For many living and working in this region,
the Gulf Coast oil disaster has sparked unpleasant memories of Hurricane Katrina, which devastated the area in August 2005.
This week marks both the anniversary of
the Gulf Coast oil spill on April 20th as well as Earth Day on April 22nd.
NWEI is very excited to introduce our newest discussion guide: Just Below the Surface: Perspectives on
the Gulf Coast Oil Spill.
This is why NWEI has responded by dedicating its newest discussion guide, Just Below the Surface: Perspectives on
the Gulf Coast Oil Spill, to reflection and action around last year's oil spill.
10 courses are available including: Voluntary Simplicity; Healthy Children, Healthy Planet; Just Below the Surface: Perspectives on
the Gulf Coast Oil Spill; Choices for Sustainable Living, Menu for the Future; and many more.
As reported by the Committee on Energy and Commerce, 22.3 percent of
Gulf Coast oil production remains shutdown.
Through the sale of her original paintings, the 11 - year - old author raised money for the Audubon Society's
Gulf Coast oil - spill recovery efforts.
The 2010
Gulf Coast oil spill may seem like a distant memory, but the recovery is still underway.
The Gulf Coast oil spill was horrifying.
President Obama's pick to oversee
the gulf coast oil spill disaster fund is 9/11's special master Kenneth Feinberg.
As his city, state and region struggled this summer to make sense of what
the Gulf Coast oil disaster would mean, Kenneth Smith, 50, prepared to hang up his apron and move from feeding people's bellies to feeding their souls.
Not exact matches
CEO Rob Peabody said Husky cut back heavy
oil production by about 5,000 barrels per day in the first quarter and substituted mainly blended bitumen bought from other Alberta oilsands companies to send to its U.S. refineries in Ohio and Wisconsin or to the refining complex on the U.S.
Gulf Coast.
In October of 2011, the price of WTI at Cushing, OK was discounted by almost $ US25 per barrel compared to similar
oil grades on the U.S.
Gulf Coast, only 600 miles away.
The U.S. can produce as much shale
oil as it wants, but its
Gulf Coast refineries are geared toward heavier kinds of crude that can easily process
oil sand bitumen but aren't geared toward the lighter crude coming out of, say North Dakota's Bakken play.
The companies say the pipeline would carry Bakken shale
oil more cheaply and safely from North Dakota to Illinois en route to U.S.
Gulf Coast refineries than it could be shipped by railroad or tanker trucks.
Dina Cover of TD Bank was sure we would see an economic boom from new oilsands investment given «the notion that oilsands are a safer method of
oil production (than
Gulf Coast offshore).»
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.
There has also been a massive buildout of
oil pipelines in the U.S., taking crude from the Bakken and the Permian to refineries on the East and
Gulf Coasts.
These developments raise the possibility that Canada's two leading pipeline companies will lose out to American rivals in the race to get fast - rising
oil production from Alberta, Saskatchewan and North Dakota to higher paying refiners on the
Gulf Coast, Asia and California.
The pipeline would connect Canada's tar sands with refineries on the Texas
Gulf Coast that specialize in processing heavy crude
oil.
And while Hamm is supporting
oil - related sanctions on Venezuela, U.S. refiners and Republican Senators from
Gulf Coast states are actively lobbying against potential bans.
TransCanada's Keystone XL pipeline would carry more than 800,000 barrels of
oil a day from Alberta and the U.S. Bakken
oil field across six U.S. states to refineries in the Texas
Gulf Coast.
Despite the shale boom,
Gulf Coast refineries still need Alberta's
oil.
The move comes after months - long protests by environmentalists and Native American groups in North Dakota against Energy Transfer Partners LP's $ 3.8 billion Dakota Access pipeline, which would bring crude
oil from the state's Bakken
oil patch through the Midwest and into the U.S.
Gulf Coast.
On Monday, trader AOT Energy separately said it had reduced some staff, including parting ways with its senior management team in Houston, and earlier this year pared its European distillates and U.S.
Gulf Coast fuel
oil business due to shrinking margins.
«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.»
Consider the brinkmanship over the Keystone XL pipeline, which would carry Albertan
oil to
Gulf Coast refineries in the United States.
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.
Think of Kinder Morgan's Trans - Mountain Pipeline from Edmonton to refineries and terminals in B.C. and Washington and branch lines carrying heartland
oil to the
Gulf Coast operated by Enbridge and ExxonMobil as small leaks in the great
oil dam.
CNBC's Jackie DeAngelis reports on Tropical Storm Harvey impacting the
oil refineries near the
Gulf Coast.
Protest group Climate Direct Action said the move was in support of the Standing Rock Sioux Tribe, which has protested the construction of a separate $ 3.7 billion pipeline carrying
oil from North Dakota to the U.S.
Gulf Coast over fears of potential damage to sacred land and water supplies.
The pipeline carries Canadian heavy crude
oil from Patoka, Illinois to refineries on the Texas
Gulf coast.
«Located at the heart of the United Arab Emirates along the
Gulf on the eastern
coast of the Arabian Peninsula, there's nothing small nor understated about this former fishing village turned
oil - rich city - state.»
Recent studies have shown that if Canadian
oil were able to reach the U.S.
Gulf Coast and Asia, the impact of higher revenues to Canadian producers over a 15 year period would amount to an additional $ 132 billion in Canadian GDP.
It adds that «approval or denial of the proposed project is unlikely to have a substantial impact on the rate of development in the
oil sands, or on the amount of heavy crude
oil refined in the
Gulf Coast area.»
«People need jobs, the
Gulf Coast states need revenue, and Americans do not want to be dependent on foreign
oil.»
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.
Three - tenths of the nation's crude
oil refining capacity is located in Texas, with the majority of the refineries «clustered near ports along the
Gulf Coast,» according to the U.S. Energy Information Administration's website.
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.
If the $ 7 billion pipe is built, which is likely, it will transport
oil from Alberta nearly 3,000 km to refineries on the U.S.
Gulf Coast.
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).
As refineries along the
Gulf Coast slowly resume normal operations, there was no surprise in this week's EIA inventory report: a build of 4.6 million barrels of crude
oil.
Gulf Coast distillate fuel
oil inventories have fallen for four consecutive weeks, according to EIA data.
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.»
Taking
oil south to the
Gulf coast via Keystone XL or west through British Columbia are clearly more expedient options.
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.
The construction or not of Keystone XL affects only a small share of this
oil and affects it in a particular way — it makes some of this
oil more expensive to get to the
Gulf Coast.
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.