took place 450 miles from Kenya, of course, given the African coastline, it could be much closer to the coast but the seizure of a ship the size of an aircraft carrier, less than one year old, carrying $100 Million US Dollars worth of oil, headed to the United States, is in my mind, a game changer.  Looking at photo of the ship, see Danger Rooms post here, tells me they either had a serious mother ship, or aircraft to assault the ship, or the sailors on the ship were so oblivious to the event the pirates found something hanging down and climbed up.

Unbelievable.  Seriously, how do pirates get dozens if not hundreds of miles away from the African coast and seize this massive ship.  Is the intent to embarrass the Saudi's?  The US? The owners?  Is the intent to cause an eco-catastrophe?  Will they drive the ship into Liberia and set fire to the ship causing oil market instability?  No idea, there are many more scenarios.  A ship here, a ship there, a $100 million dollar oil on a tanker, now you are talking serious money.  

 

Published Nov 18 2008, 12:10 AM by Otto
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About Otto

Edward "Otto" Pernotto is President and founder of EXCALIBUR Research and Development, LLC.