Thursday, October 29, 2015

Who is next?

Oh, yeah, let's build a pipeline. How is the railroad car availability these days? We so much need new pipelines. NOT!

This is the time for existing pipelines to be refurbished and refitted and there will never be a need for a new one again.

October 29, 2015

Bismarck, ND — Two more energy companies (click here) operating in North Dakota’s Bakken oil patch have filed for Chapter 11 bankruptcy in the midst of slumping crude prices.
Tulsa-based Samson Resources and Denver-based American Eagle Energy plan to sell off Bakken assets to pay debts, the Bismarck Tribune reported.

Samson filed for bankruptcy in mid-September, hoping to clear out more than $3.25 billion in debt. Company spokesman Brian Maddox said Samson hasn’t yet succeeded in selling acreage.

Under a restructuring agreement, lenders own all the reorganized company’s equity in exchange for at least $450 million of new capital.

“The steps we are taking will allow our company to maximize future opportunities and compete more effectively with significantly less debt on our balance sheet,” Samson CEO Randy Limbacher said in a statement. “We fully expect to operate our business as usual throughout this process and to emerge as a financially stronger company.”...

Local economies need to pay attention. E85 is eight five percent ethanol and fifteen percent petroleum. It is time for local economies to look out for their local dealerships and those convenience stores to bring new fuels to their town.


October 29, 2015

Des Moines, Iowa — The U.S. Department of Agriculture (click here) says it is spending $100 million to help install nearly 5,000 additional ethanol fuel pumps in 21 states.
The agency said Wednesday that matching grants bring the total public-private investment to $210 million to increase the availability of the corn-based fuel.

The USDA says a typical gas pump delivers 10 percent ethanol, but the grants will help install pumps that offer higher blends of ethanol for more recently made vehicles.
The largest grants are going to Texas, $17 million for 763 pumps, and Florida, nearly $16 million for 892 pumps.
Iowa, the nation’s top corn-producing state, will see $5 million.


Here is a place to start for contact information. US Senators or a House Representative should be able to find information regarding this change in fuel pump. When alternative fuels are available it will promote more sales of "Flex Fuel Vehicles." (click here)