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Also the specter of electric vehicles looms large over the horizon. The hopes of cheaper gas may put that off a little longer, but not forever.
reply to post by tovenar
Question. Does this change in the oil dynamics reduce the need for the Keystone pipeline?
Canada seems to be continuing it's northern pipeline to the west coast. Is that a replacement for the Keystone or can there still be both?
There were a total of 143 operable petroleum refineries in the United States as of January 1, 2013.
The "newest" refinery in the United States began operating in 2008 in Douglas, Wyoming. However, the newest refinery with atmospheric distillation capacity greater than 100,000 barrels per day began operating in 1977 in Garyville, Louisiana.
Ground was broken in March 2013 for construction of a new refinery in North Dakota. The 20,000-barrel-per-day (bbl/d) Dakota Prairie facility is scheduled to be built in 20 months.
Capacity has also been added to existing refineries through upgrades or new construction. The most recent examples include:
•In 2012, Motiva upgraded its refinery in Port Arthur, Texas, making it the largest refinery in the U.S. with a capacity of 600,250 barrels per calendar day.
•In 2009, Marathon upgraded its Garyville, Louisiana refinery. As of January 1, 2013, the capacity is more than double its original 1977 capacity.
The refineries don't care how the oil gets to them from what I can see. Railroads have always had the "inside track" when it come to the feds...just ask a "trucker"..LOL
reply to post by Mikeultra
Is that "3.07" price a drop from the last few months?
My understanding is Pa. shale NG is going to go into N.Y. at a far cheaper rate than current prices. If people start converting from fuel oil burners to NG that would take pressure off of the pump prices nation-wide, at a guess.
A drop in Natural gas prices might also revive the conversion of fleets to CNG, a fairly cheap process, from my understanding.