Some back the envelope math suggests to me the tanker sells about 75M of oil each trip. Between the low prices, the cost of producing the oil, the cost of shipping, the cost of the lost ship, I’d expect a fairly low probability of the ships blow up is required to make these sales run an expected net loss.
Can they afford to sell sea bound oil if there’s a 1% chance that each ship blows up? Idk. I doubt it? Maybe it’s just Russia being Russia and not giving a shit about their already built crap blowing up but… surely that cost has to manifest somewhere.
Defiant-Peace-493 on
Was there ever any statement on the one off Senegal?
Leave A Reply
Du musst angemeldet sein, um einen Kommentar abzugeben.
3 Kommentare
3 down, 200 to go!
Some back the envelope math suggests to me the tanker sells about 75M of oil each trip. Between the low prices, the cost of producing the oil, the cost of shipping, the cost of the lost ship, I’d expect a fairly low probability of the ships blow up is required to make these sales run an expected net loss.
Can they afford to sell sea bound oil if there’s a 1% chance that each ship blows up? Idk. I doubt it? Maybe it’s just Russia being Russia and not giving a shit about their already built crap blowing up but… surely that cost has to manifest somewhere.
Was there ever any statement on the one off Senegal?