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  #341  
Old 05-03-2012, 09:28 PM
Comet Comet is offline
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Hey TN,
Do you know if Alaskian oil goes to Japan, not the US mainland?
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  #342  
Old 05-03-2012, 11:23 PM
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Default I don't

Quote:
Originally Posted by Comet View Post
Hey TN,
Do you know if Alaskian oil goes to Japan, not the US mainland?
At least not now I don't.

At one time we did sell some of the Alaskan oil to Japan, even though it had been promised that we would sell no Alaskan oil to other than Western Canada.

At one point Alaskan oil did go to the East Coast but there isn't enough now for that.

The pipeline is past its projected lifespan.
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  #343  
Old 05-03-2012, 11:29 PM
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Default How much oil is produced in Alaska and where does it go?

http://205.254.135.7/tools/faqs/faq.cfm?id=35&t=6

Alaska's crude oil production peaked in 1988 at about 738 million barrels, which was equal to about 25% of total U.S. oil production. In 2010, it was about 219 million barrels, or about 11% of total U.S. production.

Since the Trans-Alaska Pipeline System from the North Slope of Alaska was finished 1977, about 97% of total Alaskan production has come from the North Slope. The rest comes from Southern Alaska.

Most Alaskan oil has gone to refineries in Alaska, California, Hawaii, and Washington. Relatively small amounts were shipped to Puerto Rico, the U.S. Virgin Islands, and foreign countries.

Export of oil transported in the Trans-Alaska Pipeline System was banned until 1996. Between 1996 and 2004, a total of about 95.49 million barrels of crude oil, equal to 2.7% of Alaskan production during that period, was exported to foreign countries. As of May 2011, no Alaskan oil has been exported since 2004.


There is a nice table showing the countries Alaskan oil has gone to.

Reasonably current.
__________________
"Without a gold standard in place, there is little to prevent governments indulging in wild credit creation.
Deficit spending is simply a scheme for the confiscation of wealth.
Gold stands in the way of this insidious process.
Alan Greenspan : 1966
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  #344  
Old 05-03-2012, 11:34 PM
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Default Price of crude oil in the US

http://crudeoilpostings.semgroupcorp...th=5&year=2012

Lists the Contiguous States production prices for US Crude.

Be aware that the actual prices paid from any given well are figured with a bit of precision and the API etc come into play.
So don't assume a price for some well down the road.

The North Dakota sweet is basically the best for being light and sweet but it gets the lowest price primarily because of lack of transport to better markets.

That is being worked.
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"Without a gold standard in place, there is little to prevent governments indulging in wild credit creation.
Deficit spending is simply a scheme for the confiscation of wealth.
Gold stands in the way of this insidious process.
Alan Greenspan : 1966
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  #345  
Old 05-04-2012, 11:53 AM
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Default More on the Keystone XL

TransCanada Applies for Keystone XL Presidential Permit

(TransCanada) announced today it has submitted a Presidential Permit application to the U.S. Department of State (DOS) for the Keystone XL Pipeline from the U.S./Canada border in Montana to Steele City, Nebraska. TransCanada will supplement that application with an alternative route in Nebraska as soon as that route is selected.

=============

For some reason Canada hasn't given up on us.

Earlier I posted where they have been stockpiling pipe for the Keystone in North Dakota.

They are thinking lets get done what we can before the elections.

- - - - - - -


http://www.marketwatch.com/story/tra...mit-2012-05-04


This is wonderful news if you want Canadians to sell their oil to us and Europe rather than China.
That Oil Sand oil bitumin is going to be sold.
Just where it goes and how well it is refined are the questions.
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"Without a gold standard in place, there is little to prevent governments indulging in wild credit creation.
Deficit spending is simply a scheme for the confiscation of wealth.
Gold stands in the way of this insidious process.
Alan Greenspan : 1966
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  #346  
Old 05-04-2012, 12:04 PM
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Default 4X the energy

Regarding pipelines.

We just read how Embridge is reversing a pipeline in Eastern Canada and converting a NG pipeline into an oil pipeline.

================

a typical liquids (crude oil or refined products) pipeline can generate four times the revenue of a gas pipeline of equivalent diameter and length. The crude pipe can move four times the energy.

http://www.rbnenergy.com/4X-the-ener...nue-4X-the-fun

- - - - - - - - - - - -

Expect many more pipeline reversals, new pipelines and even NG pipelines being converted to crude pipelines.

I don't like taking NG pipelines out of the mix.

Weren't we supposed to be environmentally concerned?

Or is our failed energy policy, with regard to cutting back on pollution, causing this debacle?

1) we have to have cheap energy or the economy tanks even worse.
2) the Canadians are their own country and they are going to develop their resources even if we say no to the gift of a 2 Billion Dollar plus pipeline.
3) Not promoting NG is hurting the environment.
4) The demands for oil elsewhere are growing at an immense rate - see the Japanese situation where they have shut down all their nuclear reactors. Did someone mention China, India and the straits of hormuz?
5) We need to become an energy independent North America and help our European Allies as much as possible.


Waaaahhhhhhh
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"Without a gold standard in place, there is little to prevent governments indulging in wild credit creation.
Deficit spending is simply a scheme for the confiscation of wealth.
Gold stands in the way of this insidious process.
Alan Greenspan : 1966

Last edited by TedNugget : 05-04-2012 at 12:07 PM.
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  #347  
Old 05-08-2012, 08:31 AM
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Default 3,700 natural-gas wells in eastern Utah

http://online.wsj.com/article/SB1000...278575382.html

May 7th


U.S. officials are expected Tuesday to approve a plan by Anadarko Petroleum Corp. to drill 3,700 natural-gas wells in eastern Utah, capping a yearslong review of a project that will be one of the largest in the region.

Approval for the Greater Natural Buttes project in the Uintah Basin, to be announced by Interior Secretary Ken Salazar, comes as the Obama administration is supporting natural-gas production as a way to create jobs with a cleaner-burning fuel than coal or oil.

Once Anadarko's wells are up and running, they would be expected to produce about one billion cubic feet of natural ...


===================

The Uintah Basin is near Vernal Utah in NE Utah close to Colorado.
__________________
"Without a gold standard in place, there is little to prevent governments indulging in wild credit creation.
Deficit spending is simply a scheme for the confiscation of wealth.
Gold stands in the way of this insidious process.
Alan Greenspan : 1966

Last edited by TedNugget : 05-08-2012 at 08:33 AM.
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  #348  
Old 05-12-2012, 08:16 PM
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Default 3,100 Bed Man-Camp Coming to Watford City

The Man Camps are getting a little nicer.

http://pioneerlodgeandcommons.com/index.html

==============

Food Court
Recreation Center
Static Lap Pool & Jacuzzi
Convenience Store
Barbershop
Banking
Business Center
Laundromat with Fluff & Fold
Conference Rooms
Meeting and Training Rooms, and the space to augment with any additional services as may be needed

etc.

- - - - - --

Watford City is 30 miles SE of Williston.
__________________
"Without a gold standard in place, there is little to prevent governments indulging in wild credit creation.
Deficit spending is simply a scheme for the confiscation of wealth.
Gold stands in the way of this insidious process.
Alan Greenspan : 1966
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  #349  
Old 05-15-2012, 09:48 AM
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Default We're #2, We're #2, We're #2, We're #2

North Dakota passed Alaska in March to become the second-leading state in crude oil production, trailing only Texas, according to officials from Alaska and North Dakota.

It’s been a dramatic rise for a state that was behind seven other states in 2006 in terms of oil production.
North Dakota produced an average of 575,490 barrels of crude oil every day in March, another record, and up from 558,255 barrels a day in February, according to Lynn Helms, director of the state’s Department of Mineral Resources. The crude is coming from a record 6,636 wells, up from the previous record of 6,450 set in February.

The number of rigs drilling in the state was at 208 on Monday, about where it’s been for eight months, including a record 212 drilling for a day or two earlier this month.

North Dakota’s new record output of crude surpassed the steadily declining output of Alaska, which saw its production fall to 567,481 barrels per day in March, down nearly 15,000 barrels from February’s daily average, said Stephen McMains of the state’s Oil and Gas Conservation Commission on Monday.
(from milliondollarway.com)

============

Sidebar;
California which just announced a 16 BILLION dollar deficit hasn't done anything to develop their oil in years. Cal is #4 without a bullet.

North Dakota will not pass Texas for #1.
Texas has a lot and is going great guns.
__________________
"Without a gold standard in place, there is little to prevent governments indulging in wild credit creation.
Deficit spending is simply a scheme for the confiscation of wealth.
Gold stands in the way of this insidious process.
Alan Greenspan : 1966
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  #350  
Old 05-15-2012, 09:53 AM
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Default watch this over the coming months

http://online.wsj.com/article/SB1000...googlenews_wsj

It is the biggest question in the global crude-oil market: When will the gap between U.S. and European oil prices shrink back to normal? It also is one of the biggest trades.

Traders have been homing in an unusually large gulf between prices of the benchmark U.S. oil contract, known as West Texas Intermediate, and the European benchmark, known as Brent. Usually the two oil contracts trade within a few dollars of each other. But for more than a year, they have diverged widely.

Currently, Brent trades at $111.57 a barrel, $16.79 above WTI's price of $94.78. Since January 2011,

The punchline to the article is that the Seaway Pipeline will be reversed in two days.

This will move oil from Cushing OK to Europe. (Read Bakken etc)

This should close the gap between WTI and Brent pricing. Probably bringing WTI up more than Brent down.
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"Without a gold standard in place, there is little to prevent governments indulging in wild credit creation.
Deficit spending is simply a scheme for the confiscation of wealth.
Gold stands in the way of this insidious process.
Alan Greenspan : 1966
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