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Strategies & Market Trends : The Art of Investing

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Dec 11 4:00 PM EST

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Lou Weed

To: Sun Tzu who wrote (6302)	2/3/2023 3:37:36 PM
From: robert b furman	1 Recommendation Read Replies (1) of 10691

Hi Sun, Makes great sense. Over this weekend the European sanctions on shipping Russian oil come into play. A man on Bloomberg said it won't immediately become impactful. Russia has secured a lot of ships. They are mostly smaller and not design for long runs. As they load up and begin a trip much longer than the usual trip to Europe they will be on the sea longer for both directions. As this puts many ships on the longer trips, it will use up the available non European boats and slowly cap out Russia's ability to sell oil. So being patient seems to be the correct posture. Thanks for sharing! Very generous of you. You encapsulate what makes SI a great place to learn from. KUDOS! Bob

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