Skip to comments.VIDEO: US Coast Guard Says It’s Keeping An Rye On 27 Oil Tankers Anchored Off The Coast Of Southern California
Posted on 04/27/2020 4:07:36 AM PDT by Enlightened1
VIDEO: US Coast Guard says it’s keeping an eye on 27 oil tankers anchored off the coast of Southern California. Another great example of floating storage build-up as demand for oil and refined products plunge | #OOTT #Contango video via
(Excerpt) Read more at twitter.com ...
Here is the story. The ports storages facilities are full. There are no trucks picking up fuel. This is because all the gas stations are topped off.
I even saw some reports were gas trucks that could not drop off their fuel had to pay $8,000 just to store it.
It is not only happening with the fuel. The corn farmers that made the Ethanol are having to get rid of their harvest because no trucks are coming.
It is not just corn. Farmers that made food for restaurants have no trucks coming because there is no demand from the restaurants. So they are having to get rid of their food.
There are hundreds of ships off of Singapore. Same situation.
Which is what causes a depression. You can have money in your pocket but if nobody is producing anything you have no place to spend it.
This shows starkly the only true wealth that exists in any economic system.
All because of the stupid lock down.
It should have only been 2 weeks period.
Swamp creatures like Fauci, Birx, the W.H.O., the CDC numbers were way off.
Now the Swamp has successful destroyed the economy.
Each ship earns the owner upwards of $250,000 a day, where previously the owner got a barely breakeven $25,000
I'm going to have Booz Miller from Return To Zork in my head all day after reading that.
better than a pumpernickel imo.
I hope the mods don’t let you correct the title!
(And I’m not even a rye drinker.)
I wonder how long it will take them to realize what they have in their holds is worth negative money, meaning its worth less than sea water. Will they do the logical thing? Might be a good idea the Coasties keep a very good eye on those ships. Let them take it home to dump it in the ocean.
Yes I posted too fast, and did not proofread. I would edit the title if I could.
Why are we importin oil? I thought we were the leading exporter the last few years?
This is a great time to kill the ethanol program. Bad for consumers, bad for the environment. The Midwest farmers know all this but the program made whores out of them. And, naturally congress, both houses, are afraid to do anything. Imagine that! Sarc/. Lol..
When a body sees a tanker acoming through the rye...
From Rudyard Kipling, a century ago:
In the Carboniferous Epoch we were promised abundance for all,
By robbing selected Peter to pay for collective Paul;
But, though we had plenty of money, there was nothing our money could buy,
And the Gods of the Copybook Headings said: “If you don’t work you die.”
Looks like it. Go back and look at a chart of the DOW from 1929 to 1932 and look at the retracement of the DOW after 10/29/1929 and you will see that the DOW right now is almost at the same rebound level and the economy is NOT fixed and not anywhere close. We are going to probably see a similar drop in the markets experienced back then where it goes even further down percentage-wise than it just dropped.
This time, we KNOW who caused all of this BY THEIR NAMES and must hold them responsible.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.