Up the North Coast they don't believe in vaxxing.

How many ways and times can Tweedledum say "I am dumb and thick and dense!!" ? Symptom of Autism following a vaxx ?

Must be frustrating to not be able to understand the big words adults use.

A hint - solar doesn't work very well sometimes. At night ?




How Trump-Modi orchestrated a crash in crude

1.Trump forced Saudi to pump up the supply ahead of Iran sanction

2. Saudi boosted oil supply to highest level

3. Modi called Trump & convinced him to Exempt India from Iran sanction

4. Trump Agreed

5. Oil glut

6. Price crashed

The amount of electric cars sold each year is doubling, last year was 2 million sold, if this trend keeps happening , oil demand will falter....

The twins Tweedledum and Tweedledee are so thick, dumb and dense they don't realize how thick, dumb and dense they really are. Are they success stories for the FABIAN SOCIETY dumbing down of Australia ? Symptom of autism after a vax ? I thought rejects on the North Coast did not believe in vaxxing - they prefer to share their diseases. Wonder how low their IQs really are ?

Now ignoring the impaired twins and back to the TOPIC which is far too hard for the impaired twins to ever understand - too many big words.

The coal powered Teslas filling up at coal powered chargers are responsible.



Risking Trump ire, OPEC builds case for oil supply cut
Alex Lawler NOVEMBER 13, 2018 / 10:25 PM / 2 MONTHS AGO

LONDON (Reuters) - OPEC built a case on Tuesday for cutting oil output when it meets next month, warning that a supply glut could emerge in 2019 as the world economy slows and rivals increase production more quickly than expected.


FILE PHOTO: Crude oil storage tanks are seen from above at the Cushing oil hub, in Cushing, Oklahoma, March 24, 2016. REUTERS/Nick Oxford/File Photo

Worried by a drop in oil prices and rising supplies, OPEC is talking again of reducing production just months after increasing it. Such a shift would anger U.S. President Donald Trump, who on Monday urged OPEC not to cut supply.

In a monthly report, the Organization of the Petroleum Exporting Countries said world oil demand next year would rise by 1.29 million barrels per day, 70,000 bpd less than predicted last month and the fourth consecutive reduction in its forecast.

Oil prices have dropped steeply from a four-year high above $86 a barrel in October, pressured by concern that global demand is weakening amid adequate supply, offsetting U.S. sanctions on Iran that have started to cut the OPEC country’s oil exports.

“Although the oil market has reached a balance now, the forecasts for 2019 for non-OPEC supply growth indicate higher volumes outpacing the expansion in world oil demand, leading to widening excess supply in the market,” OPEC said in the report.

“The recent downward revision to the global economic growth forecast and associated uncertainties confirm the emerging pressure on oil demand observed in recent months.”

Crude LCOc1 extended an earlier decline after the release of the OPEC report, trading as low as $66.65 a barrel, the lowest since March. [O/R]

Together with Russia and other allies, OPEC had agreed in June to boost supply after pressure from Trump to lower prices. The move partially unwound output cuts that began in January 2017 in an effort to clear a glut that formed in 2014-2016.

The group meets on Dec. 6 to set policy for 2019.

PRODUCTION RISING
In the report, OPEC said its oil output rose further in October by 127,000 bpd to 32.90 million bpd after the June deal.

The biggest rises came from the United Arab Emirates and top exporter Saudi Arabia. These helped offset declines in Venezuela, where economic crisis has curbed output, and Iran, as buyers walked away before sanctions started this month.

The October production rate is considerably more than OPEC expects consumers will require next year.

OPEC said the world would need 31.54 million bpd from its 15 members in 2019, down 250,000 bpd from last month. This suggests there will be a 1.36 million bpd surplus in the market should OPEC keep pumping the same amount and other things remain equal.

Saudi Energy Minister Khalid al-Falih on Monday had outlined a case for supply restraint, saying OPEC and its allies agreed that analysis showed a need to cut output next year by around 1 million bpd from October levels.

Oil demand is slowing as the world economy decelerates - OPEC nudged down its 2019 growth forecast in the report. The recovery in oil prices that followed the 2017 OPEC-led supply cut is still prompting more growth in rival production.

Non-OPEC supply will rise in 2019 by 2.23 million bpd, the Vienna-based organization said, 120,000 bpd more than previously thought and far more than the increase in world demand.

https://www.reuters.com/article/us-opec-report/risking-trump-ire-opec-builds-cas...

Braindead silly old Tweedledee just can't help herself showing what a dumb dill she is.

Braindead silly old Tweedledumb AND now Tweedledee each just can't help herself showing what a dumb dill she is.

You would have to be a impaired fool to think you could win any argument by trying to use the ineffective tactics universally used by Gay Greenies where they ARE ALWAYS RIGHT and anyone who disagrees MUST BE WRONG and MUST BE ATTACKED.

They usually try to make out that everything is a personal issue which it is not as FACTS are ALL THAT COUNT.

But then Greeny types flee from FACTS like blowflies flee from MORTEIN.

Wonder if these weirdohs will try to ban Australia Day this year ?

Poor old Tweedledumb's tiny shrunken twisted mind is mentally exhausted and she is reduced to a blubbery heap. But what has the perils of being autistic got to do with oil ?

Yes we all know that most Tesla death robots are powered by coal from coal powered charging stations.

Now from an oil glut to a gasoline glut.


If You Can't Pipe It, Refine It: Alberta Seeks Oil Glut Solution (Monday, 7 January 2019)
By OGP Network - January 9, 2019


Raindear amongst the oil pipes

What’s worse: Too a lot oil, or an excessive amount of gasoline? The authorities of Alberta, weighing the potential of a brand new refinery for the province, could also be on its strategy to discovering out.

In 2018, surging crude manufacturing within the Canadian province bumped into restricted area on export pipelines, creating bottlenecks and sending the worth of native oil to document lows relative to world benchmarks. Now Premier Rachel Notley’s authorities desires to see if protecting extra of the oil at residence with a brand new refinery will make a distinction.

On Dec. 11, the federal government reported it was surveying non-public corporations about constructing a brand new refinery. The objective: Free up area for crude on native pipelines by turning extra of it into higher-value fuels akin to gasoline and diesel. Analysts, although, say present refineries within the province already produce extra refined gasoline than is required.

“Its not so much completely different than the difficulty they’ve with crude,” Jason Parent, V.P. of consulting at Kent Group Ltd, a downstream consultancy primarily based in London, Ontario. “You nonetheless must ship that product to market.”

The province will settle for submissions for refinery proposals till Feb. eight and can contemplate greenfield tasks and expansions at present websites. At this level, the federal government is just searching for a way of the tasks corporations could also be contemplating and isn’t but able to say how it will help these plans.

Heavy Western Canadian Select, the kind of crude produced in Alberta, fell to a $50 a barrel low cost to West Texas Intermediate, the U.S. benchmark. The state of affairs grew to become so acute that Alberta’s authorities introduced a compulsory, province-wide eight.7% manufacturing reduce to maintain costs from falling additional.

New oil export pipeline tasks — together with TransCanada Corp.’s Keystone XL, and the enlargement of the Trans Mountain pipeline to the Vancouver space — have confronted environmental opposition and court-imposed delays. Even Enbridge Inc.’s Line three enlargement, permitted and scheduled to start out operation within the second half of this yr, is going through authorized challenges from opponents.

While constructing extra refining capability within the province would cut back the glut of crude oil, the province’s 5 present refineries already produce extra refined fuels — together with gasoline, diesel and jet gasoline — than is required. And, as with crude oil, pipeline hyperlinks for refined merchandise to markets exterior Alberta are restricted.

The 300,000-bopd Trans Mountain line transported 42,000 bpd of fuels to the Vancouver space to be used by drivers in British Columbia. Enbridge’s Line 1 strikes gasoline and diesel from Edmonton, Alberta, to 3rd events in Gretna, Manitoba, however none to the U.S.

Alberta is already residence to Canada’s latest refinery. The North West Redwater Partnership’s Sturgeon plant, which opened in 2018, produces 40,000 bopd of diesel in addition to vacuum gasoil and propane and butane. But that venture solely got here to fruition with authorities loans and a dedication by Alberta to course of 37,500 bopd of royalty bitumen on the plant for a toll that helps cowl building prices, which have greater than doubled because the venture was first proposed to $7.2 billion (C$9.7 billion) as of final yr.

Building refineries in Alberta isn’t low cost. A single 100,000 bopd plant would price between $6.9 billion and $eight.6 billion versus $2.9 billion to $three.6 billion in south China, IHS Markit mentioned in a 2017 report.

At the identical time, a brand new refinery would compete in a North American market the place gasoline demand is flat or declining, and the place refineries constructed many years in the past are already supplying native markets with the gasoline they want, in keeping with Kevin Birn, IHS Markit’s director of North American crude oil markets.

“More Alberta-based refining was a no brainer twenty or third years in the past,” mentioned Gil McGowan, president of Alberta Federation of Labor and a supporter of constructing extra refining capability in Alberta. “The economics are more difficult now.” A brand new refinery must deal with exports, in all probability to Asia, he mentioned.

Refineries would release some area on…

Read more here

http://ogpnetwork.com/if-you-cant-pipe-it-refine-it-alberta-seeks-oil-glut-solut...