Recent

% | $
Quotes you view appear here for quick access.

Linn Energy, LLC Message Board

you are viewing a single comment's thread.

view the rest of the posts
  • norrishappy norrishappy Jan 20, 2013 7:15 PM Flag

    More Foolishness

    Your behavior is at issue. You are responsible for your absurd behavior and endlessly misleading posts.

    Is North D oil production down as you claimed?
    Why is the emphasis on natural gas and ngl pipeline?
    Certainly not as you supposed that oil production was declining.

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • Ok, I'll break my New Year resolution and respond to you. This is from the ND Oil and Gas website, which your cohort in crimes loves and quotes only what he thinks is positive. Note that he didn't post this month's report (but I did, over on the KOG board):

      Oct 2012 Oil 23,225,571 barrels = 749,212 barrels/day
      Nov 2012 Oil 21,992,345 barrels = 733,078 barrels/day

      Can you do the math?

      There is no "emphasis" on NGL pipelines. I merely was pointing out that more NGL pipelines are being built in the Williston than there are oil pipelines because:
      1) It is not economical to bulid a pipeline to every well in North Dakota;
      2) Rail is more efficient than pipelines are because it can carry it to more markets even though it is more expensive to do so;
      3) Pipelines are permanent; rail is not and is more flexible. IE, Rail can carry wheat, but pipelines cannot; After the surge of production in North Dakota wanes, pipelines will be underused and useless, and an expensive proposition for investors. Kudos to ONEOK to cancel a pipeline yet commit to build an NGL processor and the accompanying infrastructure.

      I never said there wasn't going to be an increase in pipeline takeaway - what I DID say was that pipelines will have a lesser role in Bakken oil transport than rail.

      • 1 Reply to rlp2451
      • Unbelievable wrong again even after you have the answer given you.

        1) Trains can move oil to better pricing.
        2) Lighter ngls can not be flared off long term.
        3) NGL pipes and oil training necessarily go together.
        4) Trains are an interim solution

        PIpe being 10 to 20 times cheaper will replace trains once the market is established.

        Again Seaway is open and there has been a positive impact to realized prices. It will continue to be looped as long as there are discounts.

        Keep digging and proclaiming thing one and thing two know what they are doing.

        Back fitting returns an opinion? Really?

 
LINE
0.180.00(0.00%)May 23 3:59 PMEDT