Monday, August 26, 2013

Monday Morning Links, News, And Views -- Part I

Active rigs: 184 (up slightly)

RBN Energy: Five large-scale rail terminals planned or being constructed in Western Canada will be able to ship up to 550 Mb/d of crude by 2015. Most of that crude will be headed to the Gulf Coast. If crude by rail shipments from Canada are going to compete with pipeline alternatives then the ability to ship bitumen crude raw without diluent will be an important advantage. Yet only about 170 Mb/d of rail terminal capacity is currently built or being developed on the Gulf Coast that can offload raw bitumen using special heating equipment. Today we complete a survey of CN railroad unloading facilities at the Gulf Coast. [Comment: for perspective, the Keystone XL killed by President O'Bama would have carried about 850 million bbls of crude oil/day to the Gulf Coast.]

Update on Crosby, North Dakota: The Dickinson Press is reporting that Crosby continues to grow significantly; Bakken oil patch surprisingly busy in Divide County. 

The Dickinson Press is reporting that Tesla is asking about rules/regulations for a charging station in Mitchell, South Dakota. My initial thoughts:
It looks like Tesla is worried that someone driving from Rapid City to Sioux Falls, won't quite make it on that charge in Rapid City and will need a 20-minute charge in Mitchell to get them the rest of the way to Sioux Falls.
Particularly tough winter? Good news for natural gas futures. CBS News is reporting 
The Farmers' Almanac is using words like "piercing cold," "bitterly cold" and "biting cold" to describe the upcoming winter. And if its predictions are right, the first outdoor Super Bowl in years will be a messy "Storm Bowl."

The 197-year-old publication that hits newsstands Monday predicts a winter storm will hit the Northeast around the time the Super Bowl is played at MetLife Stadium in the Meadowlands in New Jersey. It also predicts a colder-than-normal winter for two-thirds of the country and heavy snowfall in the Midwest, Great Lakes and New England.

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