Dynamics of Fossil Fuel Movement
Posted: Tue 15 Apr 2014, 13:59:13
We’ll see if this new thread has legs. The subject matters tends to jump from one thread to another so it might be easier to focus in this one spot. It won’t just cover movements overseas but also those closer to home. Such as shift has happened with Canadian production making it to Texas refineries now instead of being trapped in the mid-continent region. And Eagle Ford Shale production escaping from S Texas to eastern Canadian refineries. And Canadian oil making its way via rail to Washington state where it can be sent down the coast of CA (and overseas) via tankers. And, of course, the potential for Alberta production to eventually escape from Canada’s east coast to overseas markets. And the fact that the KSA is now retaining 600,000 bopd of formerly exported oil for its new refinery JV with China. And the fact that the US has increased its export of coal by more than 3000% in recent years. Then there’s the movement of NG as LNG from US ports which is still insignificant compared to amount of domestic NG being shipped via pipelines to Mexico and Canada. And the developing stories about certain EU countries trying to alter the flow pattern of the NG they buy from Russia that currently move through the Ukraine. And then there’s this latest story about a potential shift of one traditional movement of energy from the south to the north: NG. This ties with a story posted a while back about industries dependent upon energy very gradually moving from the northern US states (and a few EU countries) to the southern states. There won’t be huge changes in a just a few years. But over a decade or two distribution of fossil fuels, both domestic and foreign, may look very different then today. So in general not so much about peaks or how much is left in the ground but who has access to what's left and the dynamics of that control.
So here’s a story few would have paid attention to: Antero Subscribes 100% Kinder Morgan's Broad Run Projects. I left out the boring tech details and offer just the red meat:
“The results of the Broad Run open season demonstrate that demand for clean, efficient natural gas is continuing to drive production growth in the Marcellus, Utica and other shale resource plays, and that our assets are well positioned to serve those plays. The capacity subscribed in this open season also underscores continued growth in Gulf Coast consumption markets and the need for more supply for processing, fractionation and liquefaction, and other end uses in the area.”
{IOW maybe someday those Yankees can retaliate with a similar bumper sticker: “Let the rebels sweat in the dark”. LOL}
So here’s a story few would have paid attention to: Antero Subscribes 100% Kinder Morgan's Broad Run Projects. I left out the boring tech details and offer just the red meat:
“The results of the Broad Run open season demonstrate that demand for clean, efficient natural gas is continuing to drive production growth in the Marcellus, Utica and other shale resource plays, and that our assets are well positioned to serve those plays. The capacity subscribed in this open season also underscores continued growth in Gulf Coast consumption markets and the need for more supply for processing, fractionation and liquefaction, and other end uses in the area.”
{IOW maybe someday those Yankees can retaliate with a similar bumper sticker: “Let the rebels sweat in the dark”. LOL}