The Wall Street Journal writes today: "Lease rates have soared for very large crude carriers, the 2-million-barrel high-seas behemoths known as VLCCs. The aver

The Wall Street Journal writes today: "Lease rates have soared for very large crude carriers, the 2-million-barrel high-seas behemoths known as VLCCs. The average day rate for a VLCC on a six-month contract is about $100,000, up from $29,000 a year ago, according to Jefferies analyst Randy Giveans. Yearlong contracts are about $72,500 a day, compared with $30,500 a year ago. Spot charter rates have risen sixfold, to nearly $150,000 a day. Day rates rise as the spread between oil-futures contracts widens. The basic math is that every dollar in the six-month spread equates to an additional $10,000 a day that can be paid for a VLCC over that time without wiping out all the oil-price gains, Mr. Giveans said." But there's plenty of Saudi oil going in as well. I'm not sure that they're materially more at risk of a major spill than during normal operations.