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Texas Oil Booms, Building Pipelines


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#1 stocks

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Posted 26 November 2018 - 06:37 AM

 Total U.S. production rising at fastest pace in 98 years
 Pipeline bottleneck in Texas set to ease by end of 2019 
 
Permian producers expect to add three new pipelines and an additional 2 million barrels of oil a day. 
 
August saw the largest annual increase in U.S. oil production in 98 years. The American energy industry added nearly 3 million barrels, roughly the equivalent of what Kuwait pumps, than it did in the same month last year. Total output of 15.9 million barrels a day was more than Russia or Saudi Arabia. 
 
The growth was possible because oil traders decided not to be stymied by the dearth of pipelines. They used rail cars and even trucks to ship barrels out of the region. But pipeline companies unexpectedly increased capacity, in part because they added chemicals known as “drag reduction agents’’ to increase flow. A new pipeline came online earlier than anticipated, and with three more expected between August and December next year, production is poised to soar. 
 
 
 
 

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#2 stocks

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Posted 01 December 2018 - 05:18 AM

Palin Was Right: 'Drill, Baby, Drill!' 

 

Back in 2012, geologist Barack Obama told us that calling for increased production as Alaskan Gov. Sarah Palin did ("drill, baby, drill,") was not a plan, but rather "a bumper sticker."  Obama assured us, "You know, we can't just drill our way to lower gas prices,"

 

Well we have, just as those manufacturing jobs that weren’t coming back have come back. 

 

 

 

https://www.american...baby_drill.html


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It's easier to fool someone than it is to convince them they have been fooled.


#3 *JB*

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Posted 01 December 2018 - 08:17 PM

I haven't heard the phrase ''peak oil'' in a very long time.
"Don't think...LOOK!"
Carl Swenlin, founder of Decision Point and original Fearless Forecasters board.