The “Smart Momentum”.

The following images are of today.

While the number of oil tankers in front of Galveston is becoming quieter and normal galveston (2)the situation in front of Singapore is as you can see here singapore (2)

Some months ago there was similar situation in front of Galveston when the oil price collapsed to 28-30 $ and the companies ordered not to deliver the oil waiting for a better price. But now, what are they waiting for in Singapore? Simple: the chinese consumptions are slowing (to say the least) and the oil depots on land are not ready to receive any bunkering.

Maybe the “smart momentum” of chinese economy declared by the media mainstream is not so smart…



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