World’s Top Oil Trader Is Now A Used Car Salesman

Featured Story

Vitol Group, the world’s largest independent oil-trading firm, has been startled by the prospects of peak oil demand as it must diversify operations today to survive the decade. Vitol recently formed a new business venture called Vava Cars, aiming to become “the most trusted car transaction platform in the world,” the company states on its website

Vitol is a top energy and commodities trading firm globally, with over five decades of operating in financial markets. In 2019, the trading firm bought and sold more than 8 million barrels of oil and petroleum products per day. 

The company is getting into the used-car business with an exclusive launch of its second-hand vehicle transaction platform in Turkey and Pakistan. Further rollouts of the platform are expected in other countries in the coming months. 

“Our revolutionary new service takes the hassle out of second-hand trading vehicles and allows consumers to sell and dealers to buy with confidence,” Vava wrote on its LinkedIn profile. “We are the future of used car selling and buying.”

Bloomberg said Vitol’s launch of the platform is a means to diversify its “core business of buying, blending and transporting oil and refined hydrocarbon products amid the transition to greener fuels.” The move also outlines the firm sees doom and gloom in energy markets as the peak oil demand could be sometime in this decade: 

“While Vitol has said it doesn’t expect global oil demand to peak until at least 2030, it has already moved aggressively to diversify some of its business away from oil. The Rotterdam-based company has made investments in wind, solar, and battery storage while recently beefing up its power trading business. It’s invested in one company that converts plastic into diesel and another that uses coal to create hydrocarbon liquids. It’s also bankrolling a proposed carbon capture and hydrogen project in the U.K.,” said Bloomberg.

The launch of Vava has had perfect timing as used car prices in Turkey have been on a tear this year. Bloomberg explains soaring used car prices is because a shortage of new ones as people are using vehicles to hedge against rapid inflation as the value of the Lira plummets

Used Car Prices In Turkey 

Turkish Lira 

Vitol’s access to low-cost capital will expand Vava to one day become the world’s largest used car salesman. As for what the trading firm gets into next, as peak oil demand could be ahead, is anyone’s guess… 

StevieRay Hansen
Editor, BankstersCrime

God often uses men who are not of the best moral character. Pharaoh, Nebuchadnezzar, Cyrus, Herod, and Trump (amongst others), to accomplish His will in events He orchestrates during human history. We either trust the sovereignty of God or we don’t. Nothing happens apart from Him…

The best index to a person’s character is how he treats people who can’t do him any good, and how he treats people who can’t fight back…

The Birth Pains Are Growing Stronger….

One of the signs of ruling class collapse is when they can no longer enforce the rules that maintain them as a ruling class. When the Romans started making exceptions to republican governance, it was a matter of time before someone simply decided the rules no longer applied to them. Perhaps the robot historians will consider Obama our Marius or Sulla. Maybe that person is in the near future. Either way, the rule of law is over and what comes next is the rule of men.

“Don’t piss down my back and tell me it’s raining.” Outlaw Josey Wales

WE NOW LIVE IN A WORLD THAT IS PURE FABRICATION

BanksterCrime

PayPal.Me/the127faithfoundatio

My job is protecting children. It has taken me from big cities to rural outposts, from ghettos to penthouses, and from courtrooms, into demonic battlefields. But whatever the venue, the truth remains constant: Some humans intentionally hurt children. They commit unspeakable acts—for their pleasure, their profit, or both. StevieRay Hansen, CEO The 127 Faith Foundation

Don't Miss

Will Bancorpsouth Bank (NYSE:BXS) Run Out of Steam Soon? Short Interest Is Down

By StevieRay Hansen

The dictionary defines capitalism as “an economic system characterized by private or corporate ownership of capital goods, by investments that are determined by private decision, and by…

Read More

BancorpSouth Bank (BXS): Watch List Financial Stock,UP-Date 4/22/19

By StevieRay Hansen

If materialism was ever to satisfy anyone, it would have been Solomon, the richest king the world has ever known. He had absolutely everything and…

Read More

What Ever Happened to Antitrust?

By StevieRay Hansen

The May 20 settlement between the Justice Department and five giant banks reveals the appalling weakness of modern antitrust. The banks had engaged in the…

Read More

Equity Focus: Investors Taking a Second Look at BancorpSouth Bank (NYSE:BXS) After Recent Market Moves,Money Flow Indicator Has Ducked Below The Zero Line

By StevieRay Hansen

Wealth-creating capitalism requires more than just competition and trading. Beneficial capitalism is founded on the “rule of law and virtues like cooperation, stable families, self-sacrifice,…

Read More

Chevron New (CVX) Shareholder Fort Point Capital Partners Cut Its Stake

By StevieRay Hansen

JUST BECAUSE WE CAN’T SPECIFY THE EXACT REASON FOR PAIN, THAT DOESN’T MEAN THERE ISN’T ONE. Bank are bad for society as a whole, Christians…

Read More

MetLife Investment Advisors LLC lessened its position in shares of Bancorpsouth Bank (NYSE:BXS) by 19.9% in the 4th quarter

By StevieRay Hansen

Why doesn’t God cause Christians to win the lottery so the money can be given to good causes? God doesn’t need the lottery to fund…

Read More

Technical Investor Update for Bancorpsouth Inc (BXS)

By StevieRay Hansen

I have a confession to make. Every once in a while, when the lottery jackpot is worth at least a few hundred million dollars, I…

Read More

Criminals got good service at Nordic banks

By StevieRay Hansen

Being “good” can get you far in our world. Good behavior wins praise, commuted jail terms, and tangible rewards. Good deeds net accolades and often…

Read More

He is a no stranger to the readers of business and corporate crime.

By StevieRay Hansen

God did not overlook the corruption in Noah’s day: “Then the Lord saw that the wickedness of man was great in the earth, and that every…

Read More

BancorpSouth Bank:Transgender robber convicted of stealing to fund sex change operations

By StevieRay Hansen

The Golden Rule is doing to others what you would want them to do to you. If you were living a life controlled by a…

Read More

StevieRay Hansen

Leave a Comment