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2009-09-14 Economy

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Posted by Mike 2009-09-14 12:12|| || Front Page|| [4 views ] Top

#1 I did some looking around. There are several of these "ghost fleets" around the world, including off the coast of southwest Africa, several places off the South/Central American coast, and in the Pacific. Even without the economic collapse, there would have been (and has been) an excess of ships for the amount of trade. A full third of the worldwide tanker fleet is used to store excess oil production, to keep the price even partially stabilized.

Posted by Old Patriot">Old Patriot 2009-09-14 23:53|| http://oldpatriot.blogspot.com/]">[http://oldpatriot.blogspot.com/] 2009-09-14 23:53|| Front Page Top

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