2025_03_30
Dark Shipping
Here is a very 40-pages interesting paper by J. Fernandèz-Villaverde et al. on dark shipping, i.e. the "illegal" transport of crude oil by tankers to avoid official sanctions.
The conclusions are very sober: Thanks to dark shipping (which represents ca. 7% of all crude oil transport), the quantity of transported oil does not change, just the methods do! On the positive side, this strategy seems to lower oil prices.
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