Jump to content



Photo

Texas Oil Booms, Building Pipelines


  • Please log in to reply
2 replies to this topic

#1 stocks

stocks

    Member

  • Traders-Talk User
  • 4,550 posts

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. 
 
 
 
 

-- -
Defenders of the status quo are always stronger than reformers seeking change, 
UNTIL the status quo self-destructs from its own corruption, and the reformers are free to build on its ashes.
 

#2 stocks

stocks

    Member

  • Traders-Talk User
  • 4,550 posts

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


-- -
Defenders of the status quo are always stronger than reformers seeking change, 
UNTIL the status quo self-destructs from its own corruption, and the reformers are free to build on its ashes.
 

#3 *JB*

*JB*

    Member

  • Traders-Talk User
  • 915 posts

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.