These are the stories that I will be blogging about later during the day.
I have to complete the March, April, 2018, NDIC hearing dockets.
It's Iowa (6) vs Pennsylvania (20) when it comes to renewables.
Data suggests that Asia will reach peak oil in the next couple of years.
Gartman - Uber - fail. Can't wait to post that story.
The oil industry saved the right whale ... but ...
Jeff Immelt laughing all the way to the bank. Cramer and Buffett not laughing.
This story was beyond the pale, even for The Los Angeles Times.
The Fed and stock market volatility.
More on Warren Buffett.
But before we get to all that ...
Back to the Bakken
RBN Energy: an update on Corpus Christi Bay's crude oil export infrastructure.
Corpus Christi, TX, is quickly becoming a strategic hub for U.S. crude oil exports. Since the repeal of the crude oil export ban in December 2015, crude exports from the Sparkling City by the Sea have increased to nearly 500 Mb/d — and that may be just the beginning. Numerous pipeline and terminal projects have been announced to receive, store and ship out a lot more crude from the Permian and Eagle Ford shale plays, with an increasing share of those barrels destined for the international market. Today, we discuss recent developments in crude exports out of South Texas.
RBN has written often about crude oil pipelines to Corpus Christi and refineries, storage and ship docks in Corpus and nearby Ingleside. Permian production is rising fast, and a significant share of the new pipelines being developed to accommodate Permian growth would flow to the South Texas coast. RBN’s Growth Scenario shows Permian crude oil production rising by about 300 Mb/d a year through the early 2020s — topping 3 MMb/d late this year, 4 MMb/d in late 2020 and pushing 5 MMb/d by 2023. Further, recent increases in oil prices could accelerate the pace of that growth, not just in the Permian but in the recently rebounding Eagle Ford, where production now averages more than 1.3 MMb/d.
There is an extensive crude-related infrastructure already in place in Corpus.
RBN has discussed recent increases in exports out of Corpus-area docks, including Occidental Petroleum’s (Oxy) new Ingleside Energy Center Terminal in Ingleside (across the bay from Corpus); and has described a few of the projects under way to increase Corpus’s capacity for shipping out more and more crude.
Today, a recap and an update.