desert dude
Well-Known Member
"Increasing the oil supply will drive prices up!"
Another tiresome thread from the progressive left.
Another tiresome thread from the progressive left.
Where is that oil from Keystone going?
- Thread starter ChesusRice
- Start date
ChesusRice
Well-Known Member
Yes they sell it below the market rate.
And I say let Canada build to the west
Red1966
Well-Known Member
Worst case scenario: massive spill wipes out 200 acre in North Dakota. Who cares?
desert dude
Well-Known Member
Another few thousand good-paying jobs sacrificed on the alter progressive superstitions.
Thanks Obama!
Thanks Obama!
UncleBuck
Well-Known Member
considering that acres run about $5000 in north dakota, the farmer who is out of a million bucks and a way of life might care.
http://www.prairiebizmag.com/event/article/id/17704/
your "worst case" scenario is not even remotely close to worst case.
UncleBuck
Well-Known Member
more like 35 jobs, actually.
the only way you can come up with a few thousand is to acknowledge that the ARRA created several million jobs as well.
overgrowem
Well-Known Member
What are U talking about, a Keystone spill, or the Koch Ind. coal spill.
overgrowem
Well-Known Member
Why don't you edit your post and put forward a few facts that U KNOW, but are holding back for the sake of ???? I don't know what.
ChesusRice
Well-Known Member
YOu assume a lot of shit. Practically everything you say is an assumption you got from Koch News
YOu havent disproven what I said. You have actually even said something then said the opposite a couple posts later.
ChesusRice
Well-Known Member
YOU are supposed to play fetch for him. SO he can say you are wrong without citing anything
overgrowem
Well-Known Member
Believe the gentleman has been caught fudging? Appears a dang if you do, dang if you don't, chiding is looming on the horizon.
ChesusRice
Well-Known Member
Canadian crude prices are at their lowest levels against Brent-priced crude in 10 months, reaching a new market low on Friday and trading last week at under $50/barrel.
This is less than half the price of international Brent-priced crude. Why?
• Refining capacity isn’t evolving fast enough
• Supply is increasing
• Pipeline capacity is a bit tight
On Friday, West Canada Select has fallen $5.50 to a discount of $42.50/barrel. A key reason for this was the announcement by BP Plc (BP/) that it would delay a project to run ore heavy oil at its Whiting refining in Indiana for at least three months
BP’s project aims to convert a heavy crude processing unit with a 225,000-barrel/day capacity to enable 420,000 bpd capacity for processing Canadian crude. Originally, that was to be completed in the first half of 2013. The timeline has now been pushed to the second half of 2013.
Refining is a problem for Canadian crude. Production has picked up, but refining capacity lacks the same evolutionary momentum.
Pipeline capacity also has investors worried.
Related Article: What does the Future "Really" Hold for US Oil Production?
Canada’s Imperial Oil Ltd is now preparing to launch operations at another new oil sands site—Kearl—and is expecting to produce another 110,000 bpd of bitumen. This bitumen doesn’t need to be refined. It goes straight to the pipeline. Production should begin in January. Will there be enough pipeline capacity? Kearl’s addition to the flow will definitely make things tight.
Even in mid-November, Enbridge was saying its pipelines were already pretty much full.
According to the Globe and Mail, analysts have estimated that Canada could run out of export pipeline room sometime between 2014 and 2018. Enbridge seems to think that time is already upon us. The pipeline operator also thinks that there won’t be any boost in capacity until the end of next year—at the earliest. This could mean a serious cut in profits due to backed up oil.
So right now, while production is steadily increasing, the game is all about finding new ways to market—not only for Canadian crude but increasing volumes coming out of North Dakota.
It’s clear, then, why Canada is so desperate to see the beleaguered Keystone XL pipeline clear the remaining hurdles in the US.
But there’s always an investment gem to be dug up under these heavy surfaces. Keith Schaefer, published of the specialized Oil and Gas Investments Bulletin, says that while the rising oil sands production is causing discounts for other Canadian oil producers, there is one exception to this rule—and it’s a good one.
In his latest missive, Schaefer notes that there is “one small group of producers selling their product for $14/barrel above WTI. It’s the single most valuable hydrocarbon in all of North America—not just Canada [and] it’s wildly profitable […] trading closer to Brent pricing than anything else in North America”.
The clincher is that it’s not oil—it’s natural gas.
By. Jen Alic of Oilprice.com
This is less than half the price of international Brent-priced crude. Why?
• Refining capacity isn’t evolving fast enough
• Supply is increasing
• Pipeline capacity is a bit tight
On Friday, West Canada Select has fallen $5.50 to a discount of $42.50/barrel. A key reason for this was the announcement by BP Plc (BP/) that it would delay a project to run ore heavy oil at its Whiting refining in Indiana for at least three months
BP’s project aims to convert a heavy crude processing unit with a 225,000-barrel/day capacity to enable 420,000 bpd capacity for processing Canadian crude. Originally, that was to be completed in the first half of 2013. The timeline has now been pushed to the second half of 2013.
Refining is a problem for Canadian crude. Production has picked up, but refining capacity lacks the same evolutionary momentum.
Pipeline capacity also has investors worried.
Related Article: What does the Future "Really" Hold for US Oil Production?
Canada’s Imperial Oil Ltd is now preparing to launch operations at another new oil sands site—Kearl—and is expecting to produce another 110,000 bpd of bitumen. This bitumen doesn’t need to be refined. It goes straight to the pipeline. Production should begin in January. Will there be enough pipeline capacity? Kearl’s addition to the flow will definitely make things tight.
Even in mid-November, Enbridge was saying its pipelines were already pretty much full.
According to the Globe and Mail, analysts have estimated that Canada could run out of export pipeline room sometime between 2014 and 2018. Enbridge seems to think that time is already upon us. The pipeline operator also thinks that there won’t be any boost in capacity until the end of next year—at the earliest. This could mean a serious cut in profits due to backed up oil.
So right now, while production is steadily increasing, the game is all about finding new ways to market—not only for Canadian crude but increasing volumes coming out of North Dakota.
It’s clear, then, why Canada is so desperate to see the beleaguered Keystone XL pipeline clear the remaining hurdles in the US.
But there’s always an investment gem to be dug up under these heavy surfaces. Keith Schaefer, published of the specialized Oil and Gas Investments Bulletin, says that while the rising oil sands production is causing discounts for other Canadian oil producers, there is one exception to this rule—and it’s a good one.
In his latest missive, Schaefer notes that there is “one small group of producers selling their product for $14/barrel above WTI. It’s the single most valuable hydrocarbon in all of North America—not just Canada [and] it’s wildly profitable […] trading closer to Brent pricing than anything else in North America”.
The clincher is that it’s not oil—it’s natural gas.
By. Jen Alic of Oilprice.com
Red1966
Well-Known Member
YUo haven't proven what you said. Not up to me to disprove your claim. And you can cite anything for the other, either. So...........considering your credibility, it's safe to assume you make shit up to suit your narrative.
ChesusRice
Well-Known Member
Whatever
You're stupid, a liar and a racist
BTW I went and fetched that which you asked. But again. You're too stupid to read it
UncleBuck
Well-Known Member
Red1966
Well-Known Member
Funny, you've made claims of "possibly this, possibly that, maybe this, maybe something else and expect us to believe everything you said, when it was nothing but vague accusations with an indefinite list of transgressions.
ChesusRice
Well-Known Member
Funny
You probably believe in flat earth theorys
You really are stupid. Like the black hole of stupidity. A singularity of stupid. Stupid so dense no intellect can escape it's gravitational field stupid.
Red1966
Well-Known Member
Yes, name calling proves you are correct. A sales pitch from LNG on a different topic isn't what I asked for. First one to say "racist" while arguing the merits of the Keystone pipeline concedes defeat. I shall now go smoke a victory bowl.