Bienvenidos a Miami

This past week members of the energy industry convened for the 26th Annual Fuel Oil/Energy Buyers’ Conference in Miami Beach, Florida. The topics discussed ranged from macro drivers for worldwide energy consumption to the role of fuel oil in the energy mix. The variety of companies that were in attendance stimulated interesting discussions, both in the conference room and at the dinner table. The chart below shows the total tons of fuel oil moved in the tanker spot market each year, with annual 2006 and 2007 totals based on projected increases in trading volume.