Ghost in the Gulf: Why Did This Oil Tanker Disappear?
Oct. 23 (Bloomberg) -- A mysterious oil tanker has been sitting off the coast of Texas since late July. The ship holds Kurdish oil, which Baghdad contends is stolen goods. The Kurds say that it is theirs to produce and sell as they choose. While the two sides argue, the Kurds have found a way to go around Baghdad and sell their oil - make the ship disappear. (Source: Bloomberg)
http://www.bloomberg.com/video/oil-tanker-in-gulf-may-hold-the-key-to-kurdish-independence-wKDeqWZ9QGCdRFK5jr5z0Q.html?cmpid=otbrn.video
This is interesting. According to bloomberg, Kurds sell their oil by sending oil tankers into the gulf of mexico. At which point the ship turns off its transponder, then reappears again higher in the water -- having offloaded and sold the oil somewhere, black market.
It stays parked 60 miles off Galveston, TX.
Now, we all know how accounting and taxes and customs and rules are in the US -- how could this much oil possibly be sold like this, black market?