/biz/ - Business & Finance

>>19143038
If contango doesn't happen, some of the richest men on earth who is buying this shit is fucked, just think about the astronomical cost it would be to buy oil currently at 30 dollars a barrel with the market as fucked up as it currently is. Trump is crazy, but it is true, he might want to "hire some super duper tankers" and we make a killing on it. Now THAT would be the Big Port!

>>19143206
>way down
There is where I gotta disagree with you there. Maybe spot rates, but I got 2 scenarios to play out for you. Assuming demand returns and production remains low, production will rapidly spike and create another contango after backwardation within 6 months...and can be an even bigger contango if lockdown v2 happens. Option 2, Fed rents out land, demand doesn't pick up, and oil companies go "SCORE!" and up production due to less fears of storage issues....in which case price is kept reasonably low, AND we may create an even bigger oil crisis the liked we never seen.

Tankers for "within the year" playing....I can only see a win. Also based Hisoka posting.