Ping!......
So much for the “Peak Oil” moron’s theories.
One of the world’s largest tanker owners Frontline Ltd. (FRO) Tuesday said between 20 and 25 oil supertankers have been hired for floating storage in recent weeks, for up to 50 million barrels of oil.
http://www.cattlenetwork.com/Content.asp?ContentID=276608
BOHICA