Replies to This Discussion

Permalink Reply by DrWAVeSport Cd1 on August 11, 2011 at 5:25

Vote Yes, We NEED jobs...We NEED Canada too, IMHO, strictly my opine.

 

 

 

 

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Permalink Reply by Krkyoldhag on August 11, 2011 at 7:30

Yes I support any effort that would help make us independent of Mid East Oil...

Makes sense to me..jobs for fuel..both very much needed in Canada and States.

As soon as Ford comes out with a pickup truck that runs on Natural Gas I will be buying one.

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Permalink Reply by Spring Branch,mineral owner on August 11, 2011 at 7:52

Why should I be in favor of building a pipeline to bring gas into an already gas-flooded market?

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Permalink Reply by Les Bamburg on August 11, 2011 at 7:53

SB, the pipeline is to move oil into Gulf Coast refineries.

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Permalink Reply by Spring Branch,mineral owner on August 11, 2011 at 7:54

In that case I'm all for it!

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Permalink Reply by Big Iron on August 11, 2011 at 8:03

Spring Branch,

 

Yeah, I knew that was a risk bringing the topic here.  But really, is it gonna make a difference in the price???  I don't think so. 

 

And in my opinion we all shoot ourselves in the foot when we don't support the free flow of both gas and oil.  The demand is going to be there and that's what will drive price.  We need to get over our "I have to make sure I protect my little corner" mentality. 

 

In this nation we are already attacked on all sides.  If we attack each other or just stand in each other's way, we don't do the business or ourselves ANY good. 

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Permalink Reply by Spring Branch,mineral owner on August 11, 2011 at 11:00

Though I don't specifically disagree with you, Big Iron, I would have serious questions about the economics of the Trans Canada Keystone pipeline if it's primary purpose was to bring natural gas from the North Slope of Alaska, through Canada, and into the US which is already flooded with cheap natural gas.  Would kinda look like all the LNG import terminals built here............not a lot of demand for them.   Oil.....that is a different matter.

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Permalink Reply by Big Iron on August 11, 2011 at 11:20

Yeah.  I should have explained that it's a 36 inch pipeline for oil from Alberta to Port Arthur.  And I just assume the economics are there if someone can get the capital.  Obviously the "import" terminals are moot now.  But I hear we actually may export CNG from them someday.  I'm sure the pipes will flow both ways... Didn't mean to step on any tails either way.

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Permalink Reply by Les Bamburg on August 11, 2011 at 15:03

BI, I assume you mean LNG.  Major capital investments are required to add export capability (liquefaction facilities) to an existing LNG import terminal.

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Permalink Reply by Big Iron on August 11, 2011 at 17:13

Yep Les B.  I meant LNG.  I'm a Dow Chemical retiree.  I've sat and listened to the one in Freeport rust.  It's an awesome sound.

 

And yes, it would take some investment to retrofit.  But it took a lot more capital to build and the economics were at one time there.  Someday let's hope production here and consumption the world over is enough to drive that retrofit.

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Permalink Reply by Les Bamburg on August 12, 2011 at 2:47

BI, the additional capital required is about five times the original cost.

 

By the way, Freeport capacity was fully contracted for 20 years so the owners are receiving plenty of revenue even with few actual LNG cargos being delivered.

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Permalink Reply by Big Iron on August 12, 2011 at 3:08

Yeah.  Liveris ain't much on brains.  Cost us 20 billion trying to force a bad deal with the Kuwaitis. 

I'm not sure where you are getting the figures.  But it sounds like it would be cheaper to demo the current one and re-build if it's truly 5 times the cost.  Are you including pipelines from the gas fields to arrive at that value?  If so then it's not a fair comparison.  Those pipelines are getting built anyway.  Whether theres an export ready facility or not.  Dow is building big new plants based on those piplelines, and if they pipe it to Dow, then those lines will be a few hundred feet from that facility. 

Regardless, if the economics were there to import, they might very well be there to export someday.  Especially if we never get cars and trucks on cng. 

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