RE:*Vitol versus Wall Street, Vitol is winning and so is Asia!*What should we watch and learn? Vitol has massive infrastructure investments and makes money when the market is in contango. In backwardation they lose money. Long term oil spends most of it's time in backwardarion. Why is what vitol does of any relevence to people that are not planning to invest in the massive oil storage infrastructure or charter tankers?
What's the opportunity cost in using dollars now to buy that $47 oil barrel, what';s the interest payments on it, what are the storage costs, what are the transport costs to deliver the $50 barrel months down the raod? LMAO if you don't know any of this then why is Vitol so much smater then other traders who only deal with paper?