And No One Even Did The Math For The Story -- October 15, 2023

Locator: 45790CANADA.

No one did the math. If the math was done, I missed it.

Link here.

Back-of-the-envelope:

• $26 billion x 4% interest first year = $1 billion
• $26 billion / 30 years amortization = $900,000,00 -- let's just call it a billion.
• So, the first year: $2 billion just to pay for the pipe -- nothing about continuing operations and maintenance, GS&A
• $2 billion / 365 days = $5.5 million / day
• 300,000 bopd right now = about $17 / bbl
  
• plan: to 900,000 bopd in the future = about $6 / bbl
  

So, right now, about $17 / bbl of oil; in future, could be under $6 / bbl.

Wiki: cost to transport oil --

• rail: $10 - $15
• pipeline: $5

Disclaimer:

• I often make simple arithmetic errors;
• with this many zeroes, I often put the decimal in the wrong spot
• the calculations were based on only one or two numbers given in the story; many assumptions;
• if this is important to youu, go to the source.
• needs to be fact-checked. [Another list.]
  

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Halloween Candy 

By state: link here.

• North Dakota: Hot Tamales. Which, by the way, are my favorite non-chocolate treat. Favorite chocolate treat: Reese’s.