API reports that US gasoline production broke record in March.
If this is the worst recession since the depression, I would hate to see a "good" economy. No one could keep up.
By the way, this article references the Bakken as part of the reason for this record being broken. Very interesting.
Two quotes from the article:
"US refineries produced more gasoline in March -- an average 9.3 million b/d -- than any previous month on record....Gasoline deliveries, which is how API measures demand, averaged 9.2 million b/d, more than any previous March."
"The Bakken formation has been a marvelous change. We've seen North Dakota climb to fourth in the nation in terms of production...US oil production was an average 5.5 million b/d for a second consecutive month in March...the improvement was confined to the Lower 48 states, where production climbed 1.7% to an average 4.8 million b/d from 4.7 million b/d a year earlier. Production in Alaska declined 3% to an average 688,000 b/d from March 2009"s average 709,000 b/d."
Saturday, April 17, 2010
Stories From Around the Oil Patch
News from around the oil patch:
1. Taxable sales continue to increase in oil counties fueled by the energy sector. Taxable sales increased 10 to 13% across various sectors across the state.
2. Dickinson company pursuing a 100-man camp. The Dickinson Press, like many newspapers-on-line, have open access the day the stories are published, but then require a subscription after the date has passed. I believe the Dickinson Press subscription is free; just sign up for a password. Others, such as the Wall Street Journal, release a small number of articles for free, but most require a subscription. If you can't get to these articles easily, don't spend too much time trying. If they have important news more than the headline, I will try to include that in the blurb. Also, Google searches will generally lead you to a "free" copy.
3. EPA to study fracturing in North Dakota. Don't worry. It will take at least two years for the study, and then lots of wrangling. But this site takes a lot of my time, and if the EPA shuts down the Bakken, then I shut down the site, and spend more time doing more useful things. Smile. I'm not concerned. As oil approaches $100/bbl, I doubt there will be much enthusiasm for shutting down domestic production, although under the current administration, nothing would surprise me.
1. Taxable sales continue to increase in oil counties fueled by the energy sector. Taxable sales increased 10 to 13% across various sectors across the state.
2. Dickinson company pursuing a 100-man camp. The Dickinson Press, like many newspapers-on-line, have open access the day the stories are published, but then require a subscription after the date has passed. I believe the Dickinson Press subscription is free; just sign up for a password. Others, such as the Wall Street Journal, release a small number of articles for free, but most require a subscription. If you can't get to these articles easily, don't spend too much time trying. If they have important news more than the headline, I will try to include that in the blurb. Also, Google searches will generally lead you to a "free" copy.
3. EPA to study fracturing in North Dakota. Don't worry. It will take at least two years for the study, and then lots of wrangling. But this site takes a lot of my time, and if the EPA shuts down the Bakken, then I shut down the site, and spend more time doing more useful things. Smile. I'm not concerned. As oil approaches $100/bbl, I doubt there will be much enthusiasm for shutting down domestic production, although under the current administration, nothing would surprise me.
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