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  • norrishappy norrishappy Feb 7, 2013 9:50 PM Flag

    More Bakken Oil to be Moved By Rail

    After all the nonsense you made about ND oil production down because of well decline rates?

    Gee maybe that is why Norfolk rail road went from below $60 to $68 in a few weeks?

    It's estimated that 52% of crude out of the Bakken is moved by rail, and pipeline operators pick up just 38% of shipments.

    Would you like to take this opportunity to admit you were completely wrong about production, take away and well decline rates?

    American wonder why our economy is not working the way it could and should. It matter Americans. It matters a great deal.

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    • Tell us when you get your slow boat to China rigged up to gather helium. Maybe you and SOB can then build a helium balloon to go to the moon for his next project, Helium-3.

      • 2 Replies to rlp2451
      • On this new one:
        " Maybe you and SOB can then build a helium balloon to go to the moon for his next project, Helium-3."

        What is your problem?

        ....I said nothing about the moon yet you keep repeating yourself and including me in something that I never said.

        If you have some difficulty remembering what is said, just re-read the thread.


        Are we to be impressed that you can read wikipedia to find out that the moon has some Helium 3 on it?

        It can be made without much difficulty right here on this planet so why do you keep talking about the moon?

        ....you made that one up all on your own, since I did not suggest it or even mention it.

        Maybe norris should start a list of things you just make up.

        Do you still think youcan get hydrogen " from the air so you do not have to mine it" ....or did you check wikipedia for that yet?

      • Yes you were just as wrong about the value of the helium.

        Simple math 2% * 24 times more valuable than dry ngas = about 50% of revenues.

        But you will just keep on with the indolent petty existence.

        The amazing thing is from Obama all the way down to the basement with lazy say anything Beckel it is all the same nonsense. The reality is it hurts America and therefore Americans suffer as result.

        Hey but Progressive won the election with the insanity. That is all that matters.

    • Looks like some old news....since we already saw the numbers from the ND Pipeline Authority:

      Railroad takeaway for OIL in Bbls/day for The Williston Basin

      2008.....30,000
      2009.....95,000
      2010....115,000
      2011.....275,000

      2012.....730,000
      2013.....880,000
      2014.....880,000
      2015.....880,000
      2016.....880,000

      Pipeline takeaway for OIL in Bbls/day for The Williston Basin

      2008......272,000
      2009......286,000
      2010......337,500
      2011......413,000
      2012.....463,000
      2013.....658,000
      2014.....918,000
      2015.....1,018,000
      2016.....1,243,000

    • norris, when I spotted this below I thought about that 10 TRILLION dollar folly about the Marcellus + Utica ....

      This was about the Eagleford:

      "The Eagleford Shale in southwest Texas is a premier liquids-rich development in the United States. With its higher-margin oil and natural gas/condensate, the Eagleford Shale is also among the most capital-efficient shale plays in Anadarko’s U.S. onshore portfolio.

      In 2011, industry activity in the Eagleford Shale generated more than $25 billion in total economic output. It provided $257 million in local government revenue to southwest Texas communities and an additional $358 million in state tax revenue source. The Eagleford Shale demonstrates the job creation that can be achieved through domestic oil and natural gas production, with southwest Texas counties recording some of the highest employment rates in the country."

      So.
      ....if they were about the same size in economic activity....would that be only about 400 years to get to ten trillion dollars in economic activity?

      Okay,
      ...so double the rate since things will probably increase....does that mean that it will only take 200 years to generate the $10,000,000,000,000 in economic activity that was posted?

      • 1 Reply to sandonthebeach47
      • Hi Sand,

        Yes I see the whole OLB has gone epic in the group fluttering chatter today.

        As the OLB has no economic, business or investment study they do not understand $25 billion in output is an input into an economic multiplier of activity.

        But Obama has killed the usual economic multiplier. We are not drilling as quickly as the well ROIs would dictate. A large part of this is due to the fact our chemical companies are going very slow with investment due to Obama irrationality and therefore policy uncertainty.

        As you know the total economic output of a wealth creating activity moves through the economy gathering energy.

 
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