Research Links (On Going Research)
The Bakken Pipeline a/k/a the Dakota Access Pipeline Project (DAPL) a/k/a Dakota Access a/k/a Energy Transfer Partners a/k/a Sacred Stone
Support: Bakken Pipeline Resistance Coalition, a collective of 30-plus environmentalists' and landowners' associations, along with Native American groups
After 40-year ban, U.S. starts exporting crude oil
- Some of that American oil is now finding a home overseas. On New Year's Eve ConocoPhillips(COP) and NuStar Energy (NS) announced what they said was the first exports of U.S.-produced light crude oil since the ban was lifted. The companies shipped oil pumped from the Eagle Ford Shale of Texas.
- Other shipments believed to be containing oil pumped from the U.S. have left for destinations in Europe in recent weeks as well.
- In the long run, the ability to send U.S. oil overseas will help the energy industry. In the short term, the depressed oil prices are actually expected to slow U.S. oil production in 2016.
- "Oil oversupply is currently a global issue, and not one confined to the U.S. There is little appetite or need for our oil to flow anywhere else," said Anthony Starkey, manager of energy analysis at Platts Bentek.
- There are also logistical hurdles keeping U.S. oil from straying too far from home. Due to the longstanding export ban, America's Gulf Coast doesn't currently have the equipment in place needed to load the giant supertankers that other countries typically use to ship oil long distances, according to Nilofar Saidi, a crude oil market analyst at ClipperData. Smaller ships can be used on voyages to Latin America and Europe, but aren't ideal for far-flung places like East Asia.
- However, U.S. refiners have spent heavily on upgrades in recent years that allow them to process the ultra-light crude being pumped from U.S. shale fields. That means it probably makes more economic sense to leave American oil at home for now.
The Government Quietly Just Approved This Enormous Oil Pipeline
It took seven years of protests, sit-ins, letter writing, and, finally, a presidential review to prevent the Keystone XL oil pipeline from being built. Now, in a matter of months, America's newest mega-pipeline—the Dakota Access Pipeline Project (DAPL)—has quietly received full regulatory permission to begin construction. Known also as the Bakken Pipeline, the project is slated to run 1,172 miles of 30-inch diameter pipe from North Dakota's northwest Bakken region down to a market hub outside Patoka, Illinois, where it will join extant pipelines and travel onward to refineries and markets in the Gulf and on the East Coast. If that description gives you déjà vu, it should: The Bakken Pipeline is only seven miles shorter than Keystone's proposed length.
CORPORATE OVERVIEW - Energy Transfer is a Texas-based company that began in 1995 as a small intrastate natural gas pipeline operator and is now one of the largest and most diversified investment grade master limited partnerships in the United States. Growing from roughly 200 miles of natural gas pipelines in 2002 to approximately 71,000 miles of natural gas, natural gas liquids (NGLs), refined products, and crude oil pipelines today
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