Is it a good investment to purchase an Oil Tanker?

Question

I was thinking about investing in an oil tanker and buying the oil overseas and then having the ship sent here and then selling the oil at a higher rate than I bought it, do you guys think this is a wise move. Please respond

Answer 1

That would depend a great deal on how long this business venture is expected to last in order to make a satisfactory profit, and how effective your business abilities are. Facts are:

There are billionaires wo invested their entire life in oil, and are desparately scrambling to get out of the business ASAP

There are multinational companies who already own the entire process from extracting crude oil to converting it to fuel and selling it at petrol stations, and they are losing money.

so now the business aspect of your idea. the oil business is going downhill slowly but at an accellerating rate. If you can buy the infrastructure to enter the market, make some money from buying and selling the fuel, and get out early enough to at least break even on the original cost of the infrastructure, it probably still wouldn't be worth it, given the overhead costs, and the fact that you want atleast a half decent percentage profit expectation. you'd get more profit per month investing in blue chips or the all ordinaries.

If you want to invest in high profit percentage expactancy infrastructure, look to businesses that are destined to replace something that everyone agrees is a dying commodity. What do you think will replace oil, coal, and gas? you could look to nuclear, photovoltaic, biogas, thermal, tidal or wind technologies. The world is your oyster. Choose profitably.

Answer 2

All major oil contracts are cornered by the big oil companies. If you find someone to sell you oil one tanker at a time you won't get a competitive price like the oil companies. Even when the price per barrel is at USD 70, the oil companies, being a cartel, probably buy them at around USD 40/barrel at a contract price. Oil companies never buy at the market price. Your better off leasing the tanker to them.

Answer 3

So you were on the bridge when it happened? Who knows how i went down. Just because there is not a word for word account in the article doesn't mean it was the US Navy's fault. Someone COULD have made an error on the tanker. You and I were not there that's why the NAVY will do an investigation. Guess sitting at your keyboard makes you qualified to know how the bridge of a destroyer is run?

Answer 4

I would absolutely invest everything monetarily possible in this rock solid venture, it is not only a wise move but a prudent one as well. Take no prisoners, economically speaking of course, however, I would suggest you donate a generous portion of your future windfall to whichever registered political party you are affiliated to, as this donation would be tax deductible. Bridge. Wheelhouse. Helmsman relieved by you, steering course $$$ by the aft gyro, all engine telegraphs indicate full ahead, sir. (insert Boatswain's pipe sound here)

Answer 5

oil isnt going to be around for ever so in vest in something that is gonna be around for lmore then the next 40 to 50 years plus you got beat to that idea buy about 60 + years

Answer 6

Go for it. If it doesn't work out to carry oil in the ship, you can always use it to cruise for chicks.

Answer 7

Sorry but Chevron, Shell, and many others already beat you to it. You would need billions for that venture, try selling pots and pans door to door instead.

Answer 8

i think the wise move would be to buy 100s of ******* bad bitches in the backseat by wes davis cds and selling them

Answer 9

I have a sinking feeling that it is not a good investment.

Answer 10

Get a life.