We will keep the remaining stake in cash to deploy later.Refined products are a little different – they use more specialized tankers to push product around the world. And those cases have only recently begun to decline.

And there is no better refined product shipper in the world than Scorpio Tankers (NYSE: ). But the town’s mayor insists on keeping them open, as local businesses rely heavily on summer tourists.Hamstrung by the town’s executive branch, Chief Brody reluctantly accepts their course of action. A few states and municipalities have been aggressive, but many haven’t. But after another death, he consults an oceanographer who not only confirms the initial incident was a shark attack, but also determines that it was specifically a Great White.Despite the expert advice, the mayor declares the beaches safe again after local fishermen catch a large Tiger Shark. And finally, certain refined product consumers (airlines, petrochemical manufacturers) will continue to hurt long into 2020.But there’s plenty of time to establish a beachhead on those shores…for now, we batten down the hatches.

We're either all the way left, or all the way right The only time we meet in the middle is to fight The rich get richer, the rest get a little more broke We're gonna need a bigger boat The floods down south, the fire's out west You turn on the news, scares you to death Give me that hammer, someone hold my coat Yeah, we're gonna need a bigger boat I keep seeing this quote from the movie ‘Jaws’ pop up frequently in financial circles this year.I have read it in articles, chuckled at Twitter gifs, and I’m even starting to see it on mainstream social media networks. In turn, that depletes the supply of available ships while demand continues to grow unabated. That means that the entire world can expect around 14 million barrels/day of demand to simply Add in a potential 70% decline in jet fuel, and another 5.5 Mb/d comes out.A 70% decline in industrial production pulls out another 7.8 Mb/d.Petrochemical feedstocks can expect a 50% haircut, or 7.2 Mb/d.And finally, residential/commercial/agricultural appears to be coming down by 30%, or 3 Mb/d.That brings us to a projected short-term demand shortfall of President Trump has suggested that Saudi Arabia and Russia will peel back 10 million barrels/day of production – “While the pair have publicly hinted at production cuts, In turn, that means there’s a heck of a lot of crude oil and refined product coming to market that has In fact, we’re going to need a couple of different fleets.We’ll need one of them to carry and store all that crude oil that can’t find refiners to buy it.And we’ll need a different fleet to carry and store all the refined products (diesel, jet fuel, gasoline, etc.) Phrase originaly used by well known actor Roy Scheider in the 1975 blockbuster 'Jaws'.

All those boats will get booked up by distressed producers hobbled by force majeure declarations. Écoutez We're Gonna Need a Bigger Boat par XV Kilist & Rocco sur Deezer. register at roughly 80% of normal, and global crude oil production hovering near all-time highs (chart below), it makes me wonder…According to the International Energy Agency, China accounted for roughly Yet that growth turned negative in February, when the entire country was essentially shut down by COVID-19.Worse, that lockdown spread to Europe in March, and now in April, it appears to be moving on to the world’s largest economy here in the US.That amounts to a 28% decline in driving, despite a month of recovery. That’s worthy of taking a 1/3 stake right now and setting a limit order to pick up another 1/3 stake at $5. Rapid, comprehensive responses in Taiwan, Singapore, Japan, and South Korea slowed outbreaks. In fact, the state issued no significant action until a stay-at-home order just a couple days ago. The company has a solid fleet in place already, as well as several new builds in the works. I Think We're Gonna Need a Bigger Boat is the debut album of British electronic act The Brighton Port Authority.It was released on Southern Fried on 6 January 2009 exclusively on amazon.com, with a regular release on 3 February.. The parallel here is obviously the widely variant government responses to the COVID-19 pandemic. And we’ll need a different fleet to carry and store all the refined products (diesel, jet fuel, gasoline, etc.)

He utters the line when he gets a good look at the size of the shark that is circling the small fishing boat he is on. Under current volatile market conditions, So, establish a 1/3 stake now, set a limit order at the $15 mark to pick up another 1/3 stake, and save the remaining dry powder to deploy laterFor instance, crude oil prices will likely decline. that can’t find everyday consumers to buy them. Needless to say, Florida’s case load is accelerating.The truth is, data shows it takes drastic policy changes like shelter-in-place anywhere from two weeks (S. Korea, Taiwan, Washington State) toAnd because of that, we know for a fact the global economy will not be operating at anywhere near full capacity for at least that long… if not longer. The Brighton Port Authority is a project of British musician Norman Cook, better known as Fatboy Slim, and his long-time engineer, Simon Thornton. But as a longtime financial analyst, I think there are some other themes that warrant further exploration.Specifically, there are a ton of similarities with the coronavirus outbreak circling the globe.Chief among them is the proper level of government response to crisis. We’ll need one of them to carry and store all that crude oil that can’t find refiners to buy it. Some mayors and governors acted quickly, but others waited too long.For instance, King County, WA, sheltered in place more than two weeks ago, and we are now beginning to see the daily pace of new infections slow.But states like Florida have been excruciatingly slow to act. We’re gonna need a bigger boat.

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