Friday, March 20, 2009
Aaaand....BOOM go the the navy vessels!
Is it just me, or does it seem a lot of stuff is colliding recently? Coming on the heels of the collision of the two nuclear subs, two U.S. navy vessels smacked into each other in the Strait of Hormuz, near Iran. The two ships were the USS Hartford, a nuclear powered sub and the USS New Orleans, an amphibious vessel. The accident ruptured a fuel tank on the New Orleans and caused a minor spill of 25,000 gallons of diesel into the Persian Gulf.
What makes this collision unique is the ramifications. After the accident, oil prices, which had been declining on the day, shot right back up. But with downward pressure on global oil prices, the jump in price is nowhere near what it would have been a year ago.
From the article- "Both ships were heading to port and were going in the same direction when the incident occurred in the narrow Hormuz, said Christensen. He said the submarine was submerged at the time but that he could give no further details as the collision is still under investigation."
I don't fully understand the dynamics of navy collisions and oil prices, so if someone could kindly explain it would be much appreciated. But furthermore, doesn't it seem like a collision of these sorts are less likely that two subs crashing in the North Atlantic? Isn't there adequate communication between the ships since they were from the same navy? I don't know, maybe they still have some bugs to work out.