Here are some more selected news articles for the week ending 10 April 2021. Go here for Part 1.
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Global Economic Intersection every Monday evening or Tueday morning.
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Bakken crude to be rerouted in every direction if DAPL shuts | S&P Global Platts - Bakken Shale crude oil volumes would ship to the west, east and even up north into Canada and back into the US again as producers and pipeline operators target alternative routes if the Dakota Access Pipeline is shuttered, even temporarily, according to industry sources. A federal court could decide as soon as April 9 whether the Bakken Shale s main crude artery is forced to close, dispersing the volumes from the four-year-old, 570,000 b/d pipeline to other existing pipelines, lightly used crude-by-rail networks, and trucking routes, and widening Bakken crude price discounts. If the Energy Transfer-operated pipeline is o
The natural gas storage report from the EIA for the week ending April 2nd indicated that the amount of natural gas held in underground storage in the US rose by 20 billion cubic feet to 1,784 billion cubic feet by the end of the week, which left our gas supplies 235 billion cubic feet, or 11.6% below the 2,019 billion cubic feet that were in storage on April 2nd of last year, and 36 billion cubic feet, or 1.3% below the five-year average of 1,808 billion cubic feet of natural gas that have been in storage as of the 2nd of April in recent years..the 20 billion cubic feet that were added to US natural gas storage this week was less than the average forecast of a 27 billion cubic foot addition from an S&P Global Platts survey of analysts, and was also less than the 30 billion cubic feet added to natural gas storage during the corresponding week of a year earlier, but was well more than the average addition of 8 billion cubic feet of natural gas that have typically been injected into nat
Why Biden Should Cancel the Dakota Access Pipeline newrepublic.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from newrepublic.com Daily Mail and Mail on Sunday newspapers.
Ecoark Looking to Power Cryptocurrency Mining with Constrained Natural Gas
San Antonio-based Ecoark Holdings Inc. plans to begin beta testing a cryptocurrency mining approach in May that would be powered by natural gas that is constrained by a lack of infrastructure.
The diversified holdings company established a strategic initiatives team in February to analyze ways to deploy capital for the test project. Led by CFO Brad Hoagland, the team is looking at opportunities related to environmental, social and governance initiatives that would reduce emissions.
“By redirecting power back to the grid when green sources of energy production are unable to supply the required load, we alleviate grid pressure and help fill gaps that currently hinder the growth of green energy technologies,” said Hoagland.
by Bloomberg
|Friday, April 09, 2021
A U.S. Army Corps of Engineers official has told tribal advocates it doesn t plan to announce a shutdown of Energy Transfer LP s Dakota Access oil pipeline during a key court hearing planned for later on Friday.
(Bloomberg) A U.S. Army Corps of Engineers official has told tribal advocates it doesn’t plan to announce a shutdown of Energy Transfer LP’s Dakota Access oil pipeline during a key court hearing planned for later on Friday.
The official, Stacey Jensen, made the announcement during a call with pipeline opponents Thursday, said Dallas Goldtooth, an official with the Indigenous Environmental Network.