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View Diary: Gas Price Hits Record while U.S. Fuel Exports Hit Record in 2011 & Heating Assistance Slashed (123 comments)

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  •  Keystone-XL (2+ / 0-)
    Recommended by:
    cai, mightymouse

    would be a factor in increasing oil prices at Cushing OK, to be more in line with global oil prices (e.g. Brent). OTOH, oil prices on the Gulf Coast are already that high, so the net effect, nationally, will probably be very small. In fact, other infrastructure changes are already occurring to get oversupplied mid-continent oil down to the Gulf Coast refineries.

    •  A pipe was recently bought & flow reversed (7+ / 0-)

      to bring crude from Cushing to the Gulf. The disparity bewteen Cushing & Brent has decreased.

      Keystone XL would get even more crude down to the Gulf coast refineries for easy export.

      I agree, price predictions are perilous. Click on the linked diaries to see the points they made about the Kochs and fuel prices.

      look for my eSci diary series Thursday evening.

      by FishOutofWater on Mon Jan 02, 2012 at 05:39:11 PM PST

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    •  Do you mean to say that the Keyline projects (2+ / 0-)
      Recommended by:
      cai, Gorette

      intent is to ship the dirty oil from the Canadian oil sands to the Gulf.

      War is costly. Peace is priceless!

      by frostbite on Mon Jan 02, 2012 at 05:42:24 PM PST

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    •  From what I can see of the South Texas (2+ / 0-)
      Recommended by:
      NoMoreLies, A Siegel

      Eagle Ford Formation those Gulf Coast refineries are going to be swimming in oil real soon.
      I live there, and the changes in the last two years, to an area that has always been mostly a sparsely populated backwater, are incredible!
      (think of those pictures of the Australian Outback or African Veldts and you have an idea of much of it, a tough country)

      Not just oil field development and construction projects all over the place.
      Huge amounts of housing and business construction is underway to accommodate the many thousands of incoming workers. There are new housing subdivisions, apartment complexes, banks, stores, motels, trailer parks/farms, restaurants, infrastructure everything, springing up all over the place in little towns (from 100's-a few 1K's in pop) that a few years ago were on their deathbeds with abandoned, falling down buildings in the downtowns.
      It is literally like those old goldrushes. I'm sure it differs from other areas, like the oil plays in PA/NY/OH in that they have an overabundance of existing housing; not here, there is a severe shortage of it.

      It's an insane boom, I've never seen one like it, and I have lived through just a few Texas boom and bust cycles.
      I guarantee that y'all from other parts of the country can barely grasp the idea (or the scale) of it.
       But if any of y'all are looking for work you most likely could find it here, although housing might be a bit of a problem (and the climate is so much better than the Dakotas). A lot of the workers are living 20 to a rented double-wide mobile home in the trailer farms that have sprung up.
      If you have a travel trailer or motorhome, bring it on down. Even if you don't want to stay here or need to live in it, you can sell it for a lot more than you paid for it.
      It would be well worth the price differential to haul it down here, if you were otherwise thinking of selling it.

      Do I like it? Hell no, the place is never going to be as it was, a nice quiet place to live with lots of uncrowded things to do. I can't stand city living, having spent a lot of time working (on temp assignments) in them.

      "Double, double, toile and trouble; Fire burne, and Cauldron bubble... By the pricking of my Thumbes, Something wicked this way comes": Republicans Willkommen auf das Vierte Reich! Sie Angelegenheit nicht mehr.

      by Bluefin on Mon Jan 02, 2012 at 09:38:17 PM PST

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