From: terrable on

"elmer" <e(a)f.udd> wrote in message
news:uunNm.10618$JC2.10296(a)newsfe06.iad...
> http://www.dailymail.co.uk/news/worldnews/article-1229337/Petrol-prices-Oil-tankers-loitering-British-coast-lie-wait-price-hikes.html

This news article makes little sense. What if the price of oil goes down
instead of going up? A known glut of oil sitting around would tend to push
prices down not up.

It is also much cheaper to speculate on oil prices going up using the
futures markets rather than the expensive way of physical oil sitting in
ships.