View Full Version : While the Iron is hot

S.V. Airlie
02-22-2015, 07:33 PM
And the reps have majority in both houses

Posted on Wed, 28 March 2012 23:09 | 0 New technologies in shale oil drilling, and the Alberta oil sands means that there is a glut of oil in Canada and the northern US with very few transportation options. This has led to trade prices far lower than world crude prices, and therefore there is an eagerness to get this oil to the coast for refinement and shipping.
Following the rejection of approval and the general uncertainty surrounding the Keystone XL pipeline, two companies have now released plans to create a new pipeline which will move crude oil to the Gulf Coast.

The $2 billion pipe will run from Cushing, Oklahoma to Houston, Texas, and be developed as part of a collaboration between Enbridge Inc. of Alberta and Enterprise Products Partners LP. of Houston. Enbridge will also build a pipeline from Flanagan, Illinois to Cushing, where it would link in to existing pipelines and offer oil produced in the Bakken fields of North Dakota access to Gulf Coast refineries.Is This The Most Lucrative Investment In Modern History?

Enbridge and Enterprise already own a pipeline that runs from Houston to Cushing, but are now working to develop a new pipe to run parallel which will deliver about 850,000 barrels per day southwards from Cushing to the Gulf Coast.
Patrick D. Daniel, the CEO of Enbridge, said that “Enbridge’s Gulf Coast access projects give Bakken and western Canadian producers timely, economical and reliable options to deliver a variety of crudes to refinery hubs throughout the heart

S.V. Airlie
02-22-2015, 07:58 PM
OKAY, not interested...More recent!

Posted: Sunday, February 22, 2015 4:00 am TransCanada to seek OK for $600M pipeline (http://www.news-journal.com/business/transcanada-to-seek-ok-for-m-pipeline/article_7005715f-3aaa-5e72-98eb-20dc261f479d.html)
BISMARCK, N.D. (AP) — The Canadian company behind the long-delayed Keystone XL oil pipeline will seek U.S. government approval for another pipeline — this one going north.
Industry officials in North Dakota say the proposed Upland Pipeline could reduce reliance on railroads to ship crude after recent concerns about safety.

TransCanada Corp.’s proposed $600 million Upland Pipeline would begin near the northwestern North Dakota oil hub of Williston and go north into Canada about 200 miles. At peak operation it would transport up to 300,000 barrels of oil daily, connecting with other pipelines, including the Energy East pipeline across Canada

S.V. Airlie
02-22-2015, 08:01 PM
In 20 years, the Midwest/west is gonna be one BIG PIPELINE!

John Smith
02-22-2015, 08:01 PM
Let's see how this one fares.

S.V. Airlie
02-22-2015, 08:02 PM
With the repubs in charge, let me guess!

02-22-2015, 11:17 PM
In 20 years, the Midwest/west is gonna be one BIG PIPELINE!

Going to be?