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Since Hurricane Harvey made landfall last month, we continued to analyze satellite imagery along the middle of the Texas
Gulf Coast for environmental impacts.
The Washington Post reported the study as almost being settled fact, writing «The disaster was caused by two weather - related features, extreme humidity and near - stationary low pressure that hovered over
the Gulf Coast for days.
By Anthony Swift Natural Resources Defense Council (NRDC) Wednesday, March 06, 2013 Read this blog post on the originating site In its recently released draft environmental review of the Keystone XL pipeline that would bring tar sands from Canada to
the Gulf Coast for export, the State Department attempts to make...
As someone who was on
the Gulf Coast for the BP blowout, I keep reminding people here in Nebraska about these charming folks.
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Let's see... Ater Hurricane Katrina, my church had a two day long drive where we took up donations and brought in items to take to
the gulf coast for the victims.
It would certainly be possible under current U.S. crude export laws for Canadian barrels to move via Keystone XL to
the Gulf Coast for export, but you'd have to ask yourself why that would happen.
A reasonable assumption, as used by Patricia Mohr at Scotiabank, is that you can get Canadian oil to
the Gulf Coast for $ 6 to $ 8 per barrel and to the West Coast for $ 3.50 to $ 5 per barrel.
Not exact matches
Harvey's devastating hurricane - force winds, storm surge on the
Gulf Coast, and landmark flooding inland combined to make it a catastrophic event
for Texas.
The agency had already issued tropical storm watches and warnings
for several areas along the U.S.
Gulf Coast.
Tropical storm watches and warnings
for Tropical Storm Cindy are in effect
for parts of the U.S.
Gulf Coast.
As well, Canada must make sure it can get its landlocked resources to market by building pipelines in virtually all directions — notably the Keystone XL route to the U.S.
Gulf Coast, the Northern Gateway line to the West
Coast for shipment to Asia, and the TransCanada west - to - east project to Quebec and Saint John, N.B.
«While the increase in U.S. production of crude oil and the reduced U.S. demand
for transportation fuels will likely reduce the demand
for total U.S. crude oil imports, it is unlikely to reduce demand
for heavy sour crude at
Gulf Coast refineries.»
The «Futures Now» team discusses how the preparations
for Tropical Storm Harvey on the
Gulf coast are affecting energy prices with Jackie DeAngelis.
Following the oil spill in the
Gulf of Mexico, Schwarzenegger abandoned plans
for new drilling off the California
coast that could have raised $ 118 million in the coming year.
«Keystone solves a lot of American problems, especially by connecting Cushing to the
Gulf Coast,» where the same barrel sells
for about $ 10 more, Paget says.
Due to the conversion of some Midwestern refineries to heavy grades and improving pipeline access to heavy - grade refineries on the
Gulf Coast, prices
for these coarser crudes could in fact be on the way up.
However, the outlook
for increased volumes of Canadian crude oil shipped by rail to the United States is highly uncertain despite significant U.S. demand
for Canadian crude oil, specifically on the U.S.
Gulf Coast.
Crude oil prices inched up after the EIA reported a smaller - than - expected build of 5.9 million barrels in crude oil inventories
for the week to September 8, after a 4.6 - million - barrel build in the prior week due to the
Gulf Coast refinery shutdowns.
A day earlier the American Petroleum Institute had estimated crude oil inventories had risen
for the second week in a row, by a hefty 6.18 million barrels, which was only to be expected as the market is prepared
for the Hurricane Harvey effects on
Gulf Coast refining to linger
for another few weeks.
Every week, the EIA releases a report detailing crude flows and oil stock levels in each of the nation's Petroleum Administration
for Defense Districts, or PADDs, of which there are five: New England (PADD 1), Midwest (2),
Gulf Coast (3), Rocky Mountain (4) and West
Coast (5).
Gulf Coast distillate fuel oil inventories have fallen
for four consecutive weeks, according to EIA data.
Argus has launched outright prices
for four key US
Gulf coast crude streams with a 4:30 pm Singapore timestamp.
But thanks to the subsidy they get from Canada, refineries in Cushing often enjoy refinery margins, or crack spreads as they're known in the industry, that have been as much as five times what refineries on the
Gulf Coast, which have to pay full world oil prices
for their feedstock, operate with.
The oil futures editor of the service noted that «U.S. inventory data will reflect post-Hurricane Harvey adjustments
for another few weeks, at a minimum, as
Gulf Coast refiners, terminals and ports continue the process of returning to normal.»
A supply curve is an ordered list of all the oil production opportunities globally, sorted by the cost of extraction or, probably better
for this example, the potential free - on - board price at a global trading hub — take every oil play in the world and ask what it would cost delivered to the US
Gulf Coast as a starting point.
Amid restarting refineries along the
Gulf Coast and growing optimism about strengthening demand, the EIA dampened spirits somewhat by reporting a substantial increase in crude oil inventories
for the week to September 15.
Originally, Miami was expected to bear the brunt of the storm once it hit Florida — but by Saturday morning, the storm's trajectory had shifted westward, with Tampa, the
Gulf Coast, and other parts of South Florida (including the Florida Keys) in line
for the worst effects.
«While it is premature to speculate on the ultimate impact to our production, we anticipate volumes will be restrained until
Gulf Coast and Houston refineries are back online,» Gordon Pennoyer, a spokesman
for Chesapeake Energy Corp., told Bloomberg.
For example, the massive refineries on the
Gulf Coast send gasoline through a major artery to the U.S. Mid-Atlantic and Northeast.
For now, the
Gulf Coast is home.
Crucially, much of that goes to the
Gulf Coast, and nearly all of it is in the form of heavy crude, a type of oil
for which
Gulf Coast refiners are particularly equipped to handle.
The American Petroleum Institute (API) reported a build of 6.181 million barrels in United States crude oil inventories, compared to analyst expectations that inventories would build by 10.1 million barrels
for the week ending September 8 as many refineries in the
Gulf Coast remain offline and demand in Florida wanes in the wake of the most recent hurricane.
There is a very remote chance it will travel into the
Gulf of Mexico, which would have huge implications
for the region's offshore production — most weather models have the hurricane shifting north up along the East
Coast.
The southern state depends on the
Gulf Coast region typically
for gasoline and also has a relatively higher total gas tax of 31.59 cents compared with bordering states like South Carolina and Alabama.
As the
Gulf Coast recovers from Hurricane Harvey, another major hurricane may be right around the corner, spelling further trouble
for energy markets.
U.S.
Gulf Coast refineries have started to come back online, easing fears of a major fuel shortage, although bottlenecks and localized scarcities will persist
for some time.
Canadian heavy oil is perfectly suited
for the refineries in the U.S.
Gulf Coast, which is the largest motor gasoline producing region in the U.S., producing 90 percent of American gasoline exports.
Disrupted refining capacity along the
Gulf Coast, along with the impact on millions of motorists, took a large bite out of oil demand, leading to temporary losses
for WTI.
The commercial case
for the Keystone XL project, which would allow
Gulf Coast refiners to access oil from lower - priced, landlocked markets such as Alberta, therefore, would potentially allow the U.S. to reduce their dependence on foreign oil — albeit by a small amount.
The Northeast has higher pump prices
for gasoline than states near the
Gulf Coast or in the Midwest.
In the last year, the spread between what a barrel of oil is worth in the Midwest (called WTI — which is usually the oil price you see on the nightly news) and what it's worth either on the
Gulf Coast (LLS) or when shipped to Europe (called Brent — which is generally used as a benchmark
for world prices) has widened to historic levels.
Gulf Coast lawmakers say it's time
for a woman to take the Senate seat.