Migrator Man
★★★★★ Legendary Member
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Keystone will not be installed unless we see the demand for oil rise. There is no need for it in the current economy. That same goes for the sandpiper pipeline
Yeah they cut it across the north east corner of the sandhills which is where much of the Ogallala aquifer water percolates down from the surface and then slowly works its way south down towards of Texas panhandle. That aquifer is having some serous over use problems and is rapidly being depleted so they had a powerful platform of start their protest from and unlike the protesters here they had a number of valid points of contention.
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That aquifer has more issues than over use already. Wife and I were headed home from a trip last year and stopped for the night in Lincoln and checked into a hotel where we were told we couldn't drink the water or even shower and were handed jugs and bottles of water due to the corn belts over use of chemicals has the water source too polluted to be safe for use.
And the protesters are going after oil makes no sense.
I have done a little reading on the Des Moines Water Works lawsuit. The protesters are barking up the wrong tree.
I find its a good idea to do a little research on the topic before using absolutes in a discussions. It helps and can turn up such things as the fact that trans Canada announced yesterday that they would be pursuing the pipeline again now that trump is assuming the presidency.Keystone will not be installed unless we see the demand for oil rise. There is no need for it in the current economy. That same goes for the sandpiper pipeline
I find its a good idea to do a little research on the topic before using absolutes in a discussions. It helps and can turn up such things as the fact that trans Canada announced yesterday that they would be pursuing the pipeline again now that trump is assuming the presidency.
we quit shipping by rail and ship by pipe. not rocket science. and oil production in ND is going to start going up now anyway. Lots of fracing cranking up on wells drilled quite some time ago. Oasis alone has 120 to frac right now. and there are many others. Plus new rigs have been added and are being added now.Where is all this new oil going to come from? Why would a producer commit to a long term contract when it is not known when they can actually make a profit off producing oil. They can propose all they want but whether it actually gets built is the real questions. I stand by my comments that this line will not get built in the current oil economy ex. Sandpiper. There is a big difference between a news story and the understanding of the oil economics.
we quit shipping by rail and ship by pipe. not rocket science. and oil production in ND is going to start going up now anyway. Lots of fracing cranking up on wells drilled quite some time ago. Oasis alone has 120 to frac right now. and there are many others. Plus new rigs have been added and are being added now.
Tar sands production is still increasing not decreasing. they are already looking at building another pipeline to Vancouver to take up the slack from the loss of keyston XL but prefer XL because that line would make it so they don't have to take as big of a discount over America crude as they do now. the tar sands operations are not like the liquid oil operations in that they can't speed up and slow down fast due to how it's extracted. so the shipper if he can get a few more dollers per barrel by going down XL is definitely going to take that route and that's where the oil for the line will come from and why trans canada will build it and has already come out and said as much.
they have been mobilizing them for the past month and adding crews daily. time to frac wells has went down also. won't take much to maintain the current level of production because the wells currently producing have dropped off to a pretty consistent level of production now. There is even a new fracing company in town now as well. by the time that pipeline is completed there will be a strong need for it. there is now. If we put zero barrels of oil on a train it's too many. we take a price beating when shipping by rail or truck. we will get extremely close to the price of west texas if it's piped. so I can guarantee you we will shove every barrel we can down that pipeline.Production in ND may remain steady if they start fracing again but the longer they wait to Frac the bigger dip in production we will see. With DAPL there will be much more pipe volume out of ND than ND production to fill it. Fracing cannot happen over night and will take a bunch of crews to even maintain the current level of production. Can the industry mobilize these crews overnight ? Nope
Tar sands production is still increasing not decreasing. they are already looking at building another pipeline to Vancouver to take up the slack from the loss of keyston XL but prefer XL because that line would make it so they don't have to take as big of a discount over America crude as they do now. the tar sands operations are not like the liquid oil operations in that they can't speed up and slow down fast due to how it's extracted. so the shipper if he can get a few more dollers per barrel by going down XL is definitely going to take that route and that's where the oil for the line will come from and why trans canada will build it and has already come out and said as much.
Perhaps someone should tell them.
Now that Trump is President, he's going to go out to the camp and personally beat the piss out of each and every one of those hippies, or so I'm told.
How do you make the leap from looking at a new line to already having contracts signed? It's not like they ever gave up on the XL line with them going after the government through two different legal channels. In the end if you want to debate it do it with them since they are the ones saying they are going to do it and I bet they know the numbers just a touch better then you and i!Production in ND may remain steady if they start fracing again but the longer they wait to Frac the bigger dip in production we will see. With DAPL there will be much more pipe volume out of ND than ND production to fill it. Fracing cannot happen over night and will take a bunch of crews to even maintain the current level of production. Can the industry mobilize these crews overnight ? Nope
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If the producers already committed to another pipeline through long range contracts then they can just jump ship to keystone xl. Keystone will have to get uncommitted volumes or new production in order to make the project go. Will this happen in today's oil economy? Probably not. Oil sands takes a discount to other oil because it costs more to ship and is over supplied to certain markets. The producers will ship there oil to where ever the best netback is. Netback is essentially the amount of profit when considering shipping costs and selling price of the oil.
I for one don't care what he can do I care about what he won't do! he won't block the pipeline he won't come after my guns he wont continue the attack on coal and fracing!