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Gold/Mining/Energy : Big Dog's Boom Boom Room
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To: ChanceIs who wrote (114577)12/4/2008 6:30:01 PM
From: Spekulatius  Read Replies (1) of 206347
 
Shell, Koch Contract 4 Supertankers for Storage in U.S. Gulf

I think they wan't to lock in the contango spreads which i think they are going to lock in via hedges. Tanker capacity ought to be cheap to rent right now. All they need is put up collateral and Shell/Koch should have no problem doing that.
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