Stocks that Float: TANKERS & DRY BULK SHIPPERS

[Milner]

Its unlikely that is going to happen from what i have been reading it looks like alot more other foreign countries are going to start competing with the western refineries. This looks like more refined product (gasoline) will be shipped all over the world. Since the high U.S. prices are more to do with the U.S. having outstripped our refinery capacity. Two more factors to take into consideration is bulker conversions and possible consolidation in the Tanker sector. Also since more and more oil is going to be produced from deep sea drilling that oil is going to create new logistical challenges and more routes for oil to travel all over the world. Independant Tankers is coming off restriction tommorow at 1.65 U.S. Dollars. I am buying at 7:00 est. Lets hope it turns out to be a good one...