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Old February 18th, 2016 #70
alex revision
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Oil is now so cheap even pirates aren’t stealing it any more

Stealing the oil from a ship is no mean feat.

Oil tankers are enormous, and ships that carry expensive cargo are designed to be difficult to board. Stealing can mean hijacking the original tanker, disabling its tracking devices, taking it to a location where it can’t be spotted, and transferring thousands of heavy barrels to a different vessel that can then be sailed away. Stealing crude also means finding a buyer for it, or else getting involved in the messy and dangerous business of illegal refining.

http://qz.com/619281/oil-is-now-so-c...g-it-any-more/