Thursday, November 10, 2011

In Trace of TF: A Montana Hunter's Journey by Dan Aadland -- A Bit of Nature in the Bakken

Update

See comment below: for book lovers, a great site to find books.

Original Post

In 2002 I started an aggressive reading program. I had not "read" since my days in college. But for very private reasons I started reading with a vengeance in 2002.

I generally buy only used books, seldom paying full price. I now have a very nice library. The subject matter is not particularly important as long as it is "good" writing.  My attention span is such that it's difficult for me to read just one book at time; generally I have about four going, reading a few pages of each now and than, and eventually getting through them. I am not so worried about finishing a book; I simply enjoy reading "good" writing.

The four books on my bed or desk or couch right now are a) The Great Sea, by David Abulafia; b) Plains Folk: North Dakota's Ethnic History, by William Sherman; c) The Lakotas and the Black Hills, by Jeffrey Ostler; and, d) In Trace of TR: A Montana Hunter's Journey, by Dan Aadland.

In San Antonio my favorite bookstore is Half-Price Bookstore, a discount book store of used books. But in Williston, my favorite bookstore, and one of my favorite stores overall is Books on Broadway. And, yes, all four books above I bought at Books on Broadway. I have two copies of Plains Folks; my first copy is at home in San Antonio, but I enjoy it so much, I bought another copy so I could read it while visiting the Bakken.

I have just started reading Dan Aadland's book. Wow, it is awesome. Again, it is simply great writing; even if one does not get excited about the title or the subject matter, the writing is so good, one will enjoy reading it just for the sake of reading.

I'm not sure I would have enjoyed it three months ago, but now after being back in the Bakken for about that length of time, the book really hits home.

The author raises horses in south-central Montana. This is his third book (at least according to the jacket). Like Theodore Roosevelt, Aadland is a hunter on horseback and he is at home in Roosevelt's  North Dakota world. It is so much fun reading the words that are used out here to describe nature. I think my favorite phrase so far (I have not gotten very far in the book) is "mudded out." A driver and his pickup truck are "mudded out" during or shortly after a bit of rain that turns the clay to gumbo, and it's impossible for the truck to move. It does not bother him; in fact, he prepared for it, and he and his wife simply camp out in the nosecone of their gooseneck trailer (in which they are hauling horses) until the roads dry out.

I think out-of-state truckers, after about six months in the Bakken, would find this book very pleasing.

Harold Hamm on Bloomberg -- The Bakken, North Dakota, USA

Bloomberg television: Harold Hamm on the Bakken
  • Reiterates 24 billion bbls technically recoverable bbls of oil equivalent
  • Despite possibility of additional Three Forks payzone, reluctant to go beyond 24 billion bbls
  • Estimates 48,000 wells needed to drill out the Bakken
A big "thank you" to Gregg for alerting me to the video.

    MDU To Lay New Pipeline To Feed Previously-Announced New NG Plant Near Mandan, North Dakota

    Link here.
    Montana-Dakota Utilities Co. intends to build a 24-mile natural gas pipeline to fuel a proposed 88-megawatt natural gas-fired power plant near the company’s Heskett Generating Station.

    MDU announced in July plans to build an $85.6 million natural gas-fired power plant next to its coal-fired plant to meet capacity requirements following the failure of the planned Big Stone II coal plant in South Dakota in 2009. If approved, the new plant could be in use by the beginning of 2015.
    Data points:
    • $18.4 million
    • Pipeline construction to begin mid 2013; complete by end of same year


    Week 45: November 5 -- November 11, 2011

    Quickpits

    Burke Lodge -- 110-unit man-camp opens, Williston, ND

    Three notable wells reported in past ten days: Charlotte, Tarpon, and Hagen

    Whiting to build operations center in Watford City; Power Fuels doing same

    Missouri Basin Well Service to build headquarters in Watford City

    Alaska's Cruz Company to come to Williston

    Petro-Hunt with cluster of six wells in Four Bears

    Bakken boom spurring building boom in Bismarck

    Browser and the Website -- milliondollarway

    Elsewhere someone has mentioned that they are having trouble viewing "milliondollarway.blogspot.com."

    That's the second time someone has brought this issue to my attention.

    This blog uses the "blogger" application which is now supported by "Chrome" (Google).

    I don't yet have "Chrome" but have no trouble with the website on Firefox, Windows 7 Internet Explorer, or Safari. I haven't checked Safari in about three months, so don't know for sure about Safari right now. This site is optimized for Firefox; it is a breeze to edit and post. It is very challenging to edit and post using Windows 7 Internet Explorer, but I am not aware of any problems viewing it on that browser.

    I never have problems viewing my site whenever I visit an Apple store. I used to have problems using an old Windows Internet Explorer browser when passing through the Harvard Business School. I have no problems with Windows 7 Internet Explorer for viewing, as noted above.

    My page views are running about 4,000/day, I think, and I have had two comments about difficulties with the site: one comment came directly to my e-mail; the second comment arrived at the best site in the world for Bakken mineral owners, the Bakken Shale Discussion Group (same link as above). The best part about their site is that they minimize all political comment, something I have great difficulty doing.

    I don't own any mineral rights whereas most of the folks who post on the BSDG do own minerals. In addition, they are all very, very helpful. I generally direct folks who ask me specific questions about mineral rights to also visit the BSDG. 

    Without question, though, the best experience for surfing the net is on the large Apple monitors/Apple computers. The blogs -- not just mine, but all of them are crystal clear. And someday when I win the lottery I will a) buy a car; and b) buy a bigger Apple computer. 

    Quickpits -- The Bakken, North Dakota, USA

    Website link here. Photo here.

    From the Bismarck Tribune:
    Inventor Allen Stein of Colorado, a native of Bowman, has created a new above-ground water storage system for the oil and gas industry.

    As an employee of Energy Services LLC, Stein, a 1982 graduate of Bowman High School, developed a 30-inch-high steel frame structure to hold up the edges of plastic liners to contain spills, such as from tanks holding hydraulic fracturing fluid.
    From that came the Quick-Pit, a system using metal A-frames 10 feet high to create the outer wall of above-ground, plastic-lined pits which can hold from 30,000 to almost a million barrels of hydraulic fracturing and well-flowback fluids.
    Similar article here.

    Major Oil Terminal Projects Being Announced Along Texas Gulf Coast -- The Bakken, North Dakota, USA

    Link here.

    Driven by talks of exports; companies announcing projects:
    • Kinder Morgan Energy Partners
    • Oiltanking Partners
    • GT Logistics LLC
    GTL
    • To open OmniPort in January, 2012, Port Arthur, TX
    • 300 acres of on-site rail car storage
    • $95 million project
    Bostco Terminal
    • KMEP will participate in Battleground Oil Specialty Terminal Co LLC (Bostco)
    • Houston Ship Channel
    • Initial phase: 52 storage tanks; combined capacity of 6.6 million bbls
    • Will be able to handle ships with drafts up to 45 feet
    • To enter service by 3Q13
    • $400 million project
    Oiltanking
    • Two oil pipelines and 1 million bbls of oil storage in Houston Ship Channel
    • Cited expected US shale and Canadian oil sands crude oil coming to the Gulf Coast
    • To be completed by 1Q13
    • $85 million project
    • Brings capacity of all products up to almost 20 million bbls

    For Those Interested in Mineral Rights

    I seldom update my "Mineral Rights" tabbed at the top of the blog, but there are a couple of new items there.

    First, a reminder of the on-line auction for mineral acres in Dunn County coming up in a few weeks, and second, I just added a link to a new website targeting those who own minerals. Another "thank you" to Don for sending me this link. I can't remember, he may have sent both to me.

    Yup, It's Dead -- The Keystone XL 1.0 -- Now, Keystone XL 2.0 Is Dead -- Looking Forward to Keystone XL 3.0 -- The Bakken, North Dakota, USA


    Keystone XL 2.0N: US State Dept gives "green light"
    Keystone XL 2.0N: second iteration approved by Nebraska regulator during Trump's first year
    Keystone XL 1.0: first iteration; killed by Obama's State Department
    Keystone XL 2.0: 2nd iteration; thought experiment; no application
    Keystone XL 2.0S: TransCanada's southern leg, Cushing to the Gulf (completed, late 2013)
    Keystone XL 2.0N: TransCanada's cross border pipeline, through Nebraska on hold; State Department's SEIS says no environmental impact (February 1, 2014)
    US State Dept wants "do-over" on Enbridge Alberta Clipper (February, 2014) 
    Keystone XL officially killed (November 6, 2015)
    Federal regulators approval 3-mile stretch of Enbridge Alberta Clipper (October 17, 2017)
    Nebraska regulators approve "concept" of Keystone XL (November 20, 2017) 

    Updates

    August 24, 2019: Nebraska Supreme Court upholds state's PSC -- okay to go forward with the Keystone XL using the "alternate route, the Seward jog."

    March 27, 2019: commentary; update; global refiners have invested $1 billion since 2015 to optimize refineries for light oil; 

    September 21, 2018: US State Department says Keystone XL will not harm the environment. That's what Hillary said until she flipped.

    May 4, 2018: update; construction could begin as early as next year (2019); 

    December 12, 2017: TransCanada files to re-route the Keystone XL through the route approved by Nebraska regulators. Calling their bluff.

    November 20, 2017: Nebraska regulators approve 3 - 2 the "concept" that TransCanada can build the Keystone XL pipeline through their state .. but not where the company had planned. Back to square one.


    November 6, 2015: Keystone officially killed

    September 30, 2015: hope springs eternal; TransCanada continues to pursue this pipeline, now described as an $8-billion-pipeline.

    August 30, 2014: not enough pipeline to handle US glut of oil
    The North Dakota Industrial Commission oil production in June, the last full month for which data are available, was 1.09 million barrels per day, a record for the state and a 4.8 percent increase from the previous month.the amount of crude oil and refined petroleum products moved by rail, the primary alternative to pipelines, increased 9 percent during the first seven months of the year.
    The environmentalists shot themselves in the foot with regard to the Keystone, unless they like to move oil by rail.

    February 17, 2014: a "sure thing," the Alberta Clipper (Enbridge pipeline from Hardisty, Alberta, to Wisconson; 800,000 bopd; green-lighted in 2009; now US State Dept wants a "do-over"; will delay (if not permanently halt) this pipeline.

    February 13, 2014: See nice essay, dated February 7, 2014, at the very bottom of this page.

    February 1, 2014: all the arguments are resolved, off the table, but one -- whether the Keystone XL 2.0 North will actually increase global CO2. The US State Department: nope. Now, we wait for John Kerry and then President Obama to announce a decision. I'm not holding my breath. [I posted that earlier today; a few hours later Don sent me the Billings Gazette link with the same story: President Obama running out of "excuses" to deny the Keystone XL 2.0 North.

    December 31, 2013: Keystone XL 2.0 South (Cushing to the Gulf Coast) should start flowing January 22, 2014. Construction began in August, 2012.

    December 21, 2013: billionaire Tom Steyer is the reason the Keystone XL was stopped and the reason it won't be approved by President Obama. 

    October 17, 2013: the southern leg of the Keystone XL, from Cushing, OK, to the Gulf Coast should come on-line in November, 2013. Cushing has storage capacity for 35 million bbls; the Keystone will draw 5 million bbls on initial fill, and will draw 5 million bbls each week after that.

    June 12, 2013: earliest date it could be completed, if approved in 2013, is now 2016 -- RBN Energy.

    April 26, 2013: TransCanada pushes in-service date for Keystone XL back to end of 2015.

    March 4, 2013: despite draft report from State Department and a flurry of press releases and news stories, the bottom line is that the State Department says at least another 45 days will be needed to make a recommendation. [Technically, this is Keystone XL 3.0  -- the State Department rejected Keystone XL 1.0 on November 10, 2011, requiring a new route through Nebraska; then on February 18, 2012, apparently promising to come up with a new route -- although the story becomes unclear -- the President clearly stated he denied the permit -- see below for the link. -- which I referred to as Keystone XL 2.0. But since most Americans think that was still the "same" permit, I will go back to calling the current permit under discussion, "Keystone XL 2.0." 

    February 3, 2013: US State Department says at least six more months before a decision is made. Canadians are seething.

    January 29, 2013: Warren Buffett will build first-ever multi-grade crude oil rail loading terminal in the Rockies; his answer to the killing of the Keystone.

    January 22, 2013: DOA. If I were a betting man, I would bet that the Keystone XL is not disapproved before March 31, 2013.

    January 22, 2013: CNBC is reporting that the Nebraska governor approved the "new" improved, environmentally safe, Keystone XL. The governor might not have used all those words to describe the pipeline route. Nebraskans might be getting tired of all those unit trains running through Omaha every day. 

    January 4, 2013: 2,000-page report of the proposed "new" route through Nebraska is "in the mail," sent to the governor. He has 30 days to review the proposed plan.

    January 1, 2013: Three individuals have brought a lawsuit to stop the Keystone XL pipeline through Nebraska. The state sought to have the lawsuit dismissed. The state failed. A court says the lawsuit can proceed.
    In the lawsuit, the three — Randy Thompson, of Martell; Susan Dunavan, of McCool Junction; and Susan Luebbe, of Stuart —say the law that established the review process is unconstitutional because it doesn't allow for judicial review and doesn't spell out what criteria should be considered when a pipeline project is being evaluated.
    December 15, 2012: pipeline to nowhere? Montana to sell easements. Nice graphic. The pipeline does not go through North Dakota.

    December 11, 2012: a section of Keystone XL 2.0 South is halted while a judge sorts out the definitional difference between "crude oil" and "heavy sands oil." Good luck. [Update: quickly dismissed: the judge lifted his own injunction almost immediately; "crude oil/heavy sands oil" not an issue.]

    November 15, 2012: Keystone XL may be first test of Obama's second term -- Oil and Gas Journal. Any bets?

    September 5, 2012: TransCanada submits new plan for the 275-mile link through Nebraska to avoid the Sandhills.

    September 2, 2012: ONEOK continues work on their Bakken NGL pipeline from Sidney, MT (the Bakken), south through Wyoming into Weld County, Colorado, to connect with the Overland Pass Pipe. But this is the big news: ONEOK suggests they will lay a crude oil pipeline alongside. With Enbridge pipelines going east, and ONEOK pipelines going west and south, along with rail takeaway om the Bakken, it makes the Keystone XL less important for the Bakken.

    September 1, 2012: CNOOC has already bought a piece of the Athabasca (Canadian oil sands); now there are rumors that Kuwait is buying a piece.

    August 22, 2012: I guess it's a fait accompli -- the Keystone XL has now been re-routed 90 degrees to take oil from the oil sands to the west coast of Canada; actually I think TransCanada will still try to "git 'r done." From Motley Fool:
    The decision by the U.S. Department of State to deny permits for building the Keystone XL pipeline resulted in a shift in the plan to build a pipeline from the Alberta tar sands to British Columbia instead of transporting the extracted oil to refineries on the U.S. Gulf Coast.
    August 22, 2012: it would probably be too much to ask, but it would be nice if the mainstream media would post the daily volume of the Keystone XL (had it been approved) and the daily volume of the Strategic Petroleum Reserve if it is tapped this autumn.

    July 26, 2012: President Obama kills the Keystone --> China steps in to buy Canadian oil assets. Check.  WSJ.

    July 2, 2012: Washington Post news story is an op-ed to kill the Keystone XL

    March 29, 2012: another superficial Motley Fool article on the Keystone XL but provides a few nuggets for further research.

    March 28, 2012: Native Americans lying all over will stop Obama's push to fast-track the Keystone XL 2.0S.

    March 21, 2012: TransCanada has not yet submitted an application for Keystone XL 2.0S.

    March 20, 2012: Obama to fast-track Keystone XL 2.0S. The part that doesn't connect to Canada. The part that doesn't require federal permits. The part that will require approval by Fish and Wildlife; EPA; and, the US Army Corps of Engineers.

    March 6, 2012: Keystone 0.5XL South Leg update.

    February 29, 2012: The president (not THAT president, the former president Clinton) says it's time for the Keystone XL to be built.
    ... the former president said he was surprised the project has gotten as gummed up as it has, laying the blame on pipeline builder TransCanada.
    "One of the most amazing things to me about this Keystone pipeline deal is that they ever filed that route in the first place since they could've gone around the Nebraska Sandhills and avoided most of the dangers, no matter how imagined, to the Ogallala [aquifer] with a different route, which I presume we'll get now, because the extra cost of running is infinitesimal compared to the revenue that will be generated over a long period of time," he said.
    President Clinton misread the activists: this was not about the aquifer; the aquifer is a McGuffin. But the activists blew their wad. No "new" McGuffin but Texas ranchers will give TransCanada fits.

    Note: President Clinton (or someone at the conference) in the linked story mentions the Bakken.

    February 24, 2012The president praises TransCanada's decision to build Keystone Lite, the southern leg of the Keystone XL that was killed by the same administration. The Keystone Lite will run from Cushing, OK, to the Gulf and cost $2.3 billion.

    February 22, 2012: two nice stories on the Keystone XL in Market Watch.

    February 21, 2012: 75% of material to be made in US, including 50% of the pipe to be made in Arkansas. 

    February 20, 2012: Keystone XL would increase global warming by 0.05 degree. Scientists did not say how much warming would occur if Keystone XL pipeline released by trains and trucks. 

    February 14, 2012: TransCanada now says it will be another year for the project; pushed back to 2015. 

    February 13, 2012: short editorial in PennEnergy suggesting that Obama's killing of the Keystone XL will have long-term implications, particularly if Canada turns toward China; mentions North Dakota infrastructure.

    January 25, 2012: old, old news; some of the earliest posts on this subject were at this site; but for those who don't think Obama is in a win-win on the Keystone XL; the Obama-Buffett-KeystoneXL-BNSF dots

    January 23, 2012: TransCanada mulls Bakken opportunities

    January 19, 2012: Keystone XL 2.1 being considered.

    January 18, 2012: Obama rejects Keystone 2.0. [Again, some Obama supporters cannot grasp this: the president denied the permit for Keystone 2.0 on January 18, 2012. One can argue how the permit got to his desk or whether it even got to his desk, but the president himself said he denied the permit. It is one of the few "blunders" in his administration that he took personal responsibility.]

    January 11, 2012: political theater. Senate Republicans looking at approving pipeline without Obama's approval. Initiative won't go anywhere.

    January 5, 2012: PetroChina snaps up rest of heavy sands prospect; one step closer to no need for Keystone XL.

    January 2, 2012: Wow, I am impressed. Despite my negativity and continuing to "beat a dead horse," a reader sent in several links to track the Keystone XL 2.0 project. See comments below. Because one cannot click directly on links in the comment section, I will post them here:
    A huge thank you to "anonymous" for such a long comment with lots of info. Thank you.

    January 2, 2012: Just for clarity. Some folks write to tell me that Keystone XL is not dead. In fact, it is dead. All parties (including TransCanada) have agreed that a) a new route is needed; and, b) an accompanying Bakken pipeline for American oil should be added. Two pipelines (not just one) and a new route is a new project. Period. Dot. Keystone XL 1.0 is dead. We're now working on Keystone XL 2.0. Oh, by the way, if faux-environmentalists were concerned with one pipeline, I can only imagine what they feel about two new giant pipelines on the same continent as the Ogallala aquifer.

    January 2, 2012: as predictable as the weather, and the mainstream media feeds into it. The Keystone XL will be the big money-raiser for this year's election. Trust me.
    President Barack Obama and Congress are starting the new year locked in a politically charged dispute over a proposed 1,700-mile oil pipeline from Canada to Texas. Republicans and some unions say the Keystone XL pipeline will create thousands of jobs. Environmentalists fear it could lead to an oil spill disaster. The pre-Christmas agreement between Obama and Congress temporarily extending the payroll tax cut included language compelling Obama to make a speedy decision on whether to build the pipeline. The administration says it would rather say "no" than rush a decision in an election year.
    The outcome is predictable. Obama will say "no" to the current route (which TransCanada has already scuttled) and say "yes" to a new proposal (which TransCanada has already agreed to). This can will be kicked down the road and any "real" decision will not come until after the election. Oil won't flow, but political dollars will. This is not rocket science.

    January 2, 2012: for time-date stamp purposes only -- 12:57 p.m. CST,  -- will the Keystone XL be a 21st century synonym for "Pyrrhic victory"?  It will be interesting to see which mainstream energy pundit uses this analogy first.

    December 31, 2011: comments below are focused on the routing of the Keystone. I noticed I had not linked this routing proposal that I posted on December 21.  Now that TransCanada (and others, see comments) are now suggesting that a parallel pipeline to the Keystone XL could carry Bakken sweet light oil, it really begs the question: how did TransCanada misread this to begin with? Sure, we now have 20/20 hindsight, but ... I don't want to rehash all this. Bottom line: in hindsight, TransCanada could have worked the project in tandem: put in a Bakken line from North Dakota to Cushing to Louisiana requiring no State Department involvement, while at the same time, working on the permit to put a pipeline across the international border.

    December 22, 2011: CNBC's take on the issue -- "what's all the fuss about?"

    December 17, 2011: Congress ties a 60-day decision regarding the Keystone XL to a 2-month extension of the "workers' tax holiday."  No link; the issue no longer interests me in a serious way; I post updates for archival purposes only. This is a political issue, and once in the political arena, I lose interest. With a country $16 trillion in debt; 10%+ unemployment; and, this is the issue of the day: a pipeline in Nebraska. Give me a break.  If EPA bans fracking in the Bakken, I will lose interest in the Bakken.

    December 16, 2011: Easterners think the Keystone XL's proposed route is through the Keystone State, Pennsylvania. 

    December 14, 2011: Kudlow interviews union heads who support the Keystone. $9 billion project paid for by TransCanada; $4.5 billion goes to American workers.

    November 21, 2011: MinnPost agrees -- it's time the President starts making decisions. He continues to vote "present."

    November 17, 2011: Wall Street Journal op-ed:"Obama Abandons (Private) Labor"
    The decision by the Obama administration to "delay" building the Keystone XL pipeline is a watershed moment in American politics. The implication of a policy choice rarely gets more stark than this. Put simply: Why should any blue-collar worker who isn't hooked for life to a public budget vote for Barack Obama next year? The Keystone XL pipeline would have created at least 20,000 direct and indirect jobs. Much of this would have been well-paid work for craftsmen, not jobs as hod carriers to repave the Interstate. On a recent trip to Omaha, Neb., Mr. Obama signaled where his head was on the pipeline during a TV interview: "Folks in Nebraska, like folks all across the country, aren't going to say to themselves, 'We're going to take a few thousand jobs if it means our kids are potentially drinking water that would damage their health." Imagine if he'd been leading a wagon train of workers and farmers across the Western frontier in 1850. Within days of the Keystone decision, Canada's prime minister, Stephen Harper, said his country would divert sales of the Keystone-intended oil to Asia. Translation: Those lost American blue-collar pipeline jobs are disappearing into the Asian sun. Incidentally, Mr. Harper has said he wants to turn Canada into an energy "superpower," exploiting its oil, gas and hydroelectric resources. Meanwhile, the American president shores up his environmental base in Hollywood and on campus. Perhaps our blue-collar work force should consider emigrating to Canada.
    November 17, 2011: Calgary Herald -- this was never about the aquifer.  November 17, 2011: It was never about the aquifer.
    Debate over the pipeline has drawn international attention focused largely on Nebraska, because the pipeline was expected to cross the Sandhills — an expanse of grass-strewn, loose-soil hills — and part of the aquifer, which supplies water to Nebraska and parts of seven other states. But national environmental groups have said they will actively fight the project along any route, because of potential environmental threats. Company officials had claimed that moving the route was impossible because of a U.S. State Department study which found the Sandhills route would leave the smallest environmental footprint.
    But last week the federal government delayed a decision on a federal permit for the project until it studies new potential routes that avoid the Sandhills area and the aquifer. The proposed pipeline would carry crude oil from Canada to Texas Gulf Coast refineries.
    The aquifer was a MacGuffin. The Keystone XL will not go through Nebraska. The Keystone XL is dead.

    November 12, 2011: only a few are willing to say that the Keystone XL is dead. Here's another pre-death obituary.  November 11, 2011: it is very, very clear that Obama is NOT serious about jobs. Period. Dot. A leader concerned about jobs would have taken the bull by the horns, gone to Nebraska, twisted some arms, taken some union reps with him and gotten the job done. Another example of Obama being pushed around; he is not leading.

    Original Post
    Link here [That link, to The Bismarck Tribune, is broken, or gone. This link to NPR, same date, carries the same story.]

    The State Department has ordered the developer of a pipeline that would carry oil from western Canada to Texas to reroute it from environmentally sensitive areas of Nebraska, possibly delaying a final U.S. decision until after the 2012 election. The decision, described to The Associated Press by two senior State Department officials familiar with the project, will require an environmental review of the new section. That review probably would take at least a year.
    Calgary-based TransCanada Corp. is seeking to build the $7 billion pipeline to carry oil derived from tar sands in Alberta, Canada, to refineries on the Texas Gulf Coast. Part of the 1,700-mile pipeline would pass through Nebraska's Sandhills region and the massive Ogallala aquifer, which supplies water to eight states.
    Winners and losers: the Bakken is the big winner. By the way, if you want to see a graphic example of hypocrisy, look at the map of pipelines in the US and note two major pipelines running the length of Nebraska. This hypocrisy ranks right up there with environmentalists getting a license to kill whooping cranes with impunity.

    License to Kill, Gladys Knight
     
    But at least with wind turbines, one is only killing endangered birds; with decisions that kill jobs, one is killing the spirits of men and their families. For an administration that talks about jobs all the time, it's hard to reconcile this decision with the tens-of-thousands of blue collar, union workers that would be putting this pipeline in the ground. And the union workers that would be forging the pipes in the first place. As noted often, I don't have a dog in this fight. I am not an investor in TransCanada. I accumulate shares in the Enbridge family of companies. I just feel bad for all those folks looking for work. And when oil goes over $100/bbl, I don't wanna hear any whining from the administration or other faux-liberals.

    *******************************
    From the New York Times debate on this subject, February 7, 2014

    Ted Nordhaus and Michael Shellenberger are chairman and president, respectively, of the Breakthrough Institute, a think tank that works at the intersection of environmental protection, energy policy and global development.
     
    The environmental movement's decision to target Keystone must be understood in the context of the collapse of the environmental movement’s climate agenda, first internationally in Copenhagen and then domestically in Congress. Having failed to enact sweeping measures to cap or tax greenhouse gas emissions, the reasoning went, the time had come to confront the nation's fossil fuel infrastructure and industry directly.

    The effort, if nothing else, appears to have been immensely satisfying. No sooner had it become clear that two years of moralizing sermons and poor civil rights analogies would not stop Keystone then the movement's leaders tilted at yet another windmill — demanding that universities and philanthropies divest from fossil fuels. Like Keystone — which even under the best of circumstances would, by our calculations, have resulted in a global temperature difference of .0002 degrees Celsius — there is absolutely no reason to think that convincing investors to sell their interest in Exxon will have any significant impact on either the physics or politics of climate change.

    Ultimately, we will turn away from fossil fuels and reduce emissions precisely to the degree to which we deploy real alternatives. Yet greens continue to oppose the technologies that have demonstrably worked to reduce emissions, namely nuclear energy, which allowed France and Sweden to decarbonize most of their electrical systems, and which remains the largest source of zero carbon energy globally, and natural gas, which has allowed the United States to reduce its emissions faster than any other nation in the world since 2007.

    In the end, protests won't solve what ails environmentalism. All over the world, the environmental agenda is in retreat. Carbon caps have had little impact on emissions. The Kyoto framework has long since been abandoned. Renewables mandates have proved costly as innovation policy and ineffectual as climate policy. In this sense, the turn toward Keystone and now divestment mark not the beginnings of a new climate movement but the death rattle of the old one. 

    If You Thought Solar Was Expensive Now, Wait Until They Put Tariffs on Chinese Solar Panels

    Link here.
    "If they succeed, prices for solar will go up, demand for solar energy in the United States will go down, and the U.S. solar market will be significantly undermined," said Kevin Lapidus, senior vice president of legal and government affairs for MEMC's solar project development unit, SunEdison, on a conference call on Tuesday.

    The impact of the case is already being felt. This week, China's largest solar power plant developer put on holds plans for a power project for California, New Jersey and Texas because of concerns that duties could make the plan too expensive.
    I followed solar costs at my previous website but quit when I re-designed this site. At that time solar was about six times more expensive than coal-generated electricity.  One site.

    2011 Building Permits -- Through September, 2011 -- The Bakken, North Dakota, USA

    Link here.

    Through September, for the calendar year 2011 (numbers rounded):
    • Williston: $220 million; population -- a gazillion (estimate based on truck traffic)
    • Minot: $130 million; population -- 40,000
    • Dickinson: $100 million; population --18,000
    • Fargo: $95 million; population -- 105,000

    For Investors Only -- SLB and HAL -- From SeekingAlpha.com -- The Bakken, North Dakota, USA

    Schlumberger
    Many analysts expect SLB to kill it in the next year; Morgan Stanley has a bullish-scenario target of $180 for Schlumberger, a total yield of 110%. Trefis projects SLB to rise to $107, Credit Suisse has them at $115. In addition many top investors hold SLB in their portfolio. Boone Pickens BP Capital has 3.62% of their portfolio invested in SLB, Jim Cramer currently holds it in his charitable trust, and Ken Fisher bought $700+ million worth of SLB in June.
    Halliburton
    With strong analyst coverage, upbeat projections, and the fact HAL’s trading at 12.8 times 2011 earnings, we project Halliburton’s shares to rise to $75 per share, a total yield of 81%.
    Disclaimer at the sidebar at the right. This is not an investment site. I have accumulated shares in SLB since the 1980s. I do not invest in, nor do I follow HAL, all that much.