Posted on 11/14/2011 4:31:24 PM PST by Ron C.
Edited on 11/14/2011 4:36:08 PM PST by Admin Moderator. [history]
LINCOLN, Neb. – Days after the Obama administration threatened to delay approval of a planned oil pipeline from Canada to the Gulf of Mexico -- angering unions while appeasing environmentalists -- the company seeking to build the pipeline says it's willing to reroute the project to get it back on track.
TransCanada said Monday evening it will move the planned pipeline out of the environmentally sensitive Sandhills area of Nebraska, and is confident the project will still win approval.
Thackney, do you have a comment on that?
Two reasons:
1. There isn't enough refinery capacity in Montana, Wyoming and Colorado to handle the quantity (7-800,000 bpd, around 8% of our total consumption). There is in Texas.
2. Even if there were, there is no existing distribution network of refined product pipelines emanating from these areas. There is in Texas. After you refine the crude, you've got to have a way to get the refined product to market. The fuel oil fraction, e.g., will largely end up in the Northeast.
Hmmm, what if several states simply said we are building it, privately and state financed, we are building it?
You can't fault them for that. they are there to pump oil and make a profit, not hurt their shareholders to make a statement.
PS: there is already a Keystone pipeline through Nebraska. It came on line over a year ago. This XL line is an expansion of an existing system.
Hey, whatever happened to the Alaska to CONUS Trans-Canada NG pipeline?
You forgot to look up. My neighbor’s family had a vacation cabin in the Sandhills and the big draw was the night sky. The stars were awesome.
Ogalalla Aquifer http://en.wikipedia.org/wiki/File:Ogallala_Aquifer_map.png
Crude oil trunkline network in US: http://www.pipeline101.com/Overview/crude-pl.html
and http://www.exxonmobilperspectives.com/2011/11/03/how-keystone-xl-will-fit-into-the-vast-u-s-pipeline-network/
yeah, right. stars very bright.
but they’re brighter in the rocky mountains, camping out at 10,000 ft.
Rich NIMBYs of both political parties are using their influences to keep it from going through or near their properties. They should give it up. I’m very happy to say that property values will be going down for decades, and there’s nothing that those corrupt people can do about it. We Baby Boomers will be croaking in great numbers for the next 20 years or so.
Many anti-American regulations against productivity in rural areas need to be abolished and buried forever.
Both good places for many more rendering plants, incinerators, salvage yards, and generally, men doing industrial work. The other end of the default process is going to be a pleasure.
A year ago October, my wife and I drove over the Trail Ridge Road in Rocky Mountain National Park just before it closed for the winter. We were at the top at 12,183 ft. around 9 PM. They sky was incredible! But my wife was petrified when I stepped out of the car to watch and listen. It was a bit unnerving when we drove around one bend near the top and a huge bull elk was standing calmly in the middle of the road.
Have you checked the capacity of the refineries in Montana and Wyoming? I did. About 350,000 barrels a day. Now, I don't know for sure, but I bet they are running over 300,000 barrels/day throughput. What do you want to do with the extra 750,000 barrels?
I know, let's build a giant refinery in Montana to soak up the difference. Now you have another 700,000 plus barrels a day of refined product in Montana. GREAT, THERE IS NO MARKET IN MONTANA OR SURROUNDING STATES FOR THIS PRODUCT. There is also no way to transport this product from Montana to the markets where it is in demand.
The refinery capacity to handle this oil is on the gulf coast. The storage facilities for crude oil and refined product are there or in Oklahoma, which is serviced by pipelines. From there is goes to market VIA EXISITNG PIPELINES to the east coast, the south, and the midwest.
Don't you think the shippers and TransCanada already figured this out?
Yes it can, and it will be.
Calm down will ya.
Why wouldn’t you want to hook oil producers Canada, Montana, Wyoming, Colorado, Oklahoma and Texas all together via a pipeline route since they plan on building one anyway?
There’s also a pretty serious east-west rail corridor going through CO, NE, IA etc.
There isn’t enough refineries in CA/WA/OR combined to handle the load - only TX can, and get it back out-of-state to consumers with the best established rail system that exists for that very purpose.
The Keystone XL would simply move raw materials to the processing plants in Texas which would refine it and ship it to market.
Obama made a purely political decision that will cost America thousands of jobs, a secure supply of oil and, as a bonus, send those jobs and that oil to America's avowed enemy, China.
I don't know what else to say. I don't know how else to explain it. I don't understand your post.
Warren Buffett has the President’s ear and his railroad is ready to carry the oil in tank cars. There are currently over 56,000 railroad cars on order. Some will carry frack sand and about 20,000 of them are tank cars for oil.
Here’s the current backlog:
Trinity Industries: 27,885
Greenbriar Cos: 15,400
American Railcar Industries: 7,100
FreightCar America: 6,311
At an average shipping cost of $6 per barrel, Mr. Buffett’s BNSF railroad stands to get about $3 million per day to carry half a million barrels of oil each and every day that this pipeline is delayed.
OK, let me boil it down.
Why not build the pipeline from Canada to TX through oil friendly states instead of just defaulting to China?
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