North American next energy hub?
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FILE - In this file photo taken July 7, 2010, an unidentified oilfield worker ties pipes to be raised on an oil rig as the sun sets in the Persian Gulf desert oil field of Sakhir, Bahrain. Exxon earned the majority of its income from exploration and production operations in foreign waters, particularly in Africa, Asia and the Middle East. Exxon's results showed a jump in profits across its exploration and production, refining and chemicals businesses. (AP Photo/Hasan Jamali, file) (AP)
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The Ensco 8501 semi-submersible rig is seen in the Gulf of Mexico, 70 miles southeast of Louisiana, where it is about to begin drilling a bypass well for Noble Energy. Obama administration officials toured the 2.5-year-old rig on Wednesday. Jennifer A. Dlouhy / Houston Chronicle
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Robert Lee, a lab technician at ConocoPhillips' Surmont oil sands project in Alberta, Canada, examines a vial with water and oil sediment -- pulled from an early stage in the process of de-oiling the water. Lab technicians at the facility are constantly monitoring water that is de-oiled. (Jennifer A. Dlouhy /Hearst Newspapers / The Houston Chronicle )
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The view from an approaching helicopter shows the armada of drillships and other vessels surrounding the site of the blown out BP well in the Gulf of Mexico about 40 miles off the coast of Louisiana. Credit Brett Clanton / Chronicle
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The mechanism drilling a relief well aboard the Development Driller II
enters the Gulf of Mexico through an opening called the moon pool.
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John Wright, a senior vice president with Boots & Coots International Well Control, who is overseeing the drilling of relief wells to stop the Gulf oil spill, looks from the drilling rig to oil containment operations.
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Semi-subermisible oil rigs and jackup shallow-water drilling units stand idle in the Gulf of Mexico off the coast of Cameron, Louisiana, U.S., on Saturday, July 17, 2010. The federal government has imposed a deepwater drilling moratorium and has slowed new shallow water permits in the wake of the BP Deepwater Horizon oil spill. BP Plc's oil spill may cost the U.S. Gulf Coast region 17,000 jobs and about $1.2 billion in lost economic growth by year-end even if the flow is stanched permanently next month, Moody's Analytics said. Photographer: Aaron M. Sprecher/Bloomberg (Bloomberg)
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Pipes carry steam, produced gas, emulsions and other material between wells and a steam-generation facility at the Surmont oil sands project Conoco Phillips operates in Alberta, Canada. Conoco Phillips' partner on the project is Total E&P Canada. Surmont is located about 40 miles southeast of Fort McMurray, Alberta, in the Athabasca oil sands region. At Surmont, Conoco Phillips extracts bitumen from the oil sands using an in situ technique known as steam-assisted gravity drainage. (Jennifer A. Dlouhy /Hearst Newspapers / The Houston Chronicle )
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Two of four steam generators at ConocoPhillips' Surmont oil sands project in Alberta, Canada.
ConocoPhillips is using a technique known as steam-assisted gravity drainage to extract bitumen from the region's oil sands. The process involves a pair of wells and closely spaced underground pipes -- one set for injecting steam that can melt bitumen and one set for extracting the liquid bitumen from the reservoir deep underground. (Jennifer A. Dlouhy /Hearst Newspapers / The Houston Chronicle )
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Bulldozers dump dirt at an oil sands mine operated by Suncor in Alberta, Canada. The facility, which started operating in 1967, uses massive dozers (trucks) manufactured by Caterpillar and Komatsu to transport heavy oil sands loaded with bitumen, clay and other material from the mine to a processing plant -- and then to transport back remaining material after the oil is extracted. Each of the trucks carries 300 to 400 tons of material. (Jennifer A. Dlouhy /Hearst Newspapers / The Houston Chronicle )
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A view of tanks inside a processing facility at Suncor's Millennium oil sands project in Alberta, Canada. The tanks hold "middlings," which contain small amounts of bitumen, along with silts and clays. The middlings are diluted and drawn off for further processing. (Jennifer A. Dlouhy /Hearst Newspapers / The Houston Chronicle )
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ADVANCE FOR USE SUNDAY, JAN. 29, 2012 AND THEREAFTER - This Sept. 19, 2011 aerial photo shows a tar sands mine facility near Fort McMurray, in Alberta, Canada. Alberta has the world's third-largest oil reserves after Saudi Arabia and Venezuela - more than 170 billion barrels. Daily production of 1.5 million barrels from the oil sands is expected to increase to 3.7 million in 2025, which the oil industry sees as a pressing reason to build the pipelines. Critics, however, dislike the whole concept of tapping the oil sands, saying it requires huge amounts of energy and water, increases greenhouse gas emissions and threatens rivers and forests. (AP Photo/The Canadian Press, Jeff McIntosh) (Associated Press)
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Jake Lacey
A Petrohawk Energy Co. drilling site at the Eagle Ford Shale in McMullen County. (Jake Lacey)
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Welding crews are busy laying pipelines such as this one east of Karnes City, Texas in order to get oil and gas extracted from the Eagle Ford shale formation to market. Pipelines are critical because hauling by truck is more expensive. JOHN DAVENPORT/jdavenport@express-news.net (SAN ANTONIO EXPRESS-NEWS)
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Eric Poor, and employee of the Lufkin Company, works on a newly installed pump jack that pumps oil from the Eagle Ford shale formation near Kenedy, Texas. The Eagle Ford shale underlies 24 Texas counties that stretch from a region northeast of San Antonio to Laredo and Webb County. JOHN DAVENPORT/jdavenport@express-news.net (SAN ANTONIO EXPRESS-NEWS)
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This is one of Chesapeake Energy's hydraulic fracturing operations over the Eagle Ford shale formation near Carrizo Springs, Texas. Hydraulic fracturing, or fracking, is a practice used to coax natural gas and petroleum from rock formations like shale. The head of the well is the red, vertical extension on the bottom right corner. JOHN DAVENPORT/jdavenport@express-news.net (SAN ANTONIO EXPRESS-NEWS)
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Dust permeates the air at a Chesapeake Energy Co. fracking operation at a well site near Carrizo Springs, Texas Thursday May 5, 2011. The site is over the Eagle Ford shale formation where oil and gas is being extracted in the area. Fracking is also known as hydraulic fracturing. JOHN DAVENPORT/jdavenport@express-news.net (SAN ANTONIO EXPRESS-NEWS)
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An oil worker walks pass the manifold (right) and frac pumps (left) at a Chesapeake Energy hydraulic fracturing operation near Carrizo Springs, Texas Thursday May 5, 2011. Hydraulic fracturing is a method of removing oil and gas from rock formations such as the Eagle Ford shale formation in south central Texas. JOHN DAVENPORT/jdavenport@express-news.net (SAN ANTONIO EXPRESS-NEWS)
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The Valero Three Rivers Refinery in Three Rivers, Texas between San Antonio and Corpus Christi refines a lot of oil from the Eagle Ford shale formation where the process of hydraulic fracturing is taking place. (Thursday June 30, 2011) JOHN DAVENPORT/jdavenport@express-news.net (SAN ANTONIO EXPRESS-NEWS)
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Helge Lund (center), CEO of Norwegian energy company Statoil, speaks with Talisman Energy Frac Specialist Nabila Larsen (left, foreground, pointing) at a Talisman Energy fracking site near Cotulla, Texas. Statoil is working with Talisman energy to develop oil and gas ventures in the Eagle Ford shale formation in south central Texas. (Wednesday September 7, 2011) JOHN DAVENPORT/SAN ANTONIO EXPRESS-NEWS (jdavenport@express-news.net) (SAN ANTONIO EXPRESS-NEWS)
North America is poised to become the “new Middle East” of energy exports by the next decade, according to a Citigroup analyst.
Edward Morse, the bank’s managing director of commodities research, told The Vancouver Sun that the continent is likely to see export capacity rise as production of tar sands, natural gas and oil — both onshore and offshore — ramp up in Mexico, Canada and the U.S.
“North America, particularly the U.S., is poised to become a growing exporter of petroleum products from the U.S. Gulf Coast,” Morse said.
Seriously?
With Captain Chaos in the White House?
Aint happnin……..
not if obama and his followers have anything to say about it.
No.