Posted on 11/04/2011 7:26:03 AM PDT by thackney
If Keystone XL isn’t approved, we will have literally shot ourselves in the foot.
If Obama vetoes this, the oil sands production will go straight to America's biggest rival/strategic enemy. America will have fewer jobs and less access to a secure petroleum supply. How smart is that?
bump.
I'm a bit confused? Keystone will handle 120,000 or 900,000 barrels per day?
No, Old Retired Army Guy, you will have shot yourself in the chest.
Let me guess, it’s either choo choo (Buffett) ro Chinese.
Canadian Natural Resources Limited (CRNL) has committed 120,000 BPD to the Keystone pipeline. That is the amount of the product they own they will move through the pipeline.
TransCanada owns the Keystone Pipeline and is proposing the XL expansion.
The first leg of the Keystone Pipeline from Hardisty, Alberta to Wood River / Patoka, Illinois has throughput capacity of 435,000 barrels per day.
Phase II of the project to Cushing will be completed in late 2010 and increase capacity to 591,000 barrels per day.
The Gulf Coast Expansion will add an additional 500,000 barrels per day in late 2012.
When completed, the expansion will increase the commercial design of the Keystone Pipeline system from 590,000 barrels per day to approximately 1.1 million barrels per day.
With the additional contracts, the Keystone Pipeline has now secured long-term commitments for 910,000 barrels per day for an average term of approximately 18 years.
http://www.transcanada.com/5732.html
Thanks for the info thackney!
Thanks for the info!
They would be happy to take product rather than just profits from their Canadian investment.
Using gravity to ship it down the Mississippi is very cost competitive. Possibly robotic slow flying high fuel efficiency air freighters could be made competitive. Flying 100 mph in the thin air at 40,000 feet is extremely fuel efficient. It's the human pilot cost of flying 2,000 miles at 100 mph that's the problem.
Rather than transporting the bitumen, why not build enough oil bitument fired boilers near the source and export the electricity? They’d probably also be able to recapture some heat to use in processing and extracting the bitumen.
It’s a whole lot cheaper to build and maintain transmission lines than pipelines.
Barge traffic is not shipped without power. Power must be used to provide steerage as a minimum. Adding a slower rate of large traffic volumes would cause lots of problems.
Possibly robotic slow flying high fuel efficiency air freighters could be made competitive.
Only if you have figured out an extreme low cost anti-gravity system. We are talking about a mass of over 200 tons per minute of flow.
Flying 100 mph in the thin air at 40,000 feet is extremely fuel efficient.
Lifting 200 tons per minute to 40,000 feet is an insane cost.
It's the human pilot cost of flying 2,000 miles at 100 mph that's the problem.
The cost of the pilot would not even be in the margin of error of the cost of fuel.
Because the bitumen is not used for electricity. It is far more valuable refined into transportation fuel like gasoline and diesel.
Its a whole lot cheaper to build and maintain transmission lines than pipelines.
It would be a whole lot more expensive burning bitumen in place of coal.
I think you would be surprised about the line losses of electricity. Over seven percent of the electricity that currently leaves power plants is lossed in transmission/distribution traveling far less distance than you are suggesting.
Electricity Power Flows, 2010
http://www.eia.gov/totalenergy/data/annual/pdf/sec8_3.pdf
The last thing the Canadians would want is competition for their exported hydro power.
The cost of electricity generated by burning bitumen would be no competition at all.
Obama is literally running out of space to vote “present” on this one
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