/biz/ - Business & Finance

>>19042327
I dispute that. An extended period of low demand works in favour of tankers, and you should be under no illusion that it will be an extended period (the oil pumps will never stop, and only the tip-top most insular americans not looking at the rest of the world thinks this is v- shape with demand springing back).

The current storage shortage means, as other anons have pointed out, that these companies are making their budgeted-for annual revenues in the space of months. They are exploiting the situation and making a killing.

Contrary to your argument, the supply side will not adapt. The pumps literally cannot stop without damaging the wells. The countries you are relying on (Russia, OPEC etc) don't trust each other to abide by shared reductions, just pay lipservice and continue pumping oil out for market share purposes.

>>19007623
Who knows but the value proposition is great. Either it's 0 and I get nothing out of no work or money put in, or I get free money with no investment. You don't get value like that anywhere.

If you want to try it my referal code is: Herbl

>>18979571