...As the debate intensifies, (click title to entry - thank you) arguments over the Keystone XL pipeline have grabbed the front pages of newspaper sand headlines of the evening news shows. But the media has focused little attention focused on the real consequences of the pipeline, among them, a probable increase by some estimates of gasoline prices in the Midwestern United States of 30 cents per gallon for regular and 10 to 20 cents per gallon elsewhere.
But that is not where the flow of money will stop. Oil from Canada’s tar sands will supply a feedstock to the U.S. refining industry, which is enjoying explosive growth in exports. In the words of CNN Money, “The United States is awash in gasoline. So much so, in fact, that the country is exporting a record amount of it.”...
The cost of accessing oil sands and extracting the oil and refining it is expensive. It is expensive from an extraction to its pollution of CO2 among other forms of air and water pollution as well as destruction of wildlife habitat.
Hamm, Chairman and CEO of Continental Resources, founded the predecessor company in 1967 as an oilfield service provider, later expanding to focus on the exploration and production of crude oil and natural gas properties in Oklahoma. In 1993, Continental Resources expanded into the Rocky Mountain region, first into the Red River Units of Montana and the Dakotas, and then into the Bakken Shale play in Montana and North Dakota. The company is now the third largest crude oil producer in the Rocky Mountain region, the largest leaseholder and driller in the Bakken Shale and the largest leaseholder in the Anadarko Woodford in Oklahoma, with additional operations in the South and East regions of the United States....
The cost of accessing oil sands and extracting the oil and refining it is expensive. It is expensive from an extraction to its pollution of CO2 among other forms of air and water pollution as well as destruction of wildlife habitat.
...In the words of CNN Money, “The United States is awash in gasoline. So much so, in fact, that the country is exporting a record amount of it.”
In September 2011, the United States exported 430,000 more barrels of gasoline a day than it imported, according to the U.S. Energy Information Administration. That is about twice what it exported at the start of the year, and “experts and industry insiders say the trend is here to stay,” reported CNN Money....
The problem with gas prices is NOT supply, but, speculation. The price setting capacity is at the whim of Wall Street. It has nothing to do with how much oil is in the market. There is plenty and it is being exploited for the purpose of cash flow as a commodity.
There will be far less petroleum reserves for future generations of Americans if they ever need it, because, the greed merchants are claiming it all now.
Years ago, Brian Schweitzer went to Saudi Arabia to help them develop their own food sources, now as Governor he isn't facilitating a climate for agriculture, but, who cares really if he can grow food supply in Saudi Arabia, the USA will be just fine as a dessert.
March 22- 23 at Billings Crowne Plaza
2/7/2012
Jayson O’Neill
(406) 444-9844
jaysononeill@mt.gov
(Helena, MT) -- Governor Brian Schweitzer (click here) announced that Harold Hamm of Continental Resources, the largest independent oil producer in the Bakken region, will keynote the Montana Ambassadors annual meeting and conference. The conference theme is Imagine the Possible and will be held at the Billings Crowne Plaza March 22-23. Jayson O’Neill
(406) 444-9844
jaysononeill@mt.gov
Hamm, Chairman and CEO of Continental Resources, founded the predecessor company in 1967 as an oilfield service provider, later expanding to focus on the exploration and production of crude oil and natural gas properties in Oklahoma. In 1993, Continental Resources expanded into the Rocky Mountain region, first into the Red River Units of Montana and the Dakotas, and then into the Bakken Shale play in Montana and North Dakota. The company is now the third largest crude oil producer in the Rocky Mountain region, the largest leaseholder and driller in the Bakken Shale and the largest leaseholder in the Anadarko Woodford in Oklahoma, with additional operations in the South and East regions of the United States....
