Posted on 08/26/2014 12:22:14 PM PDT by thackney
GOOD
Just as reference, how many barrels does the average oil tanker carry?
Obamarx is going to be troubled by this. He may take a triple on 5.
Pray America wakes up
I agree with your comment. That doesn’t look like anything more than normal fluctuation.
One reason would be that Saudi Arabia wasn’t providing the majority of U. S. oil in recent years. We had spread around our imports rather wisely. (Hard to believe) Canada and other suppliers were far less problematic than the Middle-East.
A fellow FReeper brought this to my attention a few years back. I’m glad he did.
If we do continue to expand production, at some point it might high the Saudi supply line negatively.
It couldn’t go on forever. It begs the question, just how much decline would it take to destabilize the Saudi government. Big income generally means big outlays and commitments. Does a 25% cut in revenue cause chaos?
It will be interesting to watch as Saudi does decline. People here who thought Saudi was our biggest enemy over there may get to see what it would be like without the leadership it has now. My take is that it would be a very dangerous entity.
The government moderated a lot more than people here think it did. That’s been my take. Without that leadership and moderation, we’re talking some very anti-West people with a fair amount of deep pockets.
Perhaps I’m wrong, but I believe it get way worse in decline.
Valarie Jarrett is deeply saddened.
Bump
Not good enough, as it only costs Saudi Arabia $6.00 to produce one barrel of oil. Oil produced from shale in the US costs $65.00 a barrel to produce.
Thanks Moose07
Very Large Crude Carrier (VLCC): any oil tanker 200,000 dwt (deadweight tonnage) and above. Which is further sub-categorized into Ultra Large Crude Carriers (ULCCs), vessels 320,000 DWT and above. There are currently approximately 500 VLCCs in operation, though a significant proportion of these ships are used for floating storage or have been converted into Floating Production Storage and Offloading vessels (FPSOs).
Typically, VLCCs carry 2.1 million barrels of oil, the largest VLCC can carry approximately 3.1 million barrels.
VLCCs commonly carry more than one type or grade of crude oil; their hulls are separated into up to ten tanks, allowing for multiple loads and discharges.
http://theenergylibrary.com/node/8152
I believe the Knock Nevis has gone to the Indian Ship Graveyard.
Also, smaller ships have their place as well.
Aframaxes are best suited to short to medium-haul routes.
Examples: North Sea/Baltic, Former Soviet Union to Europe and Venezuala to the U.S.
An Aframax is a medium-sized oil tanker which ranges in size between 80,000 and 119,999 deadweight tonnes. Aframax tankers have an average cargo carrying capacity of 750,000 barrels.
Suezmaxes are best suited to medium to long-haul routes.
Examples: West Africa to the U.S. Atlantic Coast and Black Sea to Mediterrean/Europe
Suezmaxes are medium-sized oil tankers that are slightly larger than Aframaxes, ranging in size between 120,000 and 199,999 deadweight tonnes, with an average cargo carrying capacity of 1.0 million barrels and are named for their status as the largest size oil tanker able to travel fully laden through the Suez Canal.
http://www.teekaytankers.com/Investors/FAQ/About-our-Fleet/default.aspx
And the gas prices don’t come down for what reason exactly?
U.S. Crude Oil Imports by Country of Origin
http://www.eia.gov/dnav/pet/pet_move_impcus_a2_nus_epc0_im0_mbblpd_m.htm
Old myth
Greed? Taxes?
While global oil production is up, so is demand.
I’m more inclined to believe that he’ll take 3 mulligans ...
Aren’t these the guys that polled 92% in favor of ISIS?
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