$47 million, just to maintain.
We can't sell the oil, so we're just stuck with it, paying its maintenance.
From just one tanker, already spent $47 million to maintain it in only three months.
We seized other tankers, as you know.
We are going to wind up wasting 100s of millions of dollars maintaining other countries' tankers.
WTF?
Where's DOGE?
++++++++++++++
NYT: The Oil Tankers Trump Seized Are Costing the U.S. Millions of Dollars
Although President Trump said seizing tankers would be a financial boon, the cost of maintaining just one aging ship has already reached $47 million.
In an effort to crack down on nations it views as promoting terrorism, the Trump administration has been carrying out a campaign of seizing tankers carrying oil, a move the president has repeatedly characterized as a financial boon for Americans.
But there’s a problem.
The seizures have put the U.S. government in a financial bind. The ships are highly expensive to maintain. And the Trump administration cannot legally sell their oil without a judge’s permission.
Maintaining the seized tankers has already cost the United States tens of millions of dollars — in one case, $47 million in only three months — and complicates Mr. Trump’s claims of swift financial victories from his military operations targeting Venezuela and Iran.
The situation is laid bare in U.S. District Court in Washington, where Trump officials are detailing the financial burden of maintaining a seized tanker.
Consider the case of Motor Tanker Skipper No. 9304667.
The United States seized the tanker and its more than 1.8 million barrels of Venezuelan petroleum on Dec. 10 as it made its way from Venezuela to Asia.
Since then, the costs to maintain the tanker and its oil have mounted.
The government has already spent $47 million repairing and maintaining the aging ship, which is only valued at $10 million, federal prosecutors said in a court filing. And it will most likely need to spend another $5 million over the next few months to cover insurance and crew, among other costs.
Moreover, storing the ship’s oil costs the government $15,000 per day, or about $450,000 per month.
Our Pedo in Chief is a genius!!!!!