Bakken Oil News

Lowballed risks, errors discovered in Vancouver oil train terminal analysis

Lowballed risks, errors discovered in Vancouver oil train terminal analysis

December 11, 2015 | Oregon Live | Consultants evaluating a proposed Vancouver oil train terminal for a Washington state regulator vastly understate the worst-case scenario for a catastrophic oil spill, data from the United States and Canada show. Three of the four authors hired to write the analysis are former executives of BNSF Railway Co., […]

By December 13, 2015 0 Comments Read More →
End of Crude Oil Export Ban Is Possible

End of Crude Oil Export Ban Is Possible

December 10, 2015 | NY Times | WASHINGTON — For months, Senator Lisa Murkowski, Republican of Alaska, and Senator Heidi Heitkamp, Democrat of North Dakota, formed a quiet, persistent alliance as they sought to convince their colleagues that it was time to end a more than 40-year ban on crude oil exports. They turned the […]

By December 13, 2015 0 Comments Read More →
How Cheap Crude Stalled America’s Booming Oil Trains

How Cheap Crude Stalled America’s Booming Oil Trains

December 9, 2015 | Bloomberg News| This year has already been the costliest by far for crude train explosions. Derailments in 2015 have caused $29.7 million in damage, according to data from the U.S. Department of Transportation, a huge increase from $7.5 million in 2014. Most of this year’s price tag can be attributed to two crashes within a three-week span. [Read […]

By December 9, 2015 0 Comments Read More →
Something Very Strange Is Taking Place Off The Coast Of Galveston, TX

Something Very Strange Is Taking Place Off The Coast Of Galveston, TX

November 15, 2015 | Zero Hedge | Having exposed the world yesterday to the 2-mile long line of tankers-full’o’crude heading from Iraq to the US, several weeks after reporting that China has run out of oil storage space we can now confirm that the global crude “in transit” glut is becoming gargantuan and is starting […]

By November 16, 2015 0 Comments Read More →
North Dakota posts 1.1 million barrels of oil daily in September

North Dakota posts 1.1 million barrels of oil daily in September

November 13, 2015 | Fuel Fix | BISMARCK, N.D. (AP) — The North Dakota Department of Mineral Resources says the state’s oil production dropped by about 25,000 barrels a day in September. The agency says the state produced an average of 1.1 million barrels of oil daily in September. The September production was about 60,000 […]

By November 16, 2015 0 Comments Read More →

Tesoro places its bet on a new, West Coast oil terminal

October 18,2015 | CNBC| Even as U.S. crude prices remain stuck below $50 a barrel, one energy company is betting big on an oil project that could transform energy infrastructure on the West Coast. Tesoro is looking to develop a 42-acre site at Washington’s Port of Vancouver into one of the largest crude-by-rail facilities in […]

By October 18, 2015 0 Comments Read More →

Oil train decline not permanent, energy consultant says

October 16, 2015 | Times Union| An international energy consultant says while sliding global oil prices may have reduced the number of oil trains coming through the Port of Albany, don’t expect the long lines of black tankers to decline dramatically or disappear altogether. James Clad, senior adviser to the CNA Corp. consulting firm and […]

By October 17, 2015 0 Comments Read More →
Oil export ban bill passes Senate committee

Oil export ban bill passes Senate committee

October 1, 2015 | Bakken Breakout| A marked-up oil export ban repeal bill sponsored by Sen. Heidi Heitkamp, D-N.D., passed a Senate banking committee Thursday and is expected to be merged into a similar bill by a Republican lawmaker. Heitkamp was the lone Democrat on the committee in Thursday’s 13-9 vote in favor but was […]

By October 5, 2015 0 Comments Read More →
Why America’s Oil Output Refuses to Collapse

Why America’s Oil Output Refuses to Collapse

October 1, 2015 | Bloomberg News| Somewhere amid the maze of wells that Murphy Oil Corp. has scattered across Texas’s sprawling Eagle Ford shale formation, Brett Pennington is carrying out a little experiment. What will happen, the exploration chief wants to know, when he jams huge quantities of sand down the narrow mouth of one […]

By October 1, 2015 0 Comments Read More →

DeSmogCast – The Science of Bomb Trains

September 26, 2015 | DeSmogCast | This video reviews the science behind the Bakken bomb train phenomena and details the oil industry’s successful efforts to delay any regulations that could resolve the issue. Bakken oil contains natural gas liquids like butane that make the oil extremely volatile and flammable. This reality has been demonstrated by […]

By September 26, 2015 0 Comments Read More →