No. of Recommendations: 4
The satellite images clearly show a series of StS (ship to ship) transfers going on:
-Ship A goes to the oil terminal and loads up.
-Ship A then runs the strait and meets up with Ship B in open water.
-Ship A transfers its oil load to Ship B.
-Ship B heads to the final destination (India, Japan, wherever).
-Ship A heads back through the strait and to the oil terminal to load up again.
The US is likely bearing the cost of insuring all the Ship A's and the at-sea transfer slows things down a bit...but if you have more days of 25M+ barrels going out, the economic pressure on energy prices will ease.
