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Sunday, 17 May 2020

Oil tankers “stranded” around the world because there is no way to unload

Shipping is coming to a standstill

No photo description available.

From Facebook

This map shows the current position of oil tankers, mostly filled with oil. They are “stranded” around the world because there is no way to unload, since onshore warehouses are full, pipelines are full, and without flow, due to the low demand for oil. Although oil is now worth zero, keeping it in this condition costs about $ 30,000 a day per vessel. There is no one who buys oil if airplanes do not fly, if vehicles do not travel in cities.


Never in contemporary history has there been such a drastic reduction in the consumption of fossil fuels. The oil is standing on the surface of the oceans (in the tanks of the ships), in the deposits that are on land and in the pipelines. There is no clearer index to understand the magnitude of the paralysis and the problems that modern capitalism faces, since the ballast of the dollar is this, stopped, floating in the oceans.

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