oil

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going on and very high rates and it's very hard to imagine much higher rates from here that are durable and so most likely you see tanker rates fall similar with refiners, very very high, historically high margins which are leading to potential restarts of refineries even in places that are hostile to oil like California. Um you're seeing expansions in refineries. You're seeing new builds. There's that Dangote uh IPO which I'm not involved in

going on and very high rates and it's very hard to imagine much higher rates from here that are durable and so most likely you see tanker rates fall similar with refiners, very very high, historically high margins which are leading to potential restarts of refineries even in places that are hostile to oil like California.

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