Patterico's Pontifications

6/22/2019

Massive Drug Bust in …

Filed under: Crime — DRJ @ 8:23 pm



[Headline from DRJ]

Reuters – U.S. seizes $1 billion worth of cocaine from ship in Philadelphia.

16.5 tons, one of the biggest seizures in decades.

— DRJ

15 Responses to “Massive Drug Bust in …”

  1. You load sixteen tons, what do you get?
    Thirty to life, I think.

    nk (dbc370)

  2. A favorite author had another term for cops and prosecutors’ “street value” when talking about drug busts: “Publicity value”.

    nk (dbc370)

  3. Street value? What? $100 million?

    32,000 lbs of cocaine.

    rcocean (1a839e)

  4. 512,000 ounces. That’s less than $2,000 per ounce. I take my comment #2 back. That sounds about right. On the low side even.

    nk (dbc370)

  5. $1 billion sounds about right.

    nk (dbc370)

  6. That is a great song, nk.

    DRJ (15874d)

  7. It’s 16.5 million grams (roughly one line for every man, woman and child in the US…)

    I dunno what a gram of flake goes for on the street nowadays, but once upon a time it was around $100.

    That would put the value well over $1B.

    And I imagine they adulterate the stuff after importing it, so when it’s cut you can multiply that by at least a few.

    Dave (1bb933)

  8. An ounce was $2,000 when I defended an “ounce dealer”, and that was a while ago. I never had a kilo dealer, so I don’t know what the wholesale discount for larger amounts is.

    nk (dbc370)

  9. Here is a site that claims to give prices per kilo in various locations.
    http://www.narcoticnews.com/drug-prices/cocaine/

    Ah, American capitalism! How else would we have commodity price reports on illegal drugs!

    Kishnevi (573b0b)

  10. This helpful page lists the price of a kilo in various cities.

    It says about $33K/kilo for Philadelphia. So that’s ~$1k/ounce. Seems plausible.

    The listed price in SoCal is about half that.

    Dave (1bb933)

  11. Dave, great minds think alike,
    Or at least use Google the same way.

    Kishnevi (573b0b)

  12. Snowstorm in June; film at 11.

    DCSCA (797bc0)

  13. In L.A. it’s only about 300 million.

    But “this amount of cocaine could kill millions” seems overwrought. I mean, sure it could, but then the amount of .30S&W ammunition in guns shops could ALSO kill millions. But won’t.

    Kevin M (21ca15)

  14. *.32S%W

    Kevin M (21ca15)

  15. That is a great song, nk.

    I know most of it by heart. This morning I tried to pass it off to my daughter as country-rap, like Old Town Road, but she wasn’t buying it. She said “It’s country”. We did get into a discussion about company towns and company stores, and Carnegie, Rockefeller, The Gospel Of Wealth, and the hypocrisy thereof, though.

    nk (dbc370)


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