"If the Iranians have to shut down oil and gas production due to a lack of storage capacity, there will be permanent damage to the productivity of the oil fields," Marketwatch cofounder Derek Reisfield told the New York Post on Monday.

"The damage will be irreversible," he said. "The loss in capacity could easily be half a million barrels in daily production." That's a significant hit to a pre-war production rate of a little over three million barrels.

Oil wells can't just be flipped off and back on again like a switch, and that's a huge problem. Once capped, a single oil well can require months—or longer—and millions of dollars to bring back into production. That's why the Islamic Republic last week brought an aging tanker out of retirement to use as a floating storage unit.

The Nasha, Tanker Tracker reported, is "a 30-year-old VLCC that's been anchored empty for the past few years; currently spending four days on a trip that should take 1.5-two days."

That was almost a week ago. Now things are worse. 

According to the Wall Street Journal on Monday, the regime "is resorting to previously unused methods to conserve storage space," including "using containers and 'junk storage'—disused tanks in poor condition—in the southern oil hubs of Ahvaz and Asaluyeh."

Tehran might be able to move some oil to China by rail, but not much. The rail links between the two countries simply aren't built for oil transportation.

How long before the regime simply runs out of room and starts having to cap wells?... Subscribe for free to Breaking Christian News here

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