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Thread: Keystone oil sands pipeline rejected

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    Re: Keystone oil sands pipeline rejected

    Quote Originally Posted by sharon View Post
    What? Who?

    OPEC doesn't sell oil to Iran.
    Gasoline isn't oil. Iran has limited refining capacity and has been getting gasoline from the Gulf Countries. It's been cut back, but not entirely.

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    Re: Keystone oil sands pipeline rejected

    Quote Originally Posted by sharon View Post
    Less than half of every gallon of oil becomes gasoline. For heavy crude, like that produced by Venezuela, the number seems to be less than 10%. If a barrel of Arabian or West Texas light sweet crude produces 19.5 gallons of gasoline .

    That is offset somewhat, because the remaining 22 gallons may be used to make heating oil, diesel or plastics. http://www.newton.dep.anl.gov/askasci/eng99/eng99288.ht...
    Also depends on the efficiency of the refinery. Venezuela's refineries are not very efficient which is why the send a lot of their oil to the U.S. to be refined.

    • "The America Republic will endure until the day Congress discovers that it can bribe the public with the public's money." -- Alexis de Tocqueville





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    Re: Keystone oil sands pipeline rejected

    Quote Originally Posted by Gary View Post
    Gasoline isn't oil. Iran has limited refining capacity and has been getting gasoline from the Gulf Countries. It's been cut back, but not entirely.
    Who? Saudi Arabia, Kuwait and Qatar don't sell them gasoline..

    Iran is their enemy because of the threat to the Strait of Hormuz.

    If the Israelis or the US bombs Iran, their first target with be the oil installations in Dhahran and Abqaiq.. That will take 10 million bpd off the market.

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    Re: Keystone oil sands pipeline rejected

    Quote Originally Posted by sharon View Post
    Who? Saudi Arabia, Kuwait and Qatar don't sell them gasoline..

    Iran is their enemy because of the threat to the Strait of Hormuz.

    If the Israelis or the US bombs Iran, their first target with be the oil installations in Dhahran and Abqaiq.. That will take 10 million bpd off the market.
    Check right across the Strait of Hormuz and find the nearest refineries!

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    Re: Keystone oil sands pipeline rejected

    Quote Originally Posted by Gary View Post
    Check right across the Strait of Hormuz and find the nearest refineries!
    What are you talking about?

    In which country?

    I should warn you.. I grew up in the Ghawar oilfields.

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    Re: Keystone oil sands pipeline rejected

    Quote Originally Posted by sharon View Post
    What are you talking about?

    In which country?

    I should warn you.. I grew up in the Ghawar oilfields.
    The UAE is across the Strait of Hormuz and they still trade with Iran.

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    Re: Keystone oil sands pipeline rejected

    Quote Originally Posted by Gary View Post
    What do you do, just make **** up?
    I hope that was a rhetorical question
    Quote Originally Posted by matchlight View Post
    Justice Thomas' opinions consistently contain precise, detailed constitutional analyses.
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    the vast majority of folks that need healthcare are on Medicare.. both rich and poor..

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    Re: Keystone oil sands pipeline rejected

    Wow, 69 pages... Has anyone mentioned the Koch Brothers envolvement with the Keystone Pipeline? The Koch Congress Pushing Keystone Pipeline
    "The measure off intelligence is the ability to change." Albert Einstein

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    Re: Keystone oil sands pipeline rejected

    Quote Originally Posted by Rosie1 View Post
    Wow, 69 pages... [...]
    And this is mostly a rehash of a previous thread, where most of the talking points presented here had already been debunked.

    As Koch Industries is heavily involved in the petroleum and pipeline business (and originated with refining, in fact), any info that they had a stake in Keystone would not be surprising.

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    Re: Keystone oil sands pipeline rejected

    Quote Originally Posted by sangha View Post
    I hope that was a rhetorical question
    The question is rheotical in the sense that someone believes a nation will build the second largest refining capacity in North and South America, but it can't refine it's own oil. All the crude oil in Venezuela isn't heavy crude. Venezuela manages to export more barrels of gasoline than barrels of oil it produces.

    CITGO Petroleum Corporation (or CITGO) is a United States-incorporated, Venezuela-owned refiner, transporter and marketer of transportation fuels, lubricants, petrochemicals and other industrial products. The company is owned by PDV America, Inc., an indirect wholly owned subsidiary of Petróleos de Venezuela, S.A., the national oil company of Venezuela. The company has its headquarters in the Energy Corridor area of Houston, Texas.

    Citgo has its headquarters in the Energy Corridor area of Houston, Texas, United States.[22]

    Before it was headquartered in Houston, Citgo had its headquarters in Tulsa, Oklahoma. In 2003 Governor of Oklahoma Brad Henry met an executive of Citgo to discuss possible incentives that would keep the Citgo headquarters in Oklahoma.[23] For eight months the company debated whether to move its headquarters or to keep its headquarters in Oklahoma. In 2004 the company announced that its headquarters were moving to Houston.[24]

    At that point the company had not decided which location in Houston would have the headquarters. The company wanted 300,000 square feet (28,000 m2) of office space to house 700 employees. Citgo considered the 1500 Louisiana building in Downtown Houston, the Williams Tower in Uptown Houston, the BMC Software headquarters complex in Westchase, and the Aspentech Building in the Energy Corridor.[25] In June of that year the company signed a lease in the five story Aspentech building so it could serve as a headquarters.[26][27][28] In September 2004 the company began moving its headquarters; on September 24 of that month 150 employees were in the Energy Corridor offices.[29]
    Source: Citgo - Wikipedia, the free encyclopedia




    Sign on a 7-Eleven gas station pump

    This thread is about the Keystone oil sands pipeline being rejected, but the reality is, the Keystone pipeline has already been built, is operational and it's the Keystone XL project that hasn't been approved. I posted positive proof that the oil coming from the Keystone pipeline was used to supply refineries on the Great Plains that once used Gulf crude and imports. That has resulted in product from Gulf refiners not being needed to be transported up the Mississippi and they are exporting the gasoline to the Caribbean. One obvious market would be the U. S. Virgin Islands, that used to get all it's gasoline from Venezuela. It may not be in the news, but the United States is targeting the Venezuela market for petroleum products and why shouldn't they? Do you think oil companies are going to use that extra product from Canadian bitumen imports, in America, to drive down the price of gasoline? That wouldn't make good business sense. Once crude oil is made into a product, like gasoline, it's as fungible as money to a nation that imports oil. The molecules of gasoline we are exporting didn't come from Canada. The gasoline came from the Gulf, where we are stupid enough to give oil companies crude oil owned by the public for the price of a lease.

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