CNBC anchor Brian Sullivan began his Texas-sized national road trip on “Street Signs”—”Opportunity USA: Three Cities in Three Days”—aptly making megalopolis Houston his first stop. (San Diego and Minneapolis will follow.)
Read more: http://www.cnbc.com/id/100631099
HOUSTON, TEXAS — With Alberta bitumen languishing for want of pipelines to refineries and tidewater, on the other end of the proposed TransCanada Keystone XL pipeline, the Texas Gulf Coast is crying out for Canadian crude.
Over a plate of steaming crawfish at Houston’s Ragin’ Cajun, David Holt, president of the North American-based Consumer Energy Alliance, says hope for the Keystone’s a bi-national thing: Canadian crude is already America’s number one energy partner, so a conduit to bring the safe, abundant, reliable supply of energy — and some needed job revitalization — into the Gulf Coast is essential.
Read more: http://tinyurl.com/bf98862
Alberta bitumen and Texas Gulf Coast refining infrastructure is a match made in crude oil heaven.
Kenneth B. Medlock III, a fellow in energy and resource economics at Rice University’s Baker Institute and senior director of the Center for Energy Studies, says new American oil development — the Bakken and Eagleford formations, Permian Basin — produces light, tight oils.
Read more: http://tinyurl.com/bk29ruo