Epstein Secrets

stem built to import oil and deliver it to coastal refineries has become ill-equipped to handle rising production in Texas, North Dakota and Canada's Alberta province. "All of the pipes are pointed in the wrong direction," says Harold York, an oil researcher at Wood Mackenzie. "We are turning the last 70

with trucks, trains and barges to move an increasing amount of crude. Oil delivered to refineries by trucks grew 38% from 2011 to 2012, according to the U.S. Energy Information Administration, while crude on barges grew 53% and rail deliveries quadrupled. Although alternatives are growing rapidly, pipelines and oceangoing tankers remain th

stem built to import oil and deliver it to coastal refineries has become ill-equipped to handle rising production in Texas, North Dakota and Canada's Alberta province. "All of the pipes are pointed in the wrong direction," says Harold York, an oil researcher at Wood Mackenzie. "We are turning the last 70 y

with trucks, trains and barges to move an increasing amount of crude. Oil delivered to refineries by trucks grew 38% from 2011 to 2012, according to the U.S. Energy Information Administration, while crude on barges grew 53% and rail deliveries quadrupled. Although alternatives are growing rapidly, pipelines and oceangoing tankers remain th

criss-crossing the US. Moving petroleum products by rail or truck instead is more expensive and riskier. If the US does not provide a market for the Alberta tar sands oil, it could end up on tankers to China; and the US will end up importing more of its energy needs from the Persian Gulf and Venezuela. Co

12% 15 5% 11% 14%! 20% 9% Net imports Shale gas 45% 40 Non-OPEC Conventional | 48% 20 56% 0 1990 1995 2000 2005 2010 2015 2020 2025 2030 2035 Source: U.S. Energy Information Administration. Non-associated onshore 8% 10 Non-associated offshore 8% 28% Tight gas 22% 5 2% 8% Coalbed methane 7% 9% 1 Alaska Associated with oil 1% 7% 1990 1994