I love this graphic from BusinessWeek:

 

click for ginormous graphic

 

 

Source:
The Oil Hub Where Traders Are Making Millions
Matthew Philips
Business Week,September 27, 2012
http://www.businessweek.com/articles/2012-09-27/the-oil-hub-where-traders-are-making-millions

Category: Digital Media, Energy

Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data and lack of respect for scientific knowledge. Be sure to create straw men and argue against things I have neither said nor implied. If you could repeat previously discredited memes or steer the conversation into irrelevant, off topic discussions, it would be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.

4 Responses to “In the Pipeline”

  1. Greg0658 says:

    I’ve been following Keystone – since its current route goes to processing at the StLouis zone
    KeystoneXL is still (imo) in talks w/planned new route to Texas over aquifers
    XL will triple flows

    I was going to put this in another thread when I came back /but:
    short and to the point – we need to stop creating these jobs for this planets laborers because – this planet is running out of oil & food supplies to allow them to get the job done in a politically correct manner

    still the way it is
    (go ahead kick me – for not wishing another unborn soul to reach the afterlife)

  2. Global consumption of ultimate economic available oil reserves (URR/EUR) is only at 16%. We’ve used 1.3 trillion barrels of a 7.0 tri resource and max production should rise 12% to a probable peak in 2030 (100-Mbd).

    oil depletion charts: http://trendlines.ca/free/peakoil/PeakScenario2500/PeakScenario2500.htm

  3. willid3 says:

    well…here in Texas where that pipeline is going, we are loosing a few farms and ranches because eminent domain that is being used to grab the land. of course they are also going to bury the pipeline deep enough that it could impact almost all of the Midwest fresh waters aquifers. but we get new oil. that is going to be exported its why its coming to Houston as opposed to say a refinery in the Midwest or the east coast. currently they already export this oil to the US, it just doesn’t get farther than the Dakotas and Wyoming. but once it does start going to Houston, dont expect the price to sat as low as it is now, since it would be on the world market then and get world market prices as opposed to a much smaller market. and why should we be surprised? the company pushing for it wants to make money (they are a business, which needs to make a profit, and making more, is better for them right?

    but then that company hasn’t exactly been very good at managing their current pipelines either. seems like they have one up in Michigan, and it had a spill, that basically corrupted the fresh water in Michigan.

  4. Y’all can cancel purchases of our oil any time. When we start selling to Asia, we get Brent price instead of the 10% discount to WTI. But be advised they get our light sweet crude as well … not just the bitumen based. Maybe we’ll tie it in with our natural gas too. Make my day…