theanonymousamerican.com

The Free Market at work! Oil traders now taking advantage of an opportunity...

http://www.bloomberg.com/apps/news?pid=20601087&sid=ax3DSN5JZsBY&refer=home

 $42.63 per barrel

2 million barrels per vessel

$85,260,000.00 total purchase cost

$0.90 per barrel per month storage cost = $1.8 million per month or $18 million over 10 months

Sale price of $58.74 in Dec 09 = $117,480,000.00

sale price -(cost + storage)= profit of $14,220,000.00 per tanker before borrowing costs!

Whos in????