Gaius
221
If the math were that simple then Saudi Arabia and Texas etc. would all be scrambling to pump less oil.
If you’ve got a pipleline to one (water) customer’s house
Then lose that customer and try to sell his water to someone else . . . carrying it in buckets it hurts business.
No two ways about that.
Oil shipping stocks are stratospheric right now. (STNG etc. is up 300% ost invasion)
they are gonna make a lot of money carrying oil
- out the Baltic,
- down the coast of Europe
- through the Mediterran and the Suez, —> no super tankers in the Suez
- across the Indian Ocean
- through the Malacca strait
- and back up the Pacific to China. . . . lol long trip lots of money.
conan
222
LOL good catch STODR
Can’t go 4 dollars…well it just blown right pass that and working to 6 dollars.
But here is the catch…he will say he didn’t factor in inflation. 
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It takes a lot more ships to send Russian oil to India or to transfer oil between ships at sea before the oil gets to Europe.
The self-imposed oil embargo means that middlemen are making a killing, and consumers are getting murdered.
1 Like
Gaius
224
Well the murdered consumers part is true, but since Russian oil is illegal the shipping costs of Russia-to-China oil have nothing to do with it.
If Chinese buy “cheap” Russian oil, then Chinese will pay the cost of shipping that oil."
How is your 201k doing these days?
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