Place Your Bets The Race Is Heating Up!
Ever watch a horse race? First one horse is in the lead, then another. The crowd hollers and moans as one moves ahead and the other falls behind. Tanker demand and oil demand can be likened to a horse race. When tanker demand gets ahead of oil demand, the crowd of owners moans as rates fall; when oil demand gets ahead of tanker demand, the crowd of owners cheers with wild abandon. Oil demand is currently climbing. The question is: Will it get ahead of tanker demand?
Download here