Thursday, June 4, 2009

We are being taken for a ride.

JPMorgan hires crude tanker to store gasoil -trade

JPMorgan Chase & Co has hired a crude tanker vessel to store gas oil off Malta's coast, shipping sources said on Wednesday. The U.S. investment bank declined to comment. Storing any light, refined oil products in a crude oil tanker is unusual.

Posted by devo @ 12:05 AM (683 views)
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One thought on “We are being taken for a ride.

  • williammontague says:

    Well thats an inflation hedge if ever I saw one!

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