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Oil Tankers -- Depression May Last a Little Longer


JEast
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Nice article on the changing landscape of transported oil and also places (a least partially) the reasons for the tanker depression.  Of course this is all subject to change as we were building NG import facilities in the US.  We were also to have peak oil just around the corner so maybe we will put that off for a while too.

 

http://www.ft.com/intl/cms/s/0/cb917324-17ce-11e2-8cbe-00144feabdc0.html#axzz2AiIjbutT

 

Just one point, but a point and reason I like the container space better, but the shakeout may provide some savvy folks to pick up some deals.

 

 

Cheers

JEast

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Yes, of course, and what I was attempting to say.  Cheniere was approved to build the 'import' facility in 2005 and now is approved for an 'export' facility.  Investing sometimes is a very humbling experience as Cheniere has proved as they were drastically wrong.  For NG, you just can not flip the switch as the storage facilities alone are massively different.

 

 

Cheers

JEast

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