Peak Oil?

[kpete]

Red dots represent fully loaded oil tanker ships "stranded" at sea due to no global demand for oil - approx cost per day per ship is $30,000/-.

Link to tweet

?s=20

[OAITW r.2.0]

1. Helps explain why contracts are trading for

Cheaper to give it away than pay tanker storage costs.

[TwilightZone]

2. The information appears to be inaccurate.

"As part of our social presence, we take great pride in being responsible sources of verifiable data. Currently, there are a accounts spreading a misinformed narrative of that "tankers are full of oil"; using unfiltered @MarineTraffic
maps. Here's what it really looks like. "

Link to tweet

[ret5hd]

3. Frankly, don't see that much difference.

[TwilightZone]

5. The difference is obvious.

And they're not "stranded". They're in transit. The original tweet is ridiculous hyperbole.

[Dem2]

7. One of the replies says they are perhaps 10% more cargo burdened than normal

This whole thread is ludicrous. It should be deleted.

[Dem2]

6. lol

[Bernardo de La Paz]

4. Sure seems like peak. Post-covid life will be changed: less commuting for example. . . . nt

[Igel]

8. Sure.

Under a massive redefinition of the term, retaining nothing of its meaning except the connotation.