Friday, September 19, 2014

Port Of Vancouver Presentation From The Williston Economic Summit -- September, 2014

From the Williston Economic Summit -- 2014, "Port of Vancouver."

Slide 6 -- an eye-opener. Note all the crude oil pipelines in the west (Washington state, Oregon, California, Idaho, Montana, Nevada, Colorado, Utah, Arizona, and New Mexico). After looking at that slide, then vote on the poll regarding CBR at the sidebar on the right.

Slide 8: cost to ship crude oil over next two years -- California, by rail, $13 to $15/bbl; Bakken rail to Cushing, $9/bbl; Alberta to east coast by rail, $9 to $12/bbl. By ship, Brent to the US, $0 to $9.

 Slide 9: Bakken crude by rail to San Francisco ($13/bbl); to Los Angeles ($14/bbl) -- remember, there are no pipelines to California

Slide 10: West Coast refineries increasingly dependent on foreign oil

Slide 11: by 2025 -- zero oil from Alaska North Slope -- an incredible slide

Slide 12: opposition in California to CBR is growing ... do you see where this presentation is headed ..? Remember, this is a "Port of Vancouver" presentation.

The most important data this presentation did not share: the likelihood that California in-state crude oil production could also decline significantly. It was touched on in slide 13, but easily overlooked. At best, there is no increase in California oil production from now to eternity.