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  • norrishappy norrishappy Jan 21, 2013 8:30 AM Flag

    What I've Been Saying All Along

    PN Bakken: Bakken oil to feed Kenai refinery?

    Besides price, downsides of ANS oil

    Tesoro said in July 2011 that Bakken crude oil at the Anacortes refinery yielded approximately 16 percent more clean product and less fuel oil than ANS crude, and that during the second quarter of 2011, the price difference between those products averaged approximately $28 per barrel.
    Although the price differential decreased in the second quarter of this year, Goff confirmed May 3 that, “as a rule of thumb … Bakken barrels substituted for ANS … will improve the gas and diesel by approximately 16 percent. … We basically reduced the fuel oil production by 16 percent and produced gasoline and diesel.”
    The refiners seem bullish on the idea of these “pipelines on wheels” because it allows them to buy crude oil feedstock quickly and shift around opportunities. Recent Conoco (NYSE:COP) spin-off, refiner Phillips 66 (NYSE:PSX) announced that it’s looking into buying as many as 2,000 tank cars to ship crude produced from Bakken to its facilities on the East and West Coasts.
    However, the company says its dominance will grow as more facilities are built. BNSF estimates that it could ship roughly 730,000 barrels of crude daily out of North Dakota. Likewise, competitor Union Pacific (NYSE:UNP) has plans in the works to quadruple its Bakken-to-Gulf rail delivery volumes this year.

    While both represent great plays, the best option could be Canadian Pacific (NYSE:CP). The railway owns one of only two with tracks in the North Dakota part of the Bakken, and it has been seeing growth in both in- and outbound volumes. The Calgary-based company predicts by 2014 it will be carrying more than 70,000 carloads of crude out toward refineries.

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    • 2011? Couldn't find anything more relevant than that? I think you'd better ask SOB to conduct your Google searches.

    • "That is the beautiful thing about numbers. Profitability either exists or it doesn’t. Just AskChesapeake!"

      The propaganda RLP'D posted was self contradictory and as always shows just how ignorant and mindless it is.

      Now if there is already excess pipe capacity why would any one build train terminals to carry more at 10 times the cost? Why because the size of the resource is a hoax and it is declining quick?! So build more take away capacity at 10 times the cost?

      As Sand has been good enough to post ND production and takeaway are still growing very quickly even with Obama scared business to death drilling capital budgets.

      As throughout our economy EPs like all business has focused on efficiency and lowering costs rather than going into job creating full tilt growth.

      The good part of this is the cost of producing ND oil or oil anywhere in the US is coming down by huge amounts. Making it ever more economic to produce.

      SA has had to make significant reductions in their out put to maintain Brent oil prices.

      Something to think about when these completely dishonest environmentalists try to blame the 80% reduction in what fellow Americans pay for natural gas due to over production on high decline rates.

      The only really amazing thing is RLP'D would be so completely ignorant as to post it on an energy board. This is the type of brazen behavior which once resulted in tar and feathering in our history.

      But in Mom's basement these pale miscreants and would be morlocks are safe. Soon they will begin prattling about the merits of a Obama/Progressive carbon tax.

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