How do oil terminals make money?
Traders are stimulated to buy crude or oil products on the spot market, in order to increase demand, and put this oversupply into storage so that they can sell it on the futures market for higher prices and for delivery somewhere in the future. The contango is there to enable traders to earn money on this play.
What is a jetty for kids?
A jetty is a structure that extends from the shore into a body of water in order to influence the current or tide, often to protect a harbor or shoreline. Most jetties resemble either small breakwaters or piers, and they may be built straight or curved.
What are jetty rocks?
Jetty rock are very large stones ranging in size from 3′ to 10′ or more, usually weighing 2 to 10 tons each. Gibraltar’s signature jetty rock can be seen protecting beaches all along the New Jersey coast. ● Common uses: shoreline protection, dune preservation, and even a landscaping focal point.
