Posted on 11/16/2014 7:45:16 AM PST by george76
Delays of the Keystone XL pipeline are providing little obstacle to Western Canadian oil producers getting their crude to the U.S. Gulf Coast, with shipments set to more than double next year.
The volume of Canadian crude processed at Gulf Coast refineries could climb to more than 400,000 barrels a day in 2015 from 208,000 in August, according to Jackie Forrest, vice president of Calgary-based ARC Financial Corp. The increase comes as Enbridge Inc.s Flanagan South and an expanded Seaway pipeline raise their capacity to ship oil by as much as 450,000 barrels a day. Canadian exports to the Gulf rose 83 percent in the past four years.
The expansion shows Canadians are finding alternative entry points into the U.S. while the Keystone saga drags on
...
The Canadian crude would add more cheaper, heavier oil available to Gulf Coast refiners, allowing them to save about $7 a barrel compared with the price of domestic light supply, ARC Financials Forrest said.
The Canadian oil would displace imports from Mexico, Venezuela and the Middle East, pushing those supplies onto the world market and adding to a supply glut after prices plunged 31 percent since June
(Excerpt) Read more at business.financialpost.com ...
There's little doubt but that Saudi campaign contributions to more than a few politicians is behind the lack of development of oil and gas resources in this country?
When it costs more than the personal fortunes of even the most wealthy American to run for political office in this country, then the political office goes to the party with the wealthiest contributor, and no one can out contribute the Saudis.
As has been said before, "We have the best government money can buy."
Because it is not a perfect balance at all times in all locations.
And because we use more gasoline than diesel in a ratio that become uneconomic to directly refine. But Europe and some other locations use more diesel than gasoline in a ratio that is not as economic to refine.
So we import gasoline (mostly gasoline blending components) and we export diesel, helping our prices and theirs.
And some to winter swings gasoline consumption. And the opposite swing occurs in South America at the same time, as another example.
Coker is a cracker, a heavy end, thermal cracker.
I did assume, you were talking about products and not crude oil in my previous response.
If you were including crude oil, it is because we don't produce enough of it ourselves.
Years ago Will Rogers quipped, "We have the best politicians money can buy."
The last paragraph from the SouthstownStar is priceless:
"I tend to believe that if somebody hands you a check, they expect something of value in return.Whenever I ask candidates for office about that, they usually always reply with one of the following:
My campaign contributors just want good government.
These people have known me for years and know better than most how qualified I am for this office.
No promises have been made. In fact, I've gotten so many contributions from so many people that I really don't know who is giving me money.
I love that one. It kind of reminds me of a prostitute saying she has so many johns she can't tell one from another - although I bet she still could tell you what she did for each of them in exchange for the cash."
Not killing all of us, just those whose misfortune it is to live in boutique-fuel states.
Here in North Texas right this minute the best price for regular is $2.499 per gallon.
What do you suppose it is in Michigan today? And why can't Michigan voters figure it out?
A refinery in Lake Charles.
BP, maybe?
We’re all the way down to about $3.35 here in CA due to a majority of dim voters who hate oil companies and believe the climate gods.
it was the biggest employer on the island and now gas prices are comparable to the CONUS or higher and man are they whining
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