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Enbridge to invest $6.2B in pipeline expansions for light oil from North Dakota and Canada

Green Car Congress

billion program of pipeline expansions to carry an additional 400,000 barrels per day (bpd) of light oil from North Dakota and western Canada to refinery markets in Ontario, Quebec and the US Midwest. Specifics include: North Dakota System Expansion and Extension. Enbridge Inc. will proceed with a $6.2-billion

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Opinion: The Current Oil Price Rally Is Reaching Its Limits

Green Car Congress

Oil prices have climbed by about 50 percent from their February lows, topping $40 per barrel. But the rally could be reaching its limits, at least temporarily, as persistent oversupply and the prospect of new shale production caps any potential price increase. by Nick Cunningham of Oilprice.com.

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EIA: rail delivery of US oil and petroleum products continues to increase, but rate slower; 1.37M barrels per day

Green Car Congress

The surge in crude oil production from North Dakota, where there is not enough pipeline capacity to move supplies, accounts for a large share of the increased deliveries of oil by rail. The roughly 700,000 barrels per day of crude oil, which includes both imported and domestic crude oil, moved by rail compares with the 7.2

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Profiteering Hampers U.S. Grid Expansion

Cars That Think

The deficit is driving up electricity prices, reducing grid reliability, and hobbling renewable energy deployment. A transmission network contains webs of connections, which create a reliable, redundant power-supply system of massive scale. The United States is not building enough transmission lines to connect regional power networks.

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Harvard Kennedy School researcher forecasts sharp increase in world oil production capacity and risk of price collapse

Green Car Congress

Such an increase in capacity could prompt a plunge or even a collapse in oil prices, he suggests. The Bakken and Three Forks fields in North Dakota and Montana alone could become the equivalent of a Persian Gulf-producing country within the United States. million barrels per day and conceivably produce a total of 11.6

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Ford reportedly eliminates lease-to-buy option on electric vehicles

Teslarati

With used vehicles selling at prices sometimes as much as or higher than brand new models due to parts shortages and semiconductor constraints, Ford may be looking to take used EVs and make another profit on them after an initial lease is up. .” battery production.” ” I’d love to hear from you!

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Opinion: Are US Drillers Actually Making A Comeback?

Green Car Congress

Oil prices have rebounded strongly since March. The benchmark WTI prices soared by more than 36 percent in two months, and Brent has jumped by more than 25 percent. But that cut in production has itself contributed to the rise in prices. million barrels per day, that would merely bring about another decline in oil prices.

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