Oil depot explosion in London.

The same way the police in the US said it wasn't terrorism when that Egyptian opened fire at the El AL terminal in the airport around July 4 last year. They said it wasn't terrorism, then eventually decided it probably was.

To avoid panic and making themselves look bad they rule out terrorism right off the bad unless it's so obvious they can't. Remember people always remember their first impression -- this Richard Jewell -- in the 96 olympics he was first thought to be involved but eventually cleared -- but how many people still think he did it (even though they caught the bomber and he confessed)?

Honestly my impression here in the US is that most people here don't care what goes on outside the US. A bombing in London is about as close to worrying as many people here do....but anywhere else is seen as a "can't happen here" type of event.

SSB
 
Quote from silk:

"Police said only two of the wounded suffered serious injuries. More explosions were expected for several hours at the depot, which stores 4 million gallons of gasoline, diesel, kerosene and aviation fuel."

4 million gallons is only 100,000 barrels of oil. If it is true that this is accident as authorities say it should have no effect on price of crude as supplies lost are meaningless in world scheme.

Yeah, a 100 lot CL future, but perception and reality are often opposed. Anyway, we'll see where CL/QM opens tonight.
 
Quote from LordMelbury:

"The police have ruled out AQ."

How can they rule out terrorism so early,they could not have come close to the seat of the fire yet.

They have said that they have ruled out terrorism on the television. (Can we believe them?)

How they came to such a conclusion so early I do not know.
 
I certainly would not believe ANYTHING the British Police say . Actually after the London bombing then the shooting of an innocent in the tube and their lies and cover ups I would tend to believe the opposite of what they say
 
my take is 90% probability of an accident and 10% AQ splinter type action --- mainly because there has been a lot of oil industry accidents in England over the last 10 to 15 years.

now what happens with the CL contract and the FTSE tonight should clear up if the "accident" story is holding water.
 
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