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last updated at 2009-09-21 23:02


Dirt Poster

J.S. Bach - Crab Canon on a Moebius Strip

Finnish Women

Zero Hedge: Thousands Of Rusting Ship Hulls Are A Fitting Tribute To The Speculative Market Bubble

surrael: o/' fuck all else to do o/'
surrael: oh .. and remember, like the politicians tell us, the GFC is over gaddamit! get back to buying things and lending each other money!
surrael: i wonder if this means we don't have to do anything about the CO2 problem now?
surrael: "...queue at the bank.. or a traffic jam ... Have those boats been there before the economic meltdown? YES.. i have lived in Singapore for 5 years and seen the exact same amount of boats parked there every year..."
surrael: nothing to see here folks, move along
surrael: "...but if the ships were in a 'queue,' they would still be green...under charter......"
surrael: "Actually, red denotes a ship that hasn't moved recently, it does not reflect whether or not it is under charter..."
surrael: not moving
surrael: "...The majority of the ships around both Singapore and Istanbul are 'moored', as are many in other areas..."
surrael: "...Barges are not tracked by this system. You can say who cares but there are barges out there that can carry in excess of 200,000 barrels of product. That was the racket during the price boom. Load up barges send them out to anchor till after inventory and then bring them back...."

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