Reply #4: Good point about the tankers [View All]

[TexasBushwhacker]

Frankly, I didn't realize there were all that many single hulls still out there, of any age. At the same time, I can see why oil businesses aren't too excited about investing millions of dollars in building new tankers when our relationship with the OPEC countries is so strained. With China as such a competitor for imported oil, it will reach a point where OPEC can tell the US to shove it, at least periodically. With everything in the oil business, if it's not running 24/7, it's losing money. I lived in Houston all my life until 6 months ago and had worked for oil related businesses for the last 12 years. I'm SO happy to be out of that!