Where Are the Tankers? A Pronounced Market Effect

As our model churned out this year’s rankings of publicly traded companies, something was clearly amiss. We looked at the top 10 finishers and could not find a tanker company. In the main, the top 10 finishers were dry bulk companies although there were included companies, which are peripherally involved in oil movement, but none simple tanker companies. As our daughter was recently studying the Constitution, the XVIII Amendment to the U.S. Constitution, ratified January 16, 1919, crossed our mind:

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