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Vet67to82 (< 20)

May 2008

Recs

75

Shipping and $200 oil

May 23, 2008 – Comments (1) | RELATED TICKERS: SFL , FRO , VLCCF

   The U.S. Pres keeps asking Saudi Arabia to increase production.  Saudi Arabia finally agreed to a 300k barrel increase after repeatedly explaining to deaf ears that there was plenty of supply.  Plenty of supply you say?  Surely I'm crazy, insane, etc. But, no, I'm not insane ... as the following facts will show it's not a supply problem but actually a demand problem ... but not where you think!   Read on ... .    [more]

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