Industrialized Cyclist Notepad


CRS on the SPR

(Congressional Research Service)

(Strategic Petroleum Reserve)

Via http://www.fas.org/sgp/crs/misc/R42460.pdf


click to enlarge

I believe they reversed or will reverse the Seaway.



Iran offers to front Pakistan 80,000 bpd

First one’s free. Yeah.. If you like it, you know where to find me. Tell your friends.

“It is only an initial offer of 80,000 barrels on deferred payment at the moment,” Irfan Qazi, a spokesman for Pakistan’s Ministry of Petroleum and Natural Resources, told Reuters.

via Iran offers Pakistan 80,000 bpd of oil – official | Reuters.



James Hamilton on crude oil and gas prices

My rule of thumb has been that for every $1 increase in the price of a barrel of crude oil, U.S. consumers are likely to pay 2-1/2 more cents for a gallon of gasoline.

Hamilton points to the lack of adequate pipeline infrastructure in the US to explain the gap between Brent and WTI.

via http://www.econbrowser.com/archives/2012/02/crude_oil_and_g.html



Juuust a bit outside

This was the EIA’s thought on future oil prices just nine years ago:

From an article on EIA predictions at Seeking Alpha: http://seekingalpha.com/article/363431-flawed-oil-forecasts-hide-continued-upward-pressure-on-prices



Suncor refinery benzene still in the Platte River

From a new article by Bruce Finley in the Denver Post.

Yes, this is Denver drinking water. They don’t even know where the leak is.



2011 API numbers

…show US, though producing more and consuming less, still importing over 11 mbd in 2011, with just over 2 mbd from Canada.

Via Oil & Gas Journal.


click to enlarge



Downhill racers: supply versus demand

IEA forecasts flat global oil demand for 2012.

http://www.rigzone.com/news/article.asp?a_id=114374&hmpn=1




Follow

Get every new post delivered to your Inbox.

Join 83 other followers