Americans Money & Oil...

The cycle continues...
So all the construction related motoring around is stalling as well as the seemingly never ending supply of home equity cash -> most recently used to fuel more construction related motoring, to purchase various things all over the place, and to buy and fuel SUV's to drive around in gathering all the scattered things.

It's a good thing a HUGE portion of all this "MotorNesting" expense was for the fuel to power all that construction related motoring and the SUV errands....

Why -> so it can be borrowed back from Abu Dhabi now...when it's once again needed -> to fund all the "Movers Motoring" and people driving around for extra work

This is not even considering the ginormic increase in demand for fuel to propel all the vehicles which secure and operate our world energy-web infrastructures and resources while supply-line risks "floatcuate" around the globe and resource scarcity expands amongst environments of ever increasing consumptive trends...

SO, what this "bOILS" down to is fundamentally exclusive of facts and goes something like this:
refiners and other customers put off orders for oil due to high prices and sustained on reserves while reducing oil processing capacities to "optinimum" levels of positive economic operation (this reduces wear on the materials involved while margins are low and allows for opportunity downtime maintenance, re-conditioning and formulating processes and blends...etc -- Oil Transportation is cyclical ), ship owners converted single hulled vessels to other specializations and sold them off thereby skewing analysts accuracy in their estimates of VLCC vessel supply --> over-estimating the supply of ships they have...Spot rates have now just about tripled in the last couple of days and oil is needed in ever more locations around the globe...and ever so much more often sooner than when while happening slightly quicker than the prior period's faster growth which dwarfed the zippiest expansion of interconnections ever seen when the first growing tanker fleet occurred ... The End

If this doesn't make sense - well --> it's late

FRO
SFL
GMR
TNP
VLCCF
NAT

FYI: For long hauls tankers are considered less vulnerable than pipelines in regards to terrorism, natural disaster, vandalism, sabotage, maintenance oversight incidents which could potentially result in delay-disruptions to oil delivery schedules.