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Monday, January 19, 2015

Amount Of Crude Oil Flowing Through Nebraska Triples -- FuelFix -- January 19, 2015

FuelFix is reporting:
The number of trains carrying at least a million gallons of crude oil across eastern Nebraska each week has more than tripled since the summer.

BNSF said it is moving about a dozen oil trains through eastern Nebraska each week. That’s up from three trains a week last summer.
Railroads went from hauling 9,500 carloads of crude oil in 2008, to 435,560 in 2013, as production boomed in places like North Dakota that didn’t have adequate pipeline capacity.
That number of shipments continued to grow last year, but final 2014 carload statistics aren’t yet available for crude oil.
With prices for gasoline this low, it's very possible demand will grow, necessitating increased shipments of crude oil.

Let's see: a dozen trains this past month, up from three trains last summer. That seems like a quadrupling, not a tripling. Three times four (3 x 4) =12. Quadrupling means four times as much. Hmmm.

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A Primer On The Politics Of Fracking 

http://www.fox.com/watch/350782531782/7684601088 

The first mention of fracking begins at 4:30 into the video, but I think one loses a bit of the story if one does not watch the video from the beginning.

Fracking: produces enough natural gas to make America independent of sheiks, caliphs, and Scandinavians.

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