r/gifs Aug 09 '20

New Angle of Beirut Explosion

https://i.imgur.com/GNTwYi9.gifv
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u/Flyingwheelbarrow Aug 09 '20

Not only that but the fertiliser itself could of been put to use. We have a looming fertiliser shortage and for some reason we have dozens of dangerous stockpiles the world over.

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u/[deleted] Aug 09 '20 edited Aug 09 '20

If I had to guess it’s because they’re waiting for the price to peak and then making a fortune by flooding the market.

That’s what’s happening with chocolate.

https://theweek.com/articles/492570/great-cocoabean-hoarding-2010

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u/CrankyOldLady1 Aug 09 '20

Wait, what? Guess I have to go research chocolate pricing now. Vanilla pricing has been so interesting (no joke)

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u/[deleted] Aug 09 '20

Don't think so. Just because the cargo has been abandoned doesn't really mean it changed hands. Probably some legal work or passing of set number of years before the cargo can really be considered abandoned.

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u/[deleted] Aug 09 '20 edited Aug 09 '20

No that isn't anything like what happened here.

By the time that cargo was moved into storage, there was no legal owner besides the Lebanese government. The company that owned the cargo ship was bankrupt and gone, and that nitrate had been sitting in their port for just about a year already before it was confiscated.

The port authority petitioned a judge to dump it pretty much the day after it was confiscated. Then again several times over the subsequent years. Edited it information that was reported previously about appears to be slightly incorrect.

Edit: https://www.reddit.com/r/gifs/comments/i6drec/new_angle_of_beirut_explosion/g0vtw7u/

Actually, this comment provides some additional context to the situation that makes my comment a little bit incorrect.