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Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?

To: Dennis Roth who wrote (164732)	3/13/2012 11:49:51 AM
From: Dennis Roth	2 Recommendations Respond to of 206164

Obama's oil tanker dilemma: Vex unions to win Pennsylvania? chicagotribune.com NEW YORK (Reuters) - President Barack Obama faces a vexing decision this spring that is forcing him to weigh the pain of high gasoline prices for swing voters in Pennsylvania against the loyalty of his union base: whether to allow foreign oil tankers to carry fuel between U.S. ports. By granting waivers to the Merchant Marine Act of 1920 -- which requires all vessels carrying products or people between U.S. ports to fly under the U.S. flag, be built in the United States and crewed mostly by U.S. citizens -- Obama might head off a spike in Northeast fuel prices this summer... ,,,Waivers would dramatically increase the number of tankers that could ship surplus fuel from the Gulf Coast to the eastern seaboard, lowering transport costs and creating incentives to build up gasoline stocks ahead of the summer driving season and keep prices in check... ...Representatives of unions were unequivocal in their resistance. "Waiving the Jones Act doesn't make sense due to the impact on jobs," said Dan Duncan, executive secretary treasurer of the A.F.L-C.I.O Maritime Trades Department, which represents 5 million mariners, shipbuilders, longshoreman and suppliers in the United States and Canada...

To: Dennis Roth who wrote (164732)	3/26/2012 10:48:36 AM
From: Dennis Roth	2 Recommendations Read Replies (1) \| Respond to of 206164

FEATURE: Oceangoing barges could meet gap in US Northeast gasoline, ULSD supply Washington (Platts)--23Mar2012/455 pm EDT/2055 GMT platts.com A temporary shake-up of Gulf of Mexico shipping patterns, drawing on a fleet of 43 giant oceangoing tug-propelled barges, could meet the shortage of gasoline and ultra low sulfur diesel expected in the US Northeast if a third Philadelphia-area refinery closes this summer, according to shipping sources. Until a planned expansion of the North Carolina-to-New Jersey Colonial Pipeline is complete in 2013, the industry and the US Energy Information Administration expect waterborne shipments from Gulf Coast refineries to Philadelphia and New York to plug some of the gap. EIA said the Northeast might need to find alternate sources for 240,000 b/d of gasoline and 180,000 b/d of ULSD by 2013 if Sunoco closes its 330,000 b/d Philadelphia refinery. The company said it would shut the facility if it cannot find a buyer by July. [snip] more at link