Likkmee
Gold Member
trading down your debt for iFoney 23's, 5G'z and shoes with LED lighting in da bakk (to keep you safe) ?Why is it that Biden is depleting the Strategic Petroleum Reserves and filling up Chinese tankers with American oil?
Could it be that he is in bed with the Chinese?
China Sends Supertankers To US Gulf On Crude Oil Buying Spree
One of the most important bull thesis for crude in 2023 is that China, having permanently shelved its zero Covid policies, will unleash a global buying spree as the Chinese economy sharply roars back to life.
On Tuesday, we got another indication of precisely that: Unipec, the largest oil trader in China and the trading unit of state-held refiner Sinopec, and PetroChina, the largest oil and gas producer and distributor in China, have both hired ten supertankers in March to haul US crude back to Asia, according to Bloomberg, citing people with direct knowledge of the matter.
Each vessel can transport a whopping 20 million barrels of crude. The people said that the loading of the tankers is expected to occur across US Gulf Coast terminals.
China Sends Supertankers To US Gulf On Crude Oil Buying Spree | ZeroHedge