Quote:
Originally Posted by you&me
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.
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The illustrative tolls presented to NEB for Energy East were $9.20 per barrel for a 10 year subscription.