Replies to post #281036 on Zeev's Turnips Patch-No Politics (ZEEV)

[choad]

Dave, Thanks for the article. Shipping rates go from .76 to 2.38 in one year on persian gulf/ Japan route, somebody is makin' a killin'.

[Trooper]

Well put. I would only add that the idea of "opening the spigots" is pretty much passe. OPEC is now maxed out and their ability to produce actually declining (Nigeria, Venezuela).

Also China is increasing consumption at a rate perhaps never witnessed in world history before.