Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
Furthermore, shipping rates are very, very weak, at least tanker rates. Many companies have lost 80% or more of their market values in the last year alone. Even the ones who have strong balance sheets and lots of long-term fixed-price contracts are down about a third (to my sorrow, as I have a small (now even smaller :p ) position in one of them).

Peak oil is not an energy crisis. It is a liquid fuel crisis.
by Starvid on Sun Jun 17th, 2012 at 05:21:55 AM EST
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