Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Non-Tech : Kirk's Market Thoughts -- Ignore unavailable to you. Want to Upgrade?

To: robert b furman who wrote (1620)	7/11/2014 11:18:00 AM
From: Kirk ©	Read Replies (3) \| Respond to of 26768

You were one of the first on SI to talk about this... I heard yesterday the US is now bigger than Saudi Arabia for oil.... I bet an investment in a dealership or fast food place along this line would be profitable.... but probably all snatched up before they made the plans public.... PIPELINE BENEFITS: North Dakota is the nation's No. 2 oil producer, behind Texas, but about 70 percent is being transported by railroad tank cars. Dalrymple said more pipelines will reduce truck traffic, reduce natural gas flaring and create more markets for the state's oil and natural gas. Oil pipeline across Iowa proposed desmoinesregister.com William Petroski, bpetrosk@dmreg.com 9:17 p.m. CDT July 10, 2014 A Texas energy company is hoping to build an 1,100-mile underground pipeline to transport a highly volatile type of crude oil from North Dakota's Bakken oil fields through 17 Iowa counties en route to Illinois. The project still faces regulatory hurdles from the Iowa Utilities Board and the Iowa Department of Natural Resources, and from regulatory agencies in other states. But some Iowa environmental groups said Wednesday they were unaware of the proposal and were quick to voice concerns. The pipeline would carry at least 320,000 barrels of crude daily, slicing diagonally across the heart of the state, from Lyon County in northwest Iowa through Polk County in central Iowa and Lee County to the southeast. Oil production has been booming in North Dakota, now exceeding 1 million barrels per day through the use of hydraulic fracturing and horizontal drilling technologies. Most of the oil is being shipped to refineries by railroads, but at least three new pipelines have been proposed in an effort to improve safety and reduce costs. BAKKEN OIL PIPELINE WOULD RUN THROUGH IOWA A proposed 1,100-mile crude oil pipeline would extend from the Bakken Oil Fields in western North Dakota through 17 counties in Iowa, en route to Patoka, Ill.