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Originally Posted by ezrabrooks
I said (meant) the price went to about $75 this time (2006)...and around $46 in the early 1980's.
They (the tankers) weren't allowed to unload? I have to ask.. who was stopping them? Are you saying the owners of the tankers, the owners of the crude, the refiners.....or the feds, were stopping them? The whole conspiracy claims concerning crude oil price manipulation just doesn't hold water, as why did prices dip into the single digits in the late 1980's? OPEC, through production, can maintain a price, but this is far from any oil company or US government conspiracy.
Ez
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I don't know why the tankers weren't being off loaded. I DO know what a loaded tanker looks like. All you have to do is look at the water line.
The fact is, they were anchored in the Hudson while the lines went for blocks at the gas stations.
You're guess as to why they weren't delivering their shipments is as good as mine. Maybe better.
I just know what I saw with my own eyes.