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| Is British Columbia the New Bakken?; Will export LNG to Asia | |
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| Tweet Topic Started: Feb 22 2012, 09:02 AM (490 Views) | |
| Pat | Feb 22 2012, 09:02 AM Post #1 |
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Fire & Ice Senior Diplomat
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North America is swimming in oil and natural gas. Is British Columbia the New Bakken? Will Export LNG to Asia By Nick Hodge Thursday, February 16th, 2012 We're learning more about the fossil fuel wealth under North American soil every day. Over the past few months, we've covered various formations and how new technology is allowing access to previously unrecoverable oil and gas. Barnett, Williston, Fayetteville, Utica, Niobrara, Eagle Ford, Tuscaloosa, Bakken... The rush has created millionaires from Fort McMurray to Fort Worth. I've heard of farmers on Maryland's Eastern Shore taking heavy equipment all the way to the Dakotas to profit from the boom. For awhile now, North American oil has been all about Alberta and the Bakken. Natural gas has been all about Haynesville and the Marcellus. The amount of energy coming out of those locations is undeniable, the media attention and related stock appreciation are warranted. And they're undoubtedly helping us lessen our dependence on foreign oil, albeit with much work left to do. But in the northeast corner of British Columbia, near the border with Alberta, another North American energy story is taking shape. And just as with the others, the first in stand to make the most. Here's the story as printed last week in the Lake Country Calendar, the pulse of Winfield, British Columbia: Lake Country Calendar Canada's National Energy Board has granted a license to BC LNG Export Cooperative to ship liquefied natural gas (LNG) from Kitimat to Asian markets. The license will allow the shipment of 36 million tonnes of super-cooled natural gas over 20 years from a $450 million floating terminal off Kitimat, BC. That's the equivalent of 125 million cubic feet per day. |
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| Brewster | Feb 22 2012, 09:15 AM Post #2 |
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Fire & Ice Senior Diplomat
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And probably another 0.1C of warming. Another three wind farms and two Solar generators not built. Another potential environmental disaster awaiting at Kitimat. A loss of many permanent jobs. More BC forests damaged. Not-So-Slow motion suicide. Edited by Brewster, Feb 22 2012, 09:20 AM.
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| Chris | Feb 22 2012, 09:20 AM Post #3 |
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Fire & Ice Senior Diplomat
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Couple that with Canada revs up for fight over second tar sands oil pipeline: "Canada's planned Northern Gateway pipeline would send tar sands oil to its West Coast for export to Asia." |
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| Pat | Feb 22 2012, 09:35 AM Post #4 |
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Fire & Ice Senior Diplomat
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Yep, Canada is moving forward with being a net exporter of CNG and from what I have read, here in the United States, we are not far behind. We have so much capacity that drilling has stopped in many areas for dry wells (those that just contain NG.) Drilling rigs are moving to the wet locations. Pass the cigars. Goodbye OPEC. Edited by Pat, Feb 22 2012, 09:37 AM.
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| jackd | Feb 22 2012, 10:02 AM Post #5 |
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In Quebec , we'll try and watch the petroleum parade go by.
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| Banandangees | Feb 22 2012, 04:28 PM Post #6 |
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Fire & Ice Senior Diplomat
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I'm thinking as Jackd. Maybe it's better (for the US) if we sit tight on this tar sands oil pipline. Maybe it is better for US environmental concerns to forego the tar sands oil pipline south. It would make a great terrorist target and much harder to clean up than refined oil. Our abundance of natural gas would probaboy be a little safer than the tar sands oil.
Edited by Banandangees, Feb 22 2012, 04:34 PM.
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| Deleted User | Feb 23 2012, 12:36 AM Post #7 |
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Well I doubt the oil pipeline to Kitimat will ever get built, because i believe that after Nov, Keystone will. Under Obama or a Rep.. At least natural gas is relatively clean. |
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| Pat | Feb 23 2012, 12:45 AM Post #8 |
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Fire & Ice Senior Diplomat
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Dream on Telco. It's already in the works. Western seaports will be exporting CNG within a decade. The enviro wackos in the province will not be capable of holding down the marketplace. |
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| Mountainrivers | Feb 23 2012, 12:54 AM Post #9 |
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Fire & Ice Senior Diplomat
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I don't know much about the native tribes in Canada, but my understanding is that the proposed route to the Pacific goes right through their lands and they are the "environmental wackos" Pat refers to. They have stated their opposition to it. I guess we'll have to wait and see how much clout they have with the Canadian government. |
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| Chris | Feb 23 2012, 12:58 AM Post #10 |
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Fire & Ice Senior Diplomat
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Ah, so you understand US |
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