Dr. C.

Buffett, Grantham and China: What the Savers Are Buying

"Trading companies are storing an additional 80 million barrels aboard 35 supertankers and a handful of smaller tankers, the most in 20 years.

That’s a lot of oil to work through before oil prices can move up more than 10% or 15%. "

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note: that 80 million barrels won't cover the world's needs for a single day.