Oil pipelines, fracking and the Trump connection

[suffragette]

I was looking for more information on plans to ship crude oil from the United States since it seems much of the new production and transport of oil and coal is aimed for this.

While searching I came upon a strong Trump connection at the center of doing this. Looks like this is his vision for our future: gouge out the raw resources here and transport them across country no matter the cost to our environment, health and livelihoods, export them across the world, then import back items such as his clothes to enrich him and his buddies.

More reason to support the courageous people who have come together across the United States and Canada to put a halt to this.


From May 2016
http://oilprice.com/Latest-Energy-News/World-News/Is-First-Bakken-Crude-About-to-Head-to-South-Korea.html

U.S.-based Continental Resources is seeking to sell Bakken crude oil to South Korea in a move being described as a major coup in the aftermath of the lifting of the U.S. crude oil export ban in January.

Continental Resources CEO Harold Hamm told an audience last week as an opener for a speech by Donald Trump that he had recently returned from South Korea where he was engaged in negotiations to deliver Bakken crude to the East Asian nation, Argus Media and National Gas Intelligence reported.

“And we are going to be able to do that. We are going to have Bakken oil going to South Korea,” Hamm opined.

From June 2016
http://www.bloomberg.com/news/articles/2016-06-09/continental-fracking-unfinished-oil-wells-after-rally-to-50

Continental Resources Inc. is fracking again.
~~~
Hamm, 70, attended a summit with tax experts and other business leaders at Trump Tower in New York on Thursday. An adviser role would be a familiar position for Hamm, who four years ago worked with then-Republican nominee Mitt Romney.
Hamm said Trump has been earnestly listening to his ideas, dating back to a 30-minute discussion of the American energy renaissance in 2011. Trump may not come off to the public this way, “but he’s someone who is very willing to listen to folks that he believes,” the oil executive said.
His top advice? Remove regulatory barriers to energy development and shift the U.S. approach to fossil fuels. Under the Obama administration, there’s “a target on everybody’s back in this industry,” Hamm said.

From Sept 2016
http://www.desmogblog.com/2016/09/06/harold-hamm-donald-trump-dakota-access-pipeline

Company Led by Donald Trump's Energy Aide Says Its Oil Will Flow Through Dakota Access Pipeline

Continental Resources — the company founded and led by CEO Harold Hamm, energy adviser to Donald Trump's presidential campaign and potential U.S. Secretary of Energy under a Trump presidency — has announced to investors that oil it obtains via hydraulic fracturing (“fracking”) from North Dakota's Bakken Shale basin is destined for transport through the hotly-contested Dakota Access pipeline.

The company's 37-page September 2016 Investor Update presentation walks investors in the publicly-traded company through various capital expenditure and profit-margin earning scenarios. It also features five slides on the Bakken Shale, with the fifth one named “CLR Bakken Differentials Decreasing Through Increased Pipeline Capacity” honing in on Dakota Access, ETCOP and how the interconnected lines relate to Continental's marketing plans going forward.

In a section of that slide titled, “Bakken Takeaway Capacity” a bar graph points out that the opening of Dakota Access would allow more barrels of Continental's Bakken fracked oil to flow through pipelines.

Dakota Access is slated to carry the fracked Bakken oil across South Dakota, Iowa and into Patoka, Illinois. From there, it will connect to the company's Energy Transfer Crude Oil Pipeline (ETCOP) line, which terminates in Nederland, Texas at the Sunoco Logistics-owned refinery.

[TheBlackAdder]

1. KXL & Fracking have wide cross-party legislative support. It's a fallacy fracking is for domestic.

.


Before delving too deeply, it should be noted that there are a dozens of congress-critters from both parties who are heavily invested in Canadian KXL firms. And, this extends to the inner circles of both political parties and campaigns.


Most fracking is slated for 10 LNG shipping terminals to ship to foreign nations. The widening of the Panama Canal is not only for larger container ships, but to accommodate these LNG ships.


.

[suffragette]

2. Still, that's a very close relationship and many people don't realize most is being exported.

I think those points are worth noting.