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The real danger in Wall Street’s love affair with commodities

Posted on 01 August 2013

Morgan Stanley’s and other banks’ deep dive into the oil and metal markets might be adding risk to the financial system, and it may be tough for them to get out. Every day a wholly owned subsidiary of Morgan Stanley pumps 300,000 barrels of gasoline from its 49 terminals (a fraction of their total storage capacity of 26.7 million barrels) into trucks to be delivered around the country.
It’s also a major supplier of fuel to cruise lines. It already owns a 67-mile pipeline that moves gas from Missouri to Arkansas………………………………………..Full Article: Source


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VRS - who has written 36638 posts on Opalesque Commodities Briefing.


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