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Permalink Reply by Krkyoldhag on September 19, 2012 at 2:02

Another block set up to stall LNG exports...

LNG Study Delay Adds To Uncertainty For Export Hopefuls

The U.S. Department of Energy said Monday it was pushing back a long-awaited study on the impact of U.S. liquefied natural gas exports, a decision that could create new concerns for a handful of high-stakes LNG export projects awaiting approval.

Have a pipeline question to add: Trinity Industries out of Hallsville is working double shifts, overtime to fill record number of orders for the RR oil tankers they manufacture.  I asked one of their people who was purchasing all these units and he told me it was to transport the oil from the Dakotas to the refineries.  He added that the pipeline will be completed in five years..I failed to ask WHAT pipeline to which refinery.  I thought the XL was on hold..so the question is  what pipeline is being built there and where is it going?

In the meantime Trinity is going full tilt to meet the orders.

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Permalink Reply by Krkyoldhag on September 19, 2012 at 2:13

Last night D. Trump said on TV that oil prices should be $20 a barrel.  He was discussing inflation and OPEC fixing prices and how its going over $100 any day..Well, duh, it was $99. and some change this week so that's not a magical prediction is it?

More dollars flying out of the country.

I know it does not matter one way or other but I have the list of gas stations that sell only USA produced oil and gas and those are the ones I use.  Wonder if it would matter if everyone did that for a couple of weeks?

Watched an old 1933 movie on TCM last night...interesting..it told the story of a president who sent Congress and Senate into recess and ruled by directive..he created Marshall Law to take control with premise he would cure unemployment.  Then he got all other nations to sign onto a covenant agreeing to pay their war debts to USA thereby bankrupting them.  Seems they owed the debt for loans made for WW 1 and instead of paying back they built up armanants for themselves. 

The thing is this saviour pres became a dictator with his actions.  Not a good movie at all..but my interest in it was in how some of it sounded so familiar.  It was filmed just as Roosevelt was coming into office for his 4 terms.  It was a warning bell that no one heard.

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Permalink Reply by DrWAVeSport Cd1 on September 19, 2012 at 6:39

BIG Question...

Just WHO runs the U.S. Department of Energy... OPEC or Dubai?

It certaintly ISN'T US/U.S.

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Permalink Reply by DrWAVeSport Cd1 on September 19, 2012 at 15:01

sesport II,

I may be missing your ?

Here's hoping Platt's 10 year analysis on Future U.S. oil Production is a good one.

http://finance.yahoo.com/news/u-crude-oil-production-rise-135400728...

"NEW YORK, Sept. 10, 2012 /PRNewswire/ -- Crude oil production in the United States is projected to grow by 74%, or more than 4.9 million barrels per day (MMb/d), during the next 10 years to an average of 11.6 MMb/d by 2022, according to Bentek Energy®, the energy data analytics unit of Platts, a leading global energy, petrochemicals and metals information provider.

"Not only will the projected record growth in oil production affect North America, it will have dramatic implications for global crude oil markets," said Jodi Quinnell, Bentek oil analysis manager. "We foresee a massive displacement of traditional waterborne oil imports to the United States by 2022, taking them from 45% of U.S. total crude supply to no more than five percent."

If correct...  Will this "forecast" make a good case for U.S. LNG exports?  I think so. 

How about U.S. use its own oil production and export nat gas production?  Helps Lower U.S. gasoline prices, Helps U.S. nat gas prices...  Helps U.S. Energy Independence. 

Could this scenario be a Win-Win-Win for U.S.? 

Wow...  A U.S. Energy Triple Play...

And "add 3.6 Million Jobs..." 

I  just had to catch my breath on that one.  LOL.    

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