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Oil Tanker Rental Now Cheaper Than A Ferrari

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Mark Melin
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Oil keeps tanking and now you can get yourself a Tanker on the cheap.... It is now less expensive to rent a giant, 1,100 foot merchant ship than it is to rent a high end sports car for a day, a recent Bloomberg article pointed out. This highlights a key economic factor in today's environment and also speaks to the durability of high-end assets in the current market environment.

Oil’s breathtaking collapse continues Tanker
Oil’s breathtaking collapse continues via Investing.com

Along with the stock market highs, the price of global shipping tanker rental has fallen -- in this case by...

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Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.