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.
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williammontague says:
Well thats an inflation hedge if ever I saw one!