This page has been archived and commenting is disabled.
Who The US Imports Crude Oil From
There is energy independence, and then there are crude oil imports, which according to just released and revised Census data, amounted to 233,215 thousand barrels in April, and 914,456 thousand barrels year to date (just under 3 billion annualized). For those unaware who the most important US crude oil trading partners are, here is the updated list of the main countries that serve to fuel America's industrial infrastructure and its engines, in the off chance that the Tesla electric revolution fails to deliver.
»
- 29222 reads
- Printer-friendly version
- Send to friend
- advertisements -
Fuck you Bernanke!
is that canadian oil all tar sands?
About half. The plan was to grow that but sweet shale will kill that plan.
BP
Bakken shale? Ok, what do you think of these calculations?
per well cost $8,000,000
most oil from the well 800 days
must make $10,000/day
somewhere between 100 barrels/day @ $100 and 200 barrels/day @$50
Do you have other numbers? If you do, let's see them. If not, you're talking out your ass.
Your point being?
My family receives oil checks from bakken shale. Your well cost is high. You are correct in that bakken wells come in like gangbusters right after the shale is broken and taper off. It's been 3 to 5 years. Oil companies have been squeezing down production in new wells. There are two other oil bearing formations.
It is common for these bad boys to produce 25,000 barrels a month and greater. Most mineral rights holders are getting 17-20% of the lowest monthly price.
"There are two other oil bearing formations."
Great. That ought to last until my kids are 23.
There is no Plan B
The Bakken formation, three forks sanish, tyler, red river, lodgepole, madison, winnipegosis, red river II are all formations in the lithosphere that contain oil and all have been drilled in North Dakota.
I have a relative that has been receiving oil checks on a Bakken oil well since 1963 and they are still receiving checks each month. That's 50 years of well life and still going.
The Bakken produces oil and it does so at a low rate, but still keeps on keeping on.
The estimate for the Bakken formation is a 750 billion to 900 billion barrel reserve with a 3 percent extraction for a total of maybe 27 billion barrels.
Lots of wells at the 600 to 1200 initial production rate. Depletes to about 100 barrels per day for an average of 3000 barrels per month per well. The plan is for 250000 wells completed to provide 25 million barrels per day from the Bakken. Approximately 8500 wells in North Dakota, not all Bakken wells, currently provide about 780000 barrels per day or about 4 percent of current US consumption. It's a game changer that will be there for many years.
Can you do simple math? 250,000 wells at standard spacing is, shall we say, considerable larger than the Dakotas.... Not to mention that current rates are ~145 wells per month.... At current spacing, you run out of Bakken to drill in 2018....
You really should read
http://www.theoildrum.com/node/9954
and
http://www.postcarbon.org/drill-baby-drill/
"My family been gettin' govmint checks all the way back ta great granpap's days. I don't know what they's doin' down there in Warshinton, but dang! That ol' money well, why it ain't never gonna run dry." - a believer
"I have a relative that has been receiving oil checks on a Bakken oil well since 1963 and they are still receiving checks each month. That's 50 years of well life and still going.
The Bakken produces oil and it does so at a low rate, but still keeps on keeping on."
I couldn't care less what your relative gets. The Bakken Shale will NEVER....I repeat....NEVER be a game changer for anyone, inlcuding us.
Come here....closer...closer.....IT'S....A....GLOBAL....MARKET !!!!!!!!! Bakken Shale output and other shale play outputs in America are a DROP IN THE GLOBAL MARKET. THIS IS WHY YOU HAVE A GLUT IN SUPPLY DOMESTICALLY BUT NO SUBSTANTIALLY LOWER OIL PRICES OR AS AN EFFECT, LOWER GASOLINE PRICES.
With global oil and fuel consumption growing to meet demand (yeah...I know things have leveled off....but hey...more babies coming everyday.....bigger middle classe in developing nations...everyday.....the utopians' dreams of greater global utopia not diminishing....every day.....) that little bit of relatively undeveloped, frakking chemical polluted shit coming out of that hardened clay is not going to make that much of a difference once it is refined to usability...which costs more money AFTER all the money that is spent trying to bust rock and hydraulically suck that shit out of the ground.
But good for your neighbor that he or she is getting a check. Probably is gone within the week on higher food, energy, insurance and other commodity costs he or she needs just to survive
Point being that numbers matter.
Glad you gave some. 25,000 barrels/30 days = 800+ barrels per day. For how long? A couple of months. Graphs I have seen for oil production look like a hyperbola.
800 days was an approximation. But what is in the 800 days, 80% of the well's production? Please note that I simplfied well costs, too.
Yo Ho, what are you trying to say? The wells are uneconomic? There is no growth in oil production in the Bakken? Bakken wells produce a lot of oil in the first year, and half of EUR's in the first 5 years. Most pay back in under 2 years.
Yep and the sweet spots get drilled first....
And no, ~1000 bpd dropping to ~300 bpd after one year is not a lot of oil.... Sorry...
Greetings once again, Dr. FUD.
We could have used that pipeline.
It explains why Venezuela got their gold back within 4 weeks!
We could have used that pipeline...............
There’s a lot of misinformation surrounding the Keystone Pipeline. In fact, the ongoing debate doesn’t even concern the pipeline. The first phase of the pipeline has been operational since 2010, running more than 2,000 miles through two Canadian provinces and six U.S. states. The debate is actually about the Keystone XL, an appropriately named addition that would add 700 miles to the original pipeline.
“By diverting Canadian oil that would otherwise go to the Midwest, TransCanada has admitted the pipeline would increase the price Americans pay for Canadian oil by $3.9 billion.
………Keystone XL would result in 2,500 to 4,650 temporary construction jobs, this impact will be reduced by higher oil prices in the Midwest
TransCanada’s job claims are complete fabrications, and the Cornell report concludes that “KXL will not be a major source of US jobs, nor will it play any substantial role at all in putting Americans back to work.
The Keystone XL pipeline is designed for one thing—to send oil from Canada to the Texas Gulf coast and from there to overseas markets.
According to its own secret documents submitted to the Canadian government, TransCanada expects the pipeline to increase gas prices in the Midwest by up to 15 cents per gallon. Currently, a surplus of gas in the region means that our prices stay stable. If the pipeline is built oil companies will be able to send their product to the Gulf coast for export, which will reduce this surplus and drive up costs for Midwestern consumers
The real out-of-state special interests are TransCanada (a foreign oil company) and its lobbyists in Washington, who stand to make billions from this project……
Based upon the construction of the previous phases of the pipeline by TransCanada, it is very likely that half if not more of the steel pipes to be used in the Keystone XL will be imported from India, South Korea and Canada………
“What pipeline advocates . . . fail to mention is that much of the tar sands oil that would be refined on the Gulf Coast is destined for export. Six companies have already contracted for three-quarters of the oil. Five are foreign, and the business model of the one American company – Valero – is geared toward export..
Typical protectionist drivel.
What's wrong with market prices?
The "market prices" for the midwesterners will be higher...
Meanwhile, market efficiency improves and someone else gets cheaper market prices.
Welcome to capitalism.
"Meanwhile, market efficiency improves and someone else gets cheaper market prices.
Welcome to capitalism"
Mr malikai....put down the crack pipe and come out with your hands up....and BTW....open your mouth....we need to swab your cheek for DNA.....before Bubba in county swabs your other cheeks.....if you know what we mean.
What's wrong with market prices?
Only the little people pay them. The big Boys pay crony-racket prices protected by tarriff laws and a Congress they keep on a short leash.
If I have to explain it ….. never mind. Here try this:
If ¾ of the oil is already bought by foreign companies it is not going to the US market. I am not worried about the environment – pipelines are safe enough for me. JFC stop listening to MSM, Fox News, etc ….
I get it. Since the US is a net energy importer, the human corporation relying on high ethics will encourage energy independence by shipping N American oil to China, while raising prices on your family's consumption. Very altruistc!
As a side note, vis-a-vis the "Northern Gateway Pipeline."
The newly re-elected (with a bigger majority) British Columbia provincial government, has formally rejected Enbridge's proposed tar sand oil pipeline to the west coast, for trans shipment by tanker.
Harper's Canadian federal government has stated that the proposal is alive, despite what the B.C. government and it's people say. He is out of touch with reality. The provincial government was re-elected with a bigger majority, because one of it's main electioneering planks was the rejection of the Northern Gateway proposal.
British Columbia has a long history of environmental activism, after all, it's home to GreenPeace. The movement is well founded, financed, broad based and politically powerful. It also has shown a militant extremist side, as can be seen in past actions in saving old growth forest stands, against powerful international corporations.
If the people of British Columbia, in conjunction with the First Nations say "NO" to this pipeline - then its dead.
Oil, like money, is fungible. Every barrel produced in the US or Canada is one less barrels worth of money going to dictatorial governments bent on destroying the North American way of life.
After the last two elections in the US, it appears Canada may be alone.
Of course McCarthy was right. Thousands of communist's should have been purged from education and entertainment when they had the chance. Now, nothing less than the worst results always seen with communism, will need to be endured by those who took capitalism and freedom for granted. History and memories are always short when the gov't is robbing Peter to pay Paul. Paul's vote is assured until the larder goes bare. Once the blood is once again washed from the gutters, morality and hard work will once again take it's rightfull place in people's lives. There is no one so unhappy as those that are dependant. To go through life without ever having the elation recieved from a sense of accomplishment, is true bondage.
Oil, like money, is fungible. Every barrel produced in the US or Canada is one less barrels worth of money going to dictatorial governments bent on destroying the North American way of life.
What a STUNNING amount of bullshit that statement contains.
WE THE PEOPLE are destroying the "North American way of life" faster than any moo-slum or commie pinko bastard dictator.
For God's sake....just who do you think we have in office but a moo-slum commie pinko bastard dicator whom WE THE PEOPLE elected ??? !!!!!
OK, you figured it out. So just give us the Stanley Cup back and we'll forget about this whole thing.
No Cup for you!
"There’s a lot of misinformation"
Yes, and you on certain levels are a part of it. (Without knowing.)
Think of it this way, if I may. "To what is the net result of all of these actions?" You see, in Canada, there IS an incredible amount of oil and gas, while to who gets the net result of the production of any finished product?
Hmmmm,
Pens,
Good to know.
I hope Canada has hidden their WMDs well, for their sakes.
If Canada wants their gold back they should ask for it now. I bet it won't take 7 years.
Our current dumbass policy is to have no gold. Kindof like our patsy policy of letting the CIA "help" us set up our secret service a few decades back, or our really special 0%fractional reserve ratio we brought in in the 90s. How about letting the US patrol the arctic for us instead of getting our own fleet?
You might want to reconsider that invitation for us to patrol your oil-rich areas up there in the arctic. We've been known to . . . overstay our welcome.
given the fact that you've bankrupted yourselves making the middle east less stable - all while it becomes strategically less important, I'd say that your gift for understatement is particularly funny!
Well, somebody had to do it..
They weren't going to hate us for nothing.
we have no gold, other than what is in the ground, and there is no need to invade us, as the bitches in ottawa have accepted the role of haindmaiden to israel, the US and UK. This is a fact.
We have done considerable damage internaitonally relationship wise for Harper's rabid support of Israel. I have to look at the face of the evil everytime I get change thanks to our constitutional monarchy, and the pain at the pump is palpable because we sell our oil to the US for a steep discount and buy it back at a premium in refined form thanks to corrupt policy stretching back decades.
Downvoters specialize in f**k starting their father's faces.
I wonder what we can do to really piss off the canucks so they cut off our supplies - yo canucks, you suck dogballs and yer hockey players are a bunch of pooossssiiieeesss... nya nya
The smug is thick here. Canada is not Iraq or Iran. If necessary, we could have nukes ready by next Thursday. The USA would certainly prevail, but many great border cities would take a few millenia to cool. Bullies beware. The ones you least expect will bite hard.
All the Yanks have to do to wipe out our forces is start a good size war somewhere else. They always send the Kanucks in to do the suicidal dirty work, then roll in en masse & declare victory.
I thought it was Churchill that said: "We will fight to the last Canadian!"
We're both colonies of The City of London.
Yes, I am feeling some regime change coming on. We need to liberate the Canadian people from their single payer healthcare. Operation Canadian Freedom !! It will be a cakewalk.
Cakewalk?
We have a secret weapon known as BEAVERTAILS.
The operational significance of the term will become apparent with the launch of Operation Canadian Freedom.
LOL. Nice one. Beavertails are dangerous!!!
They came in arms.
They left obese.
We have specially trained geese that will fly over the states and honk loudly en francais while shitting on everything.
You're all doomed.
You fuckers have already launched preemptive strikes with those damned geese!
I've seen it!
America imports from Canada, and the Asians own Canada, therefore...
NAFTA owns Canada.
NAMBLA owns Canada.
MENSA owns NAMBLA
TPP owns MENSA
DDs own everything.
TPC owns everything.
The TBTF owns all y'all...
I'd actually argue that since bankers have destroyed the line of title (intentionally by the way), they will try and claim they own everything. The world has been here before, and the outcome will be no different. When fraud is the status quo, possession is the law. Prepare for war.
GRR.
I wish it wasn't true.
But you look at what penalties there are for murder, bank robbery, assault, assaulting an officer and compare all this to child rape and you'll typically see 2 years max with time off for good behaviour on them.
As if. And of course for most the police & government will keep their locations secret, more concerned with the safety of the criminal than the community.
One Crown Corporation subsidiary trading with another...
At this rate it's going to overtake BC Bud as an export from Canada soon. Damn!
The world will change for the better, once SA runs out of servisable oil fields.
Remind me again:
When does the CIA seed and discover Al Qaeda in Canada?
The next US attack will come from an Al Qaeda cell in Canada who crosses the northern border. So many birds.
The operative has to be Mexican-born. You know - for the North American Union! ;-)
right after Hun the Harper says he's helped the RCMP uncover a long-sleeping cell of the FLQ about to start a new Black Bloc Toronto-occupying force.
They will be armed with rapidfire bubble-guns.
Canadas gonna get Droned, and the long suffering French Minorities in Alberta and Saskatchawan will be freed at last by Amerika......
I always got an attitude when I was in Montreal. wipe em off the map.
America's hat gets defensive.
Fonz is right, fuck Montreal.
Everyone of those fuckers speaks and understands english, but many pretend to not understand what you are saying in english and/or respond to your english question/comment in french, with a shiteating smirk on their face.
I've been to Montreal twice and never again. (Although the massage parlors are quite nice to visit and the canadian ballet is always fully nude with alcohol, unlike NY shitclubs which are either or. Although you can get both in toronto and a wholelotmore)
The typical American solution is to raise your voice in that situation...
Out of curiousity, what do you do when someone asks you a question in a foriegn language and expects to be answered in kind at your local watering hole? Do you oblige or simply kick the shit out of them?
English is an official language of Canada. In fact, the government requires its citizens to speak and read both.
So, your example is not actually relevant or on point at all.
And, when someone asks me a question in non-english language, I shrug my shoulders and say in english "I don't understand", but that is not what these french speaking Montreal fucks are saying. They are saying, in french, fuck you american.
The ones that don't know english well actually say so in broken in english or otherwise shrug their shoulders.
I'm referring to the fucks (and there are many of them in Montreal) that respond in french on purpose knowing you are an american.
Sorry, your understanding of the legal status of languages in Canada shows you to be nothing but a know-nothing American...
The Federal govt. is required to provide services in either English or French. The only provincial govt. that is officially bilingual is New Brunswick. Federally no one is required to learn a second language. So stop making shit up. The reason you are being told to fuck off is Canadians are for most part, tired of stupid shits like you making bullshit claims and thinking that you absolved of your stupidity by self proclaimed manifest destiny....
You were, however, smart enough to understand that you were being told to fuck off. So there may be hope....
I like how quick you upvote your comment. I assume that you are a stupid fucking Canadian.
Fuck Canada.
I do agree with you that climate change is real.
But you are a fuckhead and so are the Montreal fucks that could simply shrug their shoulders like normal people do but (as you acknowledge) instead these Montreal fucks like to act like cunts.
Sorry, I don't do the vote thingie...
Me thinks you just got pwned... Deal with it....
I don't do the vote thing either.
Have a great day.
This is actually a natural defense system.
If we suspect an American actually likes Canada more than America and likes us, we don't do that.
Think about it.
When the Iron Curtain finally falls and TSA radiation-zappers are meant to harm you so you can't easily escape or escape at all, we'll welcome the non-assholes and if you're allowed across you'd want the assholes rejected, wouldn't you? All the obamites and bushites and bankster-worshippers and welfare queens, why not casually respond in French for everything so they run back in disgust to their FEMA camps?
It actually makes perfect logical sense.
.
Damn, that is a good plan. It'll even work in the western provinces as long as they can keep a straigh face while spouting gibberish with a french accent.
And that's why there's that smirk. They can't keep a straight face. It's fucking hard but it's worth the effort.
.
Well of course. It is an established fact worldwide among Americans that if a foreigner doesn't understand you, it's because you're not talking loud enough.
Didn't they learn you nuthin' in schuol?
:D
Homer Simpson can keep his bears for his ballet. I like ours better
but...but... there's a lot of hot strippers in Montreal.
WMDs? You mean Tim Horton's.
How many bbl from domestic sources or is that information classified so as not to dispel the myth?
Your handle is familiar. Do you know an eddieVanHoglin and do you pick golfers for the majors from time to time?
Never heard of him, but my real name is Eddie. I'm more in to hockey than golf, eh.
http://www.cnbc.com/id/100721958
According to our darlings at CNBC domestic production for the 155 days elapsed so far this year (including today) is 1,100,500,000 bbl.
Maybe the IRS can target Canada
They already have:
http://www.theglobeandmail.com/commentary/irs-wants-canada-to-nab-us-tax-cheats-why-we-should-care/article6994760/
Who wants that tar sand sludge that uses US oil from the Bakken to extract the 'oil' from those Athabasca sands laced with tar?
Thanks Canada, we'll be sure to keep sending you those IOU's.
I wonder where all the oil we import from Canada comes from.
We are like Mexicans, we tunneled in under the border and are pumping it out of North Dakato and selling it back to you. :)
After the teleprompter and his cronies read this, the war on "Oil Thieves" will come into being, Homeland Security will be able to make everyone's lives even that much more misreable and there will be more czars to deal with, the rich will get richer, oil prices will go up and the oil cartel in Canada will have to resort to violence to keep everything in line and running smoothly.
See how simple this is?
Don't think "Dick" won't have Butch send DHS up North if he gets miffed.
They need to practice with live rounds before they use them on USA Citizenism surfs.
"here is energy independence, and then there are crude oil imports, which according to just released and revised Census data, amounted to 233,215 thousand barrels in April, and 914,456 thousand barrels year to date (just under 3 billion annualized)."
Math challenged much? If we imported 914,456 YTD, we better get busy if we are to import 3,000,000,000. Only about 2,999,000,000 left to go.
914,456 thousand. or just over 914 million barrels YTD. Multiply by 3 to get "just under 3 billion annualized".
Notice the text on the chart that says in MM's? Millions of Barrels, Not thousands, 914 Million 456 Thousand.
http://www.youtube.com/watch?v=deuC8GPr31A
Ouch! My bad.....speed reading & multi-tasking & missed the 'MM' part!
When you overcome your reading challenge, report back.
Can you translate the foregoing?
Well, at least he's proved one thing for sure, he's not FULL RETARD challenged.
I guess, foot in mouth disease is making a comeback.
Seems like I caught a bad case of it this afternoon!
Once again, I am reminded that when you pay the role of smart-ass, you need to be extra careful. Foo on me!
Touche, Tyler! You are right & I am wrong. Missed the MM part.
I have been wrong before, too. I think it was about 1983 ;-)
I need to go back & give myself a down arrow.
By way of comparison to Federal government's credit card tab- $16.8 million outstanding per 300 people (of which 150 aren't even paying income taxes), to which they are adding $1.5 million per 150 taxpayers or $10,000 per income taxpayer per year...
So if you pay US income taxes you're already an indentured servant to the tune of 100k and your government is digging you 10k deeper per year on top of what you are already paying...
Billion and Trillion are simply too abstract for most people to intellectually grasp.
A more important question is to whom is the USA exporting transportation fuels like gasoline and diesel oil?
They classify fuel used by the military overseas as an export.
Quite a lot of it goes to South America. Venezuela's heavy oil is not refinable by refineries in South America. They ship to the US Gulf coast and refineries there can handle it. Then the refined products are sent back to Venezuela for consumption.
This is labeled "export", even though the crude refined didn't come from the US.
Canadians are Americasns and just are not smart enough to know it.
Canada is the USA's bitch.
Unfortunately, this is all too true, although most Canadians will deny it vehemently.
Canada is a land of hewers of wood, drawers of oil, and diggers of precious metals, and stones. I remember my uncle telling me that when he started trucking again in the late 90's, that the majority of his loads were moving entire factories down to Mexico.
Obama's defict in fiscal year 2012 was 1.3 Trillion. = $4600.00 for every man women and child.
Canada's Steven Harper's deficit was 23 Billion. = $600.00 for every man woman and child.
You guys are absolutely brilliant. Canada has a lot to learn from our American betters.
I told my neighbor that every Canadian is either a whore or a hockey player.
He looked a little miffed and said "Hey, My wife is Canadian" .
I said "What position does she play?"
They send us oil and we send them hot air about global warming. Seems a fair trade.
They send us Oil and we pay them with ''clownbux''...........the joke is on them.......
Nah Canada uses the clown bux to buy Chinese crap. They use the clown bux to buy gold from the US. Joke's on the US, becuse in the end, Canada has the oil, the Chinese have the gold and the US... has the clown bux ;)
The Anschluss took place about or on the first Canada Day.
The Big Village doesn't export oil to the US for the money, they do it for a shit load of money.
Canada, The USA's single largest trading partner and historic ally. Until Obama that is. Canada's conservative economist Prime Minister couldn't be more ideologically different than the USA's current Marxist President.
Just as Obama has promised to punish his domestic 'enemies'. so too is he incrementally punishing the USA's previous capitalist 1st world allies and friends. ie Canada, Britain, Israel, etc.
Canada will survive. There's an entire world out there that wants to deal with a stable country like Canada. Due to Obama's leftist stance on things like the Keystone pipeline, Canada has learned a valuable lesson. Sometimes your friends will turn on you.
Sadly, we will have to adjust who our allies and friends are, by their actions. American's forget who fought and died with Britain for years fighting Hitler while FDR dithered and did business with both sides.
The US has the world's most awesome military might. After crapping on their friends, that may be all they have. I wonder if the free cell phones were worth it.
Strange... this feels a lot like GWB's third term, but here you are, telling me that this represents some sort of radical departure from the previous administration (or the one before that, and the one before that one, and the one before that one, etc.). It's all so fascinating to watch... Sheeple marched into equally divided camps. Hopefully god will intervene and put a republican back in the White House. Everything will sure to be fixed then.
You're very clever, young man, very clever, but it's turtles all the way down!
yes it is, and a post for them all
Yes... and he called Harper a capitalist. That makes me laugh, Harper is a much a fascist shill for tptb as Obama is.
dafuq? They look like they get along very well at G20, G7, G8, etc., and they work for the same true masters in the Bankster mafia
Watch Colombia become a bigger exporter....they keep finding oil and gas here..and if they get rid of the FARC.."pay them off"....there will be much more lands to explore and i think they will find more....
Ecuador will become a Marxist haven when that happens.
Thank God the economy is in the dumper, up here in Michigan gas prices just jumped from $3.72 to $4.15 (regular unleaded), and that was just over the weekend. Now just imagine if the worlds economy was doing well.
There will be no more growth as long as oil is linked to the economy. I am talking zero growth. Any growth "They" say is happening now is only in the minds of the numbers manipulators.
High prices + low wages = no growth. ~ roadhazard: 101
And yet gas costs 1.45/L ($5.50/gal). Alcohol is nigh unaffordable.
At least the Quebec strippers are affordable, and show more assets, up close. If you're into that sort of stuff. But I'm a saint, as you know.
;-)
Is this connected to oil taken via trains across border news I saw on ZH few months back.
Dumb question by a European: if there is no pipeline, how does all that Candian oil get "shipped" to US refineries? Do they load them onto trucks and then trains?
There are pipelines, just not enough of them.
Plenty of pipe lines and trains.
They want more pipelines
Canadians don't want pipelines going across there lands either. Those pipelines are not even for American consumption. They are for Big Oil to make money off of as it slides through their hands on the way out the door and into the oil tankers. Fuck'm
indeed. We'd be much happier with refineries making our own gas much cheaper than shipping it first to America as oil and then trucking it from various refineries to various gas stations.
Canada is not getting a good price for their oil. There is only one bidder, and this never is good for a seller.
If they are going to add pipelines, they should go to the Pacific coast for shipment to Asia. Then they will start getting Brent prices instead of $20/barrel less.
Also, note that what comes out of the tar sands goes into an "upgrader" and this makes the oil less viscous. Canada is also building some huge refineries in Edmonton that will extract gasoline and diesel. This is shippable to the Canadian eastern cities and won't need to go to the US for refining, before then shipping north to the Canadian east.
Bunch of ships on shorthaul trade from Canada, don't know about the pipelines.
A well site will have oil tanks to store the pumped oil. If there is no direct delivery, trucks with oil tankers are used to haul oil to a loading facility, then to the rail lines, the Canadian Pacific or the Burlington Northern. Both ship Bakken oil. Bakken oil from the Bakken in North Dakota ships to Canada for use in the Athanbasca tar sands. Bakken oil has lots of ethane and ethane is used in the tar sands. So, yes Bakken oil from North Dakota does go to Canada.
An oil company will own the oil, eg. Amerada Hess, Whiting oil, Continental Resources, even Statoil from Norway is in the Bakken, so a seller can choose a shipper to deliver to the buyer. Canadian oil companies as buyers of Bakken oil do exist
Leasing companies pay mineral owners, gather the leases, complete the process to obtain a driling permit, a driller will drill for an oil company, or the oil company will drill the well, complete the well to fracking stage, frackers will do their job, then the pump. Needs to be shipped, trucks do the job at this time.
https://www.dmr.nd.gov/oilgas/riglist.asp
"Bakken oil has lots of ethane and ethane is used in the tar sands."
This is the dirty little secret of the shale oil hype.
Ethane is a natural gas liquid. The rest of the liquid flow is "light sweet" and that phrase sounds favorable, but it's not. It's not so much light sweet crude as it is low energy density liquid. Proper crude has 5.6 million BTUs per barrel in it. You can push a food delivering truck so far with it.
A barrel of this other stuff won't push that truck that same distance. It's all part of the oil industry's ongoing BS and hype. In effect, "oil" has been gently redefined because the definition was never strict.
Venezuela oil has much more energy per barrel, because it's heavier. This makes it harder to refine, but physics always carries the day. If we measured US oil production in tons rather than barrels, a lot of things would look different.
Of course, water has weight, too. The right measure is BTUs or joules.
+1
I continue to be disappointed by ZH bloggers, insofar good comments like yours, that actually 'add value', get few up-ticks.
Since TPTB have also realized how easy it is to divert or dilute the site value with 'noise', obscenities, or stupid remarks, is it any wonder that they keep sending us such trolls, and that good bloggers give up and move on?
Think about it, sleep on it folks. And please think judiciously about your votes. YOU create the tone and quality that you vote for.
Yep, the lunatics took over the asylum...
Keystone has been operational since 2011.
http://en.wikipedia.org/wiki/Keystone_Pipeline_System
The last leg (Kushing to Houston) already has lines, but none dedicated to Alberta oil - this is what Obama is blocking.
Your are aware that only intellectually lazy people confuse Keystone with Keystone XL? I think we know where you fall in....
Currently, the BNSf hauls Bakken oil at a rate of approximately 50 trains or more each day. Week 21, the BNSF hauled 9,648 carloads of petroleum.
http://www.bnsf.com/about-bnsf/financial-information/weekly-carload-reports/pdf/20130525.pdf
We liberated Kuwaiti oil (Gulf War), Mexican oil (drug wars), Iraqi oil (2nd Gulf War), Saudi oil (US whoring itself to Israel) and we even tried to liberate Venezuelan oil (the 2002 coup). So we've just got to invade Canada, Iran and Venezuela and we would have liberated enough oil to rid this country of energy dependence.
To humbly add to your irony/sarcasm (with big chunks of unpleasant truth in it), allow me to say that such independence would do little for the powerful MIC lobby or banksters, or those with a "global zeal" to rule over all others.
In the off chance ... Fucking ZeroHedge classic.
+1 !!!!!!!
At least the Canucks are getting 30% more than SandLand combined, I'm OK with that, in fact if SandLand got zero I'd be happier still.
That tiny little partner on the far right - Brazil (Petrobras), Soros and Obama are blocking Keystone to get into deep sea drilling off the coast of Brazil.
Watch this number go way up if these clowns can pull it off.
Up north (USA) gasoline is more expensive, on average 40-70 cents a gallon higher than in much of the south. Yet, Canada sits on our northern border. So why isn't some of that imported supply staying in the northern states? Other than higher state gas taxes in the north, why such a variance? I recently paid $3.90 in Michigan and a day later $3.15 in South Carolina. I guess the south really is better...
Some of the difference is the taxes on the sale of gasoline.
Mich tax = 61.3 cents
SC tax = 35.2 cents
source GasPriceWatch.com
And, if your lucky like me, you can add in locality taxes. The county I live in adds another 6 cents to the equation. They figure they can get away with it because you'd have to drive 30 minutes into another county that doesn't charge the locality tax. And, at over three dollars a gallon you can't hedge your bets unless you haul gas cans with you.
And, you can add in other factors as well, the type of blend needed for your area determined by the EPA, and at what price they can sell the fuel.
Check out GasBuddy.com. It does look as if Michigan is being reamed dry on gas prices, some of the highest in the nation.
That source you list is combining federal and state gas tax. SC gas tax is 16.75 cents per gallo, however NC is hig at 37.75 cents per gallon. Mich is 38.7 cents per gallon
http://taxfoundation.org/article/state-gasoline-tax-rates-2009-2013
Here are some official (propaganda) reasons why gas is higher in other areas
http://www.eia.gov/energyexplained/index.cfm?page=gasoline_regional
I think the point is that state taxes play a role in why some areas of the country are higher than others.
Yes I understand that completely that state taxes play a role. Living in NC near the SC border I see it everyday when I go to the pump in SC instead of NC!
I was just making a point that not all southern states are cheaper NC has one of the highest state gasoline taxes in the country... coming at at number 5!
You are correct sir!
I inadvertently entered Fed and State taxes as just State taxes erroneously. I guess I went FULL RETARD on that one. Thanks for correcting my error.
I also avoided filling up in NC and waited until I hit SC to get my gas. I would hit exit 104 in Virginia and fill up, drive through NC to get cheaper SC gas and then fill up again in GA. But, they have all caught on to the scam and have raised prices, (or increased their fuel taxes), except SC, all along the 95 corridor. I used to be able to get cheap gas down at the GA/FL border, but no more. And, FL has always been known to fleece the tourists.
In BC a gallon of gas goes for $5.40. Great deals around here....and a lot of sore asses.