Posted on 12/28/2011 6:13:39 AM PST by thackney
http://www.colpipe.com/press_release/pr_114.asp
December 21, 2011
Additional 100,000 Barrels Per Day Slated to Be Available Early 2013
ATLANTA, Ga. A significant expansion of Colonials main gasoline pipeline, originating in Houston and connecting Gulf Coast refineries with markets across Colonials system, has been approved by the companys Board of Directors.
An estimated 100,000 barrels per day (BPD) of additional capacity will be added to Colonials Line 01 during the first quarter of 2013. Line 01 begins in Houston and terminates in Greensboro, N.C., from where shipments to the Northeastern U.S. are made.
The expansion represents approximately a 10 percent increase in Colonials overall gasoline delivery capacity, and is the third major capacity enhancement announced by Colonial in 2011. Previously announced were:
A 100,000 BPD capacity increase to the mainline serving the Northeast was put into operation earlier this year. This line begins in Greensboro and serves the Philadelphia, New, Jersey and New York markets.
A 75,000 BPD capacity increase to the distillate mainline is under way, with 20,000 BPD accomplished and 55,000 BPD due online by mid-2012. This line originates in Houston and terminates in Greensboro.
These investments in our system and service improvements are right in line with what our customers have asked for in light of changing markets and increases in demand for deliveries by Colonial, said Tim Felt, Colonial President and CEO.
“We talk with our customers every day and are working on additional plans and projects that will make Colonial more useful and more available to them, Felt said.
Recent refinery closings in the Northeast have contributed to allocating space on Colonial mainlines, primarily between Houston and Greensboro. The announced and the completed expansions are intended to help alleviate this condition, as are additional projects still on the drawing board.
Colonial Pipeline consists of more than 5,500 miles of pipe and connects Gulf Coast refineries and with markets across the South and Eastern United States. Colonial safely transports refined petroleum products, including gasoline, diesel fuel, jet fuel, home heating oil and fuels for the U.S. military. For more information, visit www.colpipe.com.
Is there a way to make these NE States pay excessively for it? NE libs should understand that there is a cost to their adherence to their green religion, unions, etc. etc..
Seems that PA taxes, unfunded mandates, and labor laws are a problem.
Imagine, if you will, WW III and OPEC (and other enemies)cut off all oil supply to the US. How long before we starve our “emergency” resources?
Why don’t they just build more windmills?
(/sarc tag implied)
I do not understand why the blue, Zeewoe worshiping, EPA loving, union loving, NE states can’t install more solar panels, more windmills, and grow more corn for their energy needs? After all, they wanted change???
Why dont they just build more windmills?
(/sarc tag implied)
sfl
Talk radio was all abuzz as this increase was happening all over the place.
The Strategic Petroleum Reserve (SPR) currently has 695.9 million barrels of oil in inventory.
http://www.spr.doe.gov/dir/dir.html
Our OPEC imports have fallen to about 4 million barrels per day.
http://www.eia.gov/dnav/pet/hist/LeafHandler.ashx?n=PET&s=MCRIMXX2&f=M
This is close to the maximum withdraw capacity of 4.4 million barrels per day of the SPR.
http://www.fe.doe.gov/programs/reserves/spr/spr-facts.html
So... about 174 days supply. But before that would run dry, you would see some other significant changes on the world oil market. Could OPEC really afford to give up a $2.8 Billion a week for nearly half a year? Would they try to sell to others freeing up other sources, say from Russia, Brazil, etc that would allow us more imports from other sources on a short term basis?
In my opinion, OPEC could not survive the $70 Billion required to wait us out.
In addition, we currently have over 200 million barrels in commercial storage scattered around the nation, much already at refineries.
http://www.eia.gov/dnav/pet/hist/LeafHandler.ashx?n=PET&s=MCRSFUS1&f=M
The bumper sticker said......”Let the Yankee’s freeze, in the dark”
Thanks for posting this.
Price hike in gasoline, right up through liberal la-la land, and just before elections?
Refinery changeover causes a spring price increase, anyway. Adding this new dimension could really surge prices.
$2.88/9 here in Missouri.
1. Ok the Keystone XL pipeline.
2. End "boutique" blending of gasoline.
3. Announce that the energy department will expedite gas and oil drilling EVERYWHERE and the EPA will stand down.
If you really want to lower energy prices, he could take the following steps:
1. Announce that the government will backstop private industry to build a dozen nuclear plants in high energy demand areas. Some areas will get dual electricity/desalination plants.
2. Announce that the government will backstop private industry to build a pilot coal-to-oil plant.
Gee, if I could think of this, do you think anyone else has?
Actually, I looked it up.
The majority of the sources said “Let the Yankee bastards freeze... in the dark” : )
Where does the imported gasoline come from?
LOL! So we were both right (and wrong):(
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