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Sure there is Buster- Wasn't there recent news that the pipeline was extended from Oklahoma down to the Gulf Coast, right? And that releives the oversupply in Oklahoma and will end up causing Oklahoma to start having prices similar to other states. Enbridge was in that pipeline too- where they reversed the flow and are now sending oil from Oklahoma down to the Gulf of Mexico so it can be exported to higher bidders.

That's the SEAWAY PIPELINE, which was opened in January with a trickle, and initial capacity to move oil from Cushing, Oklahoma to the Gulf Coast turned up from 150,000 barrels a day to try and increase flow to more like 400,000 barels a day last month, right?
(April 12th is about when that started, according to this news release: http://www.reuters.com/article/2013/04/03/seaway-pipeline-idUSL2N0CQ28120130403


See
http://seawaypipeline.com/



Didn't we already discuss that?

P.S.- Enbdige's release says they are going to try and build a second line next to the original one, to increase the rate of flow to 800,000 barrels a day by 2014. That should really releive the downward price pressue in Oklahoma.
 
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Enbridge Pipeline company- the company that had that big pipeline leak into the water in Michigan, and has had repeated violations?


Turns out Enbridge has a lot more issues- with complying with regulations that have been in place for more than a decade- no shut-off buttons in 83 of it's pumping stations-- something that was required back in 1994-, and 117 out of 125 pumping stations lack backup power systems reuqired by regualtions in place since 1999.
Enbridge breaks safety rules at pipeline pump stations across Canada - Politics - CBC News

Oops.
 
James48843 said:
Enbridge Pipeline company- the company that had that big pipeline leak into the water in Michigan, and has had repeated violations?


Turns out Enbridge has a lot more issues- with complying with regulations that have been in place for more than a decade- no shut-off buttons in 83 of it's pumping stations-- something that was required back in 1994-, and 117 out of 125 pumping stations lack backup power systems reuqired by regualtions in place since 1999.
Enbridge breaks safety rules at pipeline pump stations across Canada - Politics - CBC News

Oops.
Click to expand...
Good job by the regulators, but if it's been going on for years WHY didn't they catch it before?
 
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[TD="class: econo-reportname, colspan: 2"]EIA Petroleum Status Report
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[TABLE="class: actual_consensus_box"]
[TR="class: actual_consensus_toprow"]
[TD]		Prior
Actual
Crude oil inventories (weekly change)
Gasoline (weekly change)
Distillates (weekly change)

[TD="class: econo-releaseinfo"] Released On 5/8/2013 10:30:00 AM For wk5/3, 2013
[/TD]

[TD="class: actual_consensus_box_numbers"]6.7 M barrels
[/TD]
[TD="class: actual_consensus_box_numbers"] 0.2 M barrels
[/TD]

[TD="class: actual_consensus_box_numbers"]-1.8 M barrels
[/TD]
[TD="class: actual_consensus_box_numbers"] -0.9 M barrels
[/TD]

[TD="class: actual_consensus_box_numbers"]0.5 M barrels
[/TD]
[TD="class: actual_consensus_box_numbers"] 1.8 M barrels
[/TD]
[/TD]
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[/TABLE]
Economic Calendar - Bloomberg
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James48843 said:
Sure there is Buster- Wasn't there recent news that the pipeline was extended from Oklahoma down to the Gulf Coast, right? And that releives the oversupply in Oklahoma and will end up causing Oklahoma to start having prices similar to other states. Enbridge was in that pipeline too- where they reversed the flow and are now sending oil from Oklahoma down to the Gulf of Mexico so it can be exported to higher bidders.

That's the SEAWAY PIPELINE, which was opened in January with a trickle, and initial capacity to move oil from Cushing, Oklahoma to the Gulf Coast turned up from 150,000 barrels a day to try and increase flow to more like 400,000 barels a day last month, right?
(April 12th is about when that started, according to this news release: UPDATE 1-Seaway crude oil pipeline operating normally-Enterprise | Reuters


See
Home - Seaway Pipeline Project



Didn't we already discuss that?..Yes, and you are as wrong now as you where then...Put down the Crack pipe will ya.

P.S.- Enbdige's release says they are going to try and build a second line next to the original one, to increase the rate of flow to 800,000 barrels a day by 2014. That should really releive the downward price pressue in Oklahoma.
Click to expand...

I just took the time to read this...Are you smoking Crack now Jim?...Where do you come up these self concluded things you posted here about to do with why OK has high GASOLINE prices right now, as they have as much to do with the price of Tea in China???...There is absolutely NO FRIGGIN connection at all, even as much as YOU want there to be..It is ONLY IN YOUR MIND that you draw these crazy azz conclusions from!
 



Oil prices slip as IEA highlights ‘supply shock’

 IEA outlook, U.S. supply data on tap



By Carla Mozee and Sara Sjolin, MarketWatch
LONDON (MarketWatch) — Benchmark U.S. crude-oil futures reversed and slipped below $95 a barrel on Tuesday, after the International Energy Agency said strong oil production in the U.S. is expected to outpace the demand in high-growth emerging markets.
Crude oil for June delivery /quotes/zigman/2237076 CLM3 -0.26% dropped 31 cents, or 0.3%, to $94.86 a barrel.
Oil prices slip as IEA highlights
 
[TABLE="class: tablewrapper"]
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[TD="class: econo-reportname, colspan: 2"]EIA Petroleum Status Report
[/TD]
[/TR]
[TR]
[TD="colspan: 2"]

[TABLE="class: actual_consensus_box"]
[TR="class: actual_consensus_toprow"]
[TD]		Prior
Actual
Crude oil inventories (weekly change)
Gasoline (weekly change)
Distillates (weekly change)

[TD="class: econo-releaseinfo"] Released On 5/15/2013 10:30:00 AM For wk5/10, 2013
[/TD]

[TD="class: actual_consensus_box_numbers"]0.2 M barrels
[/TD]
[TD="class: actual_consensus_box_numbers"] -0.6 M barrels
[/TD]

[TD="class: actual_consensus_box_numbers"]-0.9 M barrels
[/TD]
[TD="class: actual_consensus_box_numbers"] 2.6 M barrels
[/TD]

[TD="class: actual_consensus_box_numbers"]1.8 M barrels
[/TD]
[TD="class: actual_consensus_box_numbers"] 2.3 M barrels
[/TD]
[/TD]
[/TR]
[/TABLE]
Economic Calendar - Bloomberg
[/TD]
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