Storage Capacity at Cushing?

[Wolfgang1756]

Anyone know what the current total storage capacity is at Cushing?

I understand that in the last few years it has increased quite a bit.

Also how to find out the current capacity? That it how full is it at the moment? 75%? 50%? 99%?

Obviously in 2008 when WTI peaked at $147, it must have been full, right? I mean that is why the big boys resorted to hiring supertankers as floating storage tanks... and contango was at >$10/month...

Thanks.

 

[MGJ]

Somebody owns the land upon which the storage tanks rest. Somebody (else?) owns the storage tanks themselves.

Do these people make a profit, or a loss? At what %full (capacity utilization) do they break even, i.e., profit = loss = zero ?

Is additional land available, to build more storage tanks? Who owns this land, and are they willing to sell? At what price per 100 acres?

What is the construction cost to build 100 acres worth of new storage tanks? How long would it take to recover that investment if capacity utilization (%fullness) averages 25%? 50%? 75%? 100%?

 

[nazzdack]

Quote from MGJ:
----(else?)
----loss?
----zero ?
----tanks?
----sell?
----acres?
----tanks?
----25%?
----50%?
----75%?
----100%?

It would be more "impressive" if you were full of answers instead of questions....don't you agree?