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Re: Lites2014 post# 45919

Friday, 05/28/2010 10:40:59 PM

Friday, May 28, 2010 10:40:59 PM

Post# of 312015
A typical fuel tanker carries 9000 gallons. There are some differences between tankers so this is only a guestimate.

Based on a tanker holding 9000 gallons and WTI is at roughly $74. There are 42 gallons in a barrel of oil.

That leaves us with the assumption that 1 Tanker contains 214 barrels or $15,000. Minus the cost...roughly, refer back to the guestimate disclaimer, $13,000 per tanker.

Disclaimer again...this is an extremely rough guestimate with an unsual amount of rounding. This is, by no means, an acurate depiction of the nominal value of 1 Tanker...but is merely an ASSUMPTION.

Can I add another disclaimer?
D3

Oh and by the way...TheFez...You got drunk the other night?? Sorry I missed that lol!

I hope this works!