For oil storage.
Watch the CEO of Nordic American Tankers (NAT) quote Cramer $70k per day to lease an oil tanker. Buy spot/sell forward and that arb should drive the forward/futures premium relatively close to the cost of carry.
Traded a lot of NAT back in the day.
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In economics, things take longer to happen than you think they will, and then they happen faster than you thought they could.
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Global Macro Monitor
Right!
In the most cyclical industry in the world!!!