Quote:
Originally Posted by CaptainCrunch
Wonder what the cost is for what is basically a 30 day cruise of one days worth of Oil?
While running tankers through sensitive environmental areas for no good reason.
This is so stupid.
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Back when producers & oil traders were looking at off shore tankers as a means of storage, I recall reading an article that said super tanker rental had spiked to ~$200k per day, up from a normal price of ~$16k.
So, presumably rates have normalized and it's costing Cenovus around $20k per day, plus expenses that would be in addition to floating storage like fuel and crew, so let's round up to $1mm for the 30 day journey.
The tanker Cenovus is using (Cabo de Hornos) has a capacity of roughly 550,000 bbl, so it's costing Cenovus (very roughly) $2 per barrel for this farce.