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Sign of the times: See dozens of oil tankers off California coast as demand plummets
The Sacramento Bee ^ | April 27th, 2020 | By U.S. Coast Guard via Storyful

Posted on 04/27/2020 6:30:50 PM PDT by Mariner

Dozens of oil tankers anchor off the Californian coast near Los Angeles and Long Beach as the reduced demand for oil takes hold. The tankers are acting as storage tanks for oil as demand has reduced throughout the coronavirus pandemic.

(Excerpt) Read more at sacbee.com ...


TOPICS: Business/Economy; News/Current Events
KEYWORDS: oil
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Great video at the link showing at least 40 million barrels of oil sitting off the coast of LA harbor.

Nobody wants it and it's costing somebody big money to just leave it there.

1 posted on 04/27/2020 6:30:50 PM PDT by Mariner
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It’ll be gobbled up in a couple weeks when the economy gets going at full tilt, but that isn’t likely to begin in California.

http://www.freerepublic.com/focus/search?m=all;o=time;q=quick;s=tankers


2 posted on 04/27/2020 6:33:11 PM PDT by SunkenCiv (Imagine an imaginary menagerie manager imagining managing an imaginary menagerie.)
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To: SunkenCiv

In a few weeks? Try months or years

The oil glut was happening BEFORE cornyvirus

Cornyvirus just made it 100x worse


3 posted on 04/27/2020 6:43:03 PM PDT by Trump.Deplorable
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To: SunkenCiv

Paid $1.11 yesterday. It’s $1.29 today.


4 posted on 04/27/2020 6:45:45 PM PDT by ButThreeLeftsDo (MAGA!!!)
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To: Mariner

Gavin says 5 more weeks. The People won’t wait.


5 posted on 04/27/2020 6:49:09 PM PDT by samadams2000 (Get your houses in order.)
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To: Trump.Deplorable

Still $3.05 for cash her in Cali. And no one uses cash.


6 posted on 04/27/2020 6:49:57 PM PDT by samadams2000 (Get your houses in order.)
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To: samadams2000

“Still $3.05 for cash her in Cali. And no one uses cash”

Big State, I haven’t paid over $2.79 in a month.


7 posted on 04/27/2020 6:52:04 PM PDT by DAC21
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To: ButThreeLeftsDo

There could be shortages due to the transportation problems, to go with the usual average wholesale cost of the station’s tank contents.


8 posted on 04/27/2020 6:53:17 PM PDT by SunkenCiv (Imagine an imaginary menagerie manager imagining managing an imaginary menagerie.)
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To: samadams2000

$2.25 is probably in taxes


9 posted on 04/27/2020 6:54:21 PM PDT by Trump.Deplorable
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To: Trump.Deplorable
In 2019, the US sucked down over 20 million bbl a day. A few big tankers won't take long.

10 posted on 04/27/2020 6:54:54 PM PDT by SunkenCiv (Imagine an imaginary menagerie manager imagining managing an imaginary menagerie.)
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To: SunkenCiv

More then just a few

Way more hanging out in that ocean, you just don’t see them

I am sure you can see them down in the gulf or off the shores of Jersey as well.


11 posted on 04/27/2020 6:56:13 PM PDT by Trump.Deplorable
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To: SunkenCiv

It’ll be gobbled up in a couple weeks when the economy gets going at full tilt, but that isn’t likely to begin in California.
***********************************************************
Governor Gavin Newsom should order some of the tankers to empty their contents into the ocean to foul the beaches. That will get the recalcitrant California peasants off the beaches and back into their homes in obedience to their state’s Governor’s dictates. Who do they think they are, anyhow, to disobey the Governor?


12 posted on 04/27/2020 6:58:59 PM PDT by House Atreides (It is not a HOAX but it IS A PRETEXT)
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To: ButThreeLeftsDo

So where was that? Is it a secret?


13 posted on 04/27/2020 6:59:33 PM PDT by Cobra64 (Common sense isnÂ’t common anymore.)
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To: SunkenCiv

“A few big tankers won’t take long.”

As long as we quit producing oil it won’t take long at all./s


14 posted on 04/27/2020 7:04:05 PM PDT by Mariner (War Criminal #18)
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To: samadams2000

My last fillup was at $2.76/gal. For premium, using my credit card. In San Jose.


15 posted on 04/27/2020 7:10:05 PM PDT by ZirconEncrustedTweezers (Posting from deep within enemy territory - San Jose, CA)
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To: Trump.Deplorable

Consider that oil production must be shutting down. Who would keep producing oil they can sell. Plus there must be some some operations that going belly up.

With that in mind it pretty fair to say that when the economy opens up then there is going to be very little production occurring. So stored oil is going to be used quickly and more than likely we will quickly end up with an oil shortage. Because there is going to be a delay in restarting production, and an actual long term reduction in production capability.


16 posted on 04/27/2020 7:18:24 PM PDT by Revel
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To: Mariner
And Cali banned drilling for oil off their coastline years ago, because of "ecology". Drove all the oil companies out of the state to protect their seals and duckies.

How many potential Exxon Valdez tragedies are parked right offshore now?

17 posted on 04/27/2020 7:19:59 PM PDT by ZOOKER (Until further notice the /s is implied...)
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To: Mariner

As big as these oil tankers are you can see how small they are compared to the ocean. More oil has leaked from the natural seeps near Santa Barbara.


18 posted on 04/27/2020 7:21:10 PM PDT by minnesota_bound (homeless guy. He just has more money....He the master will plant more cotton for the democrat party)
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To: Trump.Deplorable

You’re not a deplorable. Deplorables are tough and resilient. They’re not cry babies. Wow


19 posted on 04/27/2020 7:22:37 PM PDT by dp0622 (Radicals, racists dont point fingers at me I'm a small town white boy Just tryin to make ends meet)
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To: SunkenCiv

Or they might be in an image on a website a thousand years from now posted by somebody :-)


20 posted on 04/27/2020 7:23:16 PM PDT by dp0622 (Radicals, racists dont point fingers at me I'm a small town white boy Just tryin to make ends meet)
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