Your Ship Has Come In

Motherboard’s Jordan Pearson: “Oil is incredibly cheap as demand plummets and speculators panic sell and even pay others to store it in a desperate bid to never actually possess the barrels they bought on paper. This situation reveals both the absurdity and fragility of how the world is currently organized, but, given that during previous oil gluts traders stored oil in old tankers, it also made me wonder: Would it be worth it for a random guy like me to buy a used oil tanker and fill it with cheap oil to make a profit later?” (This reminds me of the old Steve Martin joke where he brags about investing in 6 tons of cardboard — and only having to keep three tons of it at his house.) I would buy an oil tanker, but I invested all my money in a cruise ship.

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