Overseas Shipholding Group, Inc. (NYSE:OSG)
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A shipping Company which is engaged in the ocean transportation of crude oil and petroleum products.
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A shipping Company which is engaged in the ocean transportation of crude oil and petroleum products.
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It's all about supply and demand in oil and in ships.Gas prices (and demand) are headed down again and it looks like we'll be having (another? or the same one?) recession for the next two to five years.And China isn't looking good either.The time to buy will be when a lot of the shippers have gone out of business.Then you'll be able to make a lot of money.