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Politics : President Barack Obama -- Ignore unavailable to you. Want to Upgrade?

To: Wharf Rat who wrote (96423)	7/9/2011 3:14:12 PM
From: Wharf Rat	Read Replies (1) \| Respond to of 149317

The following are players in the Cushing Interconnect (storage capacity is based on press reports and includes capacity reciently brought on-line): BP PLC Viridan pipeline – Cushing to Chicago 2×12, 22 (C12) Enbridge Energy Partners Mid-Continent Liquids System services several mid continent oil refineries from the Cushing hub. The system transported approximately 244,000 barrels per day of crude oil in 2006 and also includes 108 storage tanks with crude oil storage capacity of 16.7 million barrels Spearhead Pipeline System (operator, partnering with BP who will extend several existing pipelines to link to the Cushing Interconnect.) originating in the Canadian oil sands located in northern Alberta, with capacity of under 190,000 barrels per day. The oil sands contain 175 billion barrels of reserves, second only to Saudi Arabia. The transit time from Edmonton to Cushing averages approximately 47 days. Partner BP Ozark Pipeline (Cushing to Wood River, Il), with a 58.8% percent interest in the 135-mile Osage pipeline and associated 1.2 million barrel storage terminal that delivers 110,000 barrels per day to two refineries in Kansas. Plains Resources Plains All American Pipeline LP (www.paalp.com) 5.3 million barrel crude oil storage SemGroup Energy Partners LP. eight crude oil tanks with 7 million barrels of the storage (ever wonder why SemGroup was involved in oil options that went bad and why they are not being allowed to fail?) Enerprise GP Holdings (NYSE:EPE) TEPPCO Partners, L.P., (www.teppco.com) owns a 50% of Seaway Crude Pipeline Company a 500 mile pipeline is 30 inches in diameter and transports crude oil from the U.S. Gulf Coast to Cushing. TEPPCO also owns a 13% joint ownership interest in the Basin system, a 416 -mile pipeline between the Permian Basin and Cushing 3 million barrels of storage capacity bartbinning.com == Most storage tanks are owned by four entities: oil giant BP, and energy-transport and logistics firms Enbridge Energy Partners, Plains All American Pipeline, and SemGroup Energy Partners. On July 13, 2010, BP announced it will sell its assets in Cushing to Magellan Midstream Partners.[8] On April 13, 2007, the now-defunct Lehman Brothers released a study which claimed that WTI Crude at Cushing is no longer an accurate gauge of world oil prices.[9] A large stockpile of oil at the facility (mainly due to a Valero refinery shutdown[10]) has caused prices to be artificially depressed at the Cushing pricing point. This gap relative to world markets increased in early 2009 to nearly $12 per barrel at times, causing Saudi Arabia, a leading oil exporter and OPEC member, to announce an end to benchmarking its own oil prices to WTI.[11] Cushing will be the southernmost hub of the proposed 2,148-mile (3,457 km) Keystone Pipeline that will transport up to 590,000 barrels per day (94,000 m3/d) of crude oil from Hardisty, Alberta to a huge tank farm in Patoka, IL. From there there is distribution to a refinery in Wood River, IL., as well as to the Cushing Hub and then to three refineries in Kansas.[12] In 2006, with production increases from Canadian oil sands, one pipeline reversed direction, bringing crude into the Cushing Hub, rather than delivering crude from Cushing to oil refineries. Enbridge’s Spearhead line connects Chicago and Cushing with a 125,000 barrels per day (19,900 m3/d) pipeline.[ en.wikipedia.org == Pondering a solo oil pipeline out of Cushing to the Gulf platts.com