Umm. No. And yes. With the activation of the now twinned Trans Mountain pipeline to the west coast of BC, we're starting to see a realignment of our crude export model, along with an increase in the prices we realize for the product.
U.S. imports of crude oil from Canada reached a record of 4.3 million barrels per day (b/d) in July 2024 following the expansion of Canada’s Trans Mountain pipeline. July is the most recent month for which data are available in our Petroleum Supply Monthly (PSM). The Trans Mountain Expansion (TMX) tripled the line’s previous 300,000-b/d capacity when it began commercial operation in May 2024, bringing additional crude oil produced in the landlocked province of Alberta to Canada’s west coast, where it can be exported. Historically, most crude oil exports out of Alberta have made their way either to refiners in the U.S. Midwest via pipeline or to the U.S. Gulf Coast by rail shipments, where they are either consumed by refiners or loaded onto tankers for seaborne re-exports. TMX was added alongside the previous Trans Mountain pipeline to move larger volumes of crude oil to the coast of British Columbia to then be exported directly to Pacific Ocean buyers. Since TMX came online in May, early data indicate that refiners on the U.S. West Coast have been key buyers of the new export volumes. Between June and September, the U.S. West Coast accounted for just over half of all maritime crude oil exports out of Western Canada, with the rest going to destinations in Asia, according to data from Vortexa Analytics. The U.S. West Coast imported 498,000 b/d of crude oil in July 2024, according to our PSM, a record high for the region and an increase of 115% compared with July 2023. link for quote and image
Previously, Alberta crude was sold at a discount, primarily due to the constraints within shipping the product by pipeline - and higher costs to ship it by rail. When Biden nuked KXL on day one of his term, he not only killed US & AB jobs, he further enabled that constraint in shipping to the Gulf coast refineries that can use our particular feed stock. That constraint doesn't look solvable in the near term, unless a Trump presidency activates the completion of KXL. So you're stuck with Venezuelan crude topping up what Alberta can't supply to those refineries until that reality changes. Of course shale gas has totally upended the industry as well. Here's an excellent overview documentary on the topic. Ignore the mention of Trump, as that only happens in literally the very last sentence of the script. Youtube - 2017: Shale cowboys: fracking under Trump
Thanks for the corrections and updates.
I did say I was working off my memory. At least I had the gist of it right.
You're really reaching on this one. Of course there are certain types of crude that require special refining processes, such as the heavy crudes coming from both Venezuela and Brazil. We built refineries specifically for these types of crudes, the same as would have been coming down the Keystone Pipeline from an ally, Canada, not our enemies. Now the bulk of Canada's tar oil goes to the West Coast via a new pipeline built when Keystone was killed and off the continent to China.
That is one reason we had Venezuela in a bind, until Biden rolled over and killed the Keystone making us need Venezuela's crude to keep our refineries going.
You are aware that we went into Libya at France's request because their refineries were dependent on Libya's special light sweet crude ? If it wasn't for that, there would have been no urgency to go into Libya at all, and the area would not necessarily be destabilized as it is now. We certainly had no interest in Libya's oil. It was all the EU and specifically France.
You need to read up and learn more about crude oil, the types and the processes and who has what processes available to refine which crude.
The fact that we became a net exporter means absolutely nothing to you and your friends. Instead you redefine reality to suit the needs of your arguments, which is how the left in general works to keep their narrative alive. Energy independence means that we are on equal footing with the rest of the world and had real leverage for the first time in managing our needs without having to rely on our enemies for crude. If the Keystone were finished we would not need the enemy's crude, they would need us more than ever to refine their crude which no one else in the West has any major capabilities to do it. Also we could always reconfigure our present refineries if needed.
You need to understand the real scope of how oil works and does not. I knew everything above without having to look it up. Go ahead and debunk me. It should be easy.
Umm. No. And yes.
With the activation of the now twinned Trans Mountain pipeline to the west coast of BC, we're starting to see a realignment of our crude export model, along with an increase in the prices we realize for the product.
U.S. imports of crude oil from Canada reached a record of 4.3 million barrels per day (b/d) in July 2024 following the expansion of Canadaâs Trans Mountain pipeline. July is the most recent month for which data are available in our Petroleum Supply Monthly (PSM).
The Trans Mountain Expansion (TMX) tripled the lineâs previous 300,000-b/d capacity when it began commercial operation in May 2024, bringing additional crude oil produced in the landlocked province of Alberta to Canadaâs west coast, where it can be exported. Historically, most crude oil exports out of Alberta have made their way either to refiners in the U.S. Midwest via pipeline or to the U.S. Gulf Coast by rail shipments, where they are either consumed by refiners or loaded onto tankers for seaborne re-exports. TMX was added alongside the previous Trans Mountain pipeline to move larger volumes of crude oil to the coast of British Columbia to then be exported directly to Pacific Ocean buyers.
Since TMX came online in May, early data indicate that refiners on the U.S. West Coast have been key buyers of the new export volumes. Between June and September, the U.S. West Coast accounted for just over half of all maritime crude oil exports out of Western Canada, with the rest going to destinations in Asia, according to data from Vortexa Analytics. The U.S. West Coast imported 498,000 b/d of crude oil in July 2024, according to our PSM, a record high for the region and an increase of 115% compared with July 2023.
Previously, Alberta crude was sold at a discount, primarily due to the constraints within shipping the product by pipeline - and higher costs to ship it by rail. When Biden nuked KXL on day one of his term, he not only killed US & AB jobs, he further enabled that constraint in shipping to the Gulf coast refineries that can use our particular feed stock. That constraint doesn't look solvable in the near term, unless a Trump presidency activates the completion of KXL. So you're stuck with Venezuelan crude topping up what Alberta can't supply to those refineries until that reality changes.
Of course shale gas has totally upended the industry as well. Here's an excellent overview documentary on the topic. Ignore the mention of Trump, as that only happens in literally the very last sentence of the script.
Youtube - 2017: Shale cowboys: fracking under Trump
"The United States (U.S.) remains the primary destination for Canadian crude oil, receiving approximately 97% of Canadaâs crude oil exports in 2023."
The killing of the completion of Keystone restarted the Trans Mountain Expansion effectively tripling the capacity to the West Coast from 300K bpd to 890K bpd which is about 25% of all Canadian production. The bulk of what reaches the Gulf finishes its journey by either rail or truck, much more dangerous and inefficient than a state of the art new pipeline. Also a waste of finite trucking and rail capacities needed for other purposes, such as moving containers from coastal ports to the interior.
Sure let's have another New Palestine, Ohio. That was only 50 miles from me as the crow flies. Prolly the next one will be in Oklahoma.
Mr Global. A self appointed, self anointed social media influencer. Ok. If you say so. All's I saw was his opinion. How about some facts, eh ? Remember when Obama said it would take at least 8 years to turn around our energy industry ? Trump got it turned around in a year and we ended up 100% energy independentfor the first time in our history before his first term was over. He did it once, he can certainly do it again.
You're really reaching on this one. Of course there are certain types of crude that require special refining processes, such as the heavy crudes coming from both Venezuela and Brazil. We built refineries specifically for these types of crudes, the same as would have been coming down the Keystone Pipeline from an ally, Canada, not our enemies. Now the bulk of Canada's tar oil goes to the West Coast via a new pipeline built when Keystone was killed and off the continent to China.
That is one reason we had Venezuela in a bind, until Biden rolled over and killed the Keystone making us need Venezuela's crude to keep our refineries going.
You are aware that we went into Libya at France's request because their refineries were dependent on Libya's special light sweet crude ? If it wasn't for that, there would have been no urgency to go into Libya at all, and the area would not necessarily be destabilized as it is now. We certainly had no interest in Libya's oil. It was all the EU and specifically France.
You need to read up and learn more about crude oil, the types and the processes and who has what processes available to refine which crude.
The fact that we became a net exporter means absolutely nothing to you and your friends. Instead you redefine reality to suit the needs of your arguments, which is how the left in general works to keep their narrative alive. Energy independence means that we are on equal footing with the rest of the world and had real leverage for the first time in managing our needs without having to rely on our enemies for crude. If the Keystone were finished we would not need the enemy's crude, they would need us more than ever to refine their crude which no one else in the West has any major capabilities to do it. Also we could always reconfigure our present refineries if needed.
You need to understand the real scope of how oil works and does not. I knew everything above without having to look it up. Go ahead and debunk me. It should be easy.
"In 2015, President Obama, as part of a budget omnibus bill, repealed a statutory crude oil export ban that was in place since 1975. According to the Government Accountability Office, this repeal resulted in a rise of crude oil exports from half a million barrels per day in 2015 to more than 3 million barrels per day in 2020.
The one thing that triggered this whole round of inflation was Biden on day one killing the pipeline and reversing all the rest of Trump's energy policies. Gasoline was thrown on the fire with "The Inflation Reduction Act". The immediate jump in energy costs is what started this "transitory" inflation.
Trump simply restarting "Drill, Baby, Drill" will drastically reduce inflation. And quickly. Are Trump supporters the only ones who understand that energy costs is the largest driver of determining the immediate cost of a single product or service ? Cheap reliable energy is what built this country and gave us an economic advantage over everyone else.
Trump always has been entirely blamed for the Covid pandemic. There are endless comments to be found here in threads confirming this. Not to mention everywhere else in the MSM media.
Wrong again. Try Mr. Global - an expert in energy and an oil and gas producer. Here's just one instance of him debunking the MAGA energy BS. There's plenty more, especially regarding Nordstream and Keystone. https://x.com/Matthewcanwrite/...
Mr Global. A self appointed, self anointed social media influencer.
Ok. If you say so. All's I saw was his opinion. How about some facts, eh ?
Remember when Obama said it would take at least 8 years to turn around our energy industry ?
Trump got it turned around in a year and we ended up 100% energy independentfor the first time in our history before his first term was over.
Try Mr. Global - an expert in energy and an oil and gas producer. Here's just one instance of him debunking the MAGA energy BS. There's plenty more, especially regarding Nordstream and Keystone.
Oil production and refining are constrained by infrastructure. Current US production is 13.12 million barrels per day, which is higher than ever. Any suggestion that Trump is going to increase production and bring down the price of a global commodity is somewhere between fantasy and stupidity, the primary sources for nearly all Trump policy.
The one thing that triggered this whole round of inflation was Biden on day one killing the pipeline and reversing all the rest of Trump's energy policies. Gasoline was thrown on the fire with "The Inflation Reduction Act". The immediate jump in energy costs is what started this "transitory" inflation.
Trump simply restarting "Drill, Baby, Drill" will drastically reduce inflation. And quickly. Are Trump supporters the only ones who understand that energy costs is the largest driver of determining the immediate cost of a single product or service ? Cheap reliable energy is what built this country and gave us an economic advantage over everyone else.
Trump always has been entirely blamed for the Covid pandemic. There are endless comments to be found here in threads confirming this. Not to mention everywhere else in the MSM media.
Wrong again.
Try Mr. Global - an expert in energy and an oil and gas producer. Here's just one instance of him debunking the MAGA energy BS. There's plenty more, especially regarding Nordstream and Keystone.
Location: Perched on the precipice of the cauldron of truth
Posted:
Nov 4, 2024 - 4:22pm
kurtster wrote:
The one thing that triggered this whole round of inflation was Biden on day one killing the pipeline and reversing all the rest of Trump's energy policies. Gasoline was thrown on the fire with "The Inflation Reduction Act". The immediate jump in energy costs is what started this "transitory" inflation.
Trump simply restarting "Drill, Baby, Drill" will drastically reduce inflation. And quickly. Are Trump supporters the only ones who understand that energy costs is the largest driver of determining the immediate cost of a single product or service ? Cheap reliable energy is what built this country and gave us an economic advantage over everyone else.
Trump always has been entirely blamed for the Covid pandemic. There are endless comments to be found here in threads confirming this. Not to mention everywhere else in the MSM media.
The inflation was global.
Inflation has been reduced. If it was due to Bidenâs energy policies, why has it reduced?
. . . Nothing Trump has suggested would lower prices, yet the "things were so great during the Trump years" BS has a life of its own.
It amounts to those supporting Trump insisting that those opposing him disprove a negative: This kind of inflation would not have happened on Trump’s watch! Of course, using this reasoning, Trump is fully to blame for the Covid pandemic.
The one thing that triggered this whole round of inflation was Biden on day one killing the pipeline and reversing all the rest of Trump's energy policies. Gasoline was thrown on the fire with "The Inflation Reduction Act". The immediate jump in energy costs is what started this "transitory" inflation.
Trump simply restarting "Drill, Baby, Drill" will drastically reduce inflation. And quickly. Are Trump supporters the only ones who understand that energy costs is the largest driver of determining the immediate cost of a single product or service ? Cheap reliable energy is what built this country and gave us an economic advantage over everyone else.
Trump always has been entirely blamed for the Covid pandemic. There are endless comments to be found here in threads confirming this. Not to mention everywhere else in the MSM media.
Location: Perched on the precipice of the cauldron of truth
Posted:
Nov 4, 2024 - 2:21pm
rgio wrote:
. . .
Nothing Trump has suggested would lower prices, yet the "things were so great during the Trump years" BS has a life of its own.
It amounts to those supporting Trump insisting that those opposing him disprove a negative: This kind of inflation would not have happened on Trumpâs watch! Russia would not have invaded Ukraine if Trump were President! We would not be on the verge of WWIII in the Middle East if Trump were in the White House!
Of course, using this reasoning, Trump is fully to blame for the Covid pandemic.