Tanker rates need to re-rate back to economically palatable levels to entice U.S. exports, the astronomical freight rates of last few days had eroded export economics from the Gulf Coast. Michael Tran More Quotes by Michael Tran More Quotes From Michael Tran The bottom line is this is not enough to cool off the market. It's a bit of a band-aid solution, you need to super-size the numbers. Michael Tran The restarting of The Colonial Pipeline is the beginning of the end of the crisis, not the end of the end of the supply crunch, with an operational pipeline, the race to logistically replenish regional and localized gas stations is the next step. Michael Tran We built an iceberg of global inventories because of the historic demand destruction, now, inventories are essentially back to normal. We've erased that buffer from the oil market. Michael Tran This prevents the impending car crash that was happening in slow motion, dodging that iceberg is extremely constructive. But in the near-term, we continue to be plagued by the coronavirus. Michael Tran There is a staring contest between the Russia and Saudis, and everybody else is getting caught in the crossfire. Michael Tran
