by Mariusz Skonieczny | Apr 24, 2020 | General
Just when I thought things could not get any more ridiculous and stupid, I received an email from Zillow informing me that my house increased in value. People are losing their jobs. They are not able to get mortgages. In many instances, they are being asked to put...
by Mariusz Skonieczny | Apr 23, 2020 | General
More and more investors are being exposed to the oil tanker thesis. Yesterday, CNBC learned about it. Today, Real Money wrote about it. “Supply and demand. Those two basic economic principles are nowhere more evident than in the market for oil tankers. As...
by Mariusz Skonieczny | Apr 23, 2020 | General
Yesterday, CNBC learned about the oil tanker thesis. While the analyst was bullish, he talked about the rates coming down over the months. While, I also see rates coming down, they are likely to go up first as evidenced by today’s $300k print. Also, they are...
by Mariusz Skonieczny | Apr 21, 2020 | General
Summary Due to COVID-19 shutdowns, oil markets are hopelessly oversupplied and conventional storage has rapidly filled. We saw the brutal reality of this storage crunch with May WTI futures imploding yesterday, collapsing below negative $30/bbl. Although the May...
by Mariusz Skonieczny | Apr 21, 2020 | General
This kind of feedback is what makes writing books all worth it.
by Mariusz Skonieczny | Apr 20, 2020 | General
Today, the price of crude oil (WTI) went below zero. Crazy world. I wanted to create a video of various clips from the shipping forum, but I was having some difficulties with sound. Finally, I figured it out. So here they...
