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

To: energyplay who wrote (175681)	1/10/2013 11:02:48 PM
From: Bearcatbob	2 Recommendations Read Replies (1) \| Respond to of 206183

"I expect the U.S. will be happy to supply the world with refined products, such a Jet-A, diesel, and gasoline." How the product mix from domestic refineries is marketed will be interesting. I wonder if we will need some "heavy stuff" from Canada to get the proper mix for our consumption patterns. Bob PS: Here is something interesting: www.lngglobal.com/latest/doe-authorizes-main-pass-energy-hub-to-export-lng.html DOE authorizes Main Pass Energy Hub to export LNG Published on Wednesday, 09 January 2013 06:30 The Department of Energy has authorized Main Pass Energy Hub to export LNG from a proposed floating terminal in the Gulf of Mexico. Main Pass Energy Hub is owned by Freeport McMoRan Energy and United LNG. .................

To: energyplay who wrote (175681)	1/13/2013 2:36:40 AM
From: elmatador	Respond to of 206183

Turkey beats Norway as oil driller…now it needs to find something Jan 11, 2013 10:42am by Jonathan Wheatley Factoid: more oil wells are being drilled by Turkey than by Norway. That’s the perhaps startling news in a Bloomberg story under the headline Turkey Beating Norway as Biggest Regional Oil Driller. Hang on a bit. Norway, according to the US Energy Information Administration, is the world’s 14th biggest oil producer, with output of 2m barrels a day. The EIA puts Turkey in 60th place, with output of 56,533 barrels a day in 2011. Norway exports more than 80 per cent of the oil it produces. Turkey imports more than 90 per cent of the oil it consumes. But then, Norway has been drilling for oil since the 1960s. (Anyone wanting to drown in Norwegian oil data should visit the Norwegian Petroleum Directorate’s homepage, or even its Fact Pages, where they can keep up to date by downloading its app. Alternatively, read Martin Sandbu’s enchanting tale of the Iraqi who started it all.) Norway has reserves of about 5.32bn barrels, compared with Turkey’s 270m. The point, however, is that Turkey needs its own oil and natural gas very badly indeed, not only to reduce its energy dependency but also to cut its crippling current account deficit. So it is not surprising that it is looking for new fields with greater urgency than Norway (which, however, is fighting its industry’s oft-predicted decline). As Bloomberg notes, Turkey passed a new petroleum law last month to “ensure speedy, continuous and efficient search of carbon resources”. But its oil reserves will go only a small part of the way to meeting its needs. Hence its interest in exploiting its considerable but low-quality coal deposits. If it can tackle its energy needs with Norwegian efficiency, that will help.