Big Oil’s Bait and Switch

U.S. Running Out Of Oil Storage? Blame Canada

http://www.msn.com/en-us/money/companies/us-running-out-of-oil-storage-blame-canada/ar-BBidX13?ocid=U146DHP
Oil storage tanks are filling up. There’s a concern, highlighted by this AP story yesterday, that sometime in April U.S. storage could hit “tank tops.” With too much oil and not enough places to put it, the natural market response would be for the price of crude to plummet, maybe even down into the $20 range, deepening the nightmare for America’s frackers and possibly catalyzing a round of defaults and bankruptcies.
At first glance the reasons for the buildup in oil storage seems obvious. America’s oil companies are simply fracking out too much light, sweet crude, right? They are. But that’s not the cause of the glut at the storage hub in Cushing, Okla. A report out this week from the Energy Aspects consultancy explains that the issue is more complicated than that. Blame Canada.
Energy Aspects says that it’s not the American frackers at all. Rather the culprit is barrels of heavy Canadian crude backing up there on their way to Houston.
In November, pipeline company Enbridge started up its $3 billion Flanagan South pipeline. The line originates in Pontiac, Michigan and carries about 550,000 bpd of oil across Illinois, Missouri, Kansas and down to Cushing.
Flanagan South was a watershed project because it accomplishes what Keystone XL was supposed to — creates the first high-volume, direct connection between the heavy oil fields of western Canada and America’s refining megaplex on the Gulf Coast. The only material difference between the two: Keystone would go right over the U.S.-Canada border (and thus require State Dept. approvals), while Flanagan picks up oil that a separate pipeline brings in to Pontiac.
When this heavy oil gets to Cushing, customers paying to send their oil on the line (called “shippers”) have the option of storing it for a time at the hub, or sending it on down to the Gulf via the newly completed Seaway Twin pipeline, owned by Enbridge and Enterprise Products Partners.
If prices were higher for the heavy Canadian crude, those shippers might prefer to send it straight down Seaway. But because of the “contango” situation in the oil markets now — where the price of oil for delivery six months from now is higher than the current spot price — these shippers would rather store it and wait.
Energy Aspects notes that since Flanagan started up in late November it has delivered about 33 million barrels into Cushing, while the Seaway Twin has only taken 15 million of those on down to Houston, leaving 18 million extra parked in Cushing, which has about 75 million barrels of total storage capacity.

In addition to contango incentivizing storage, the heavy Canadian oil is competing with even cheaper heavy and medium grades from Mexico and Brazil, as well as a new slug of medium, sour production out of the deepwater Gulf of Mexico. Why are those crudes cheaper? Because as tight as storage is getting at Cushing, it’s even tighter in the Atlantic basin, with shippers even chartering out supertankers to store their oil on the high seas.
It hasn’t helped matters that Gulf Coast refineries have been hit by unplanned outages such as a labor union strike, which reduced demand. With so much cheap oil right now, U.S. refiners will be running their plants full out.
Will there be buyers though? China’s imports of petroleum products in January were reportedly down by nearly half from a year ago as its own refineries expand. The Saudis have also started up their Yanbu refinery. And even beleaguered European refineries have been ramping up to make some rare profits from cheap oil.
So with weak demand it looks like U.S. oil storage will just keep filling up. The good thing is that outside of Cushing there’s still some room. According to the U.S. Energy Information Administration, 60% of total U.S. oil storage is currently filled, compared with 48% a year ago. Cushing, they say, is 67% filled. Drillers should count on some tough weeks ahead for oil prices.

Listen Saturday’s from 11am-1pm to WC Turck, Brian Murray and guests on Chicago’s real alternative media, AM1680, Q4 radio, streaming at www.que4.org.
CAM00236WC Turck is an author, artist, playwright and talk radio host in Chicago. He has been called the most dangerous voice on the Left. His new book “Shoot Down: is an unflinching look at the events leading up to the shooting down of Malaysia Air Flight 17.” His first novel, “Broken” was recommended by NAMI for its treatment of PTSD. In 2006 he published “Everything for Love,” a memoir of his experiences during the siege of Sarajevo. He wrote and produced two critically acclaimed plays, “Occupy my Heart” and “The People’s Republic of Edward Snowden.” He works with the homeless and foreclosure victims in Chicago. He partners in a weekly radio show dedicated to issues, society and politics with cohost, activist and artist Brian Murray For more information, past shows, videos and articles, visit www.revolutioandbeer.com


The Illinois Policy Institute (IPI) is a conservative think tank with offices in Chicago and Springfield, Illinois, and member of the State Policy Network. IPI is a member of the American Legislative Exchange Council (ALEC) as of 2011. IPI is also a member of ALEC’s Health and Human Services Task Force and Education Task Force. Senior Budget and Tax Policy Analyst, Amanda Griffin-Johnson, presented model legislation (the “State Employee Health Savings Account Act”) to the HHS task force at ALEC’s 2011 annual meeting.[4] Collin Hitt, Director of Education Policy, is a private sector member of the Education Task Force representing IPI. He sponsored the “Local Government Transparency Act” at the ALEC 2011 States and Nation Policy Summit. In its 2006 annual report the Cato Institute states that it made a grant of $50,000 to the Illinois Policy Institute. The Cato Institute is a libertarian think tank founded by Charles G. Koch and funded by the Koch brothers.

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Escape to the Future

Let’s face it, the present sucks, so I am escaping to the future. Not far in the future, but far enough that the present past doesn’t piss me off. That way I can look back on the present in the future and remember the present later with a certain whimsical melancholia. It’s okay, I get to look back on Governor Rauner in Illinois before he went to jail. For all of you in the present0-past, keep watching in the next 6 months, you’ll know what I’m talking about. Wink-Wink. I’ll recall with a mischievous smirk a time before Sarah Palin looked, after massive tucks and plastic surgery, like the love child of a post mortem Nancy Reagan and Chucky from that Child’s Play horror movie.

I shouldn’t give away too much. I went back to the present recently and let slip a billion dollar mega-ball jackpot to a couple of friends. Well, they played those numbers and started a dictatorship by forcing everyone to dress in Star Trek outfits. then they started a religion around William Shatner and marched across new England until all Dr. Who fans were in brutally horrid concentration camps guarded by thickly brogue-ished guards all cruelly named Scottie. So I returned and emailed the numbers to a half billion people. Future saved.

A few of the other surprises:

1.Afghanistan is now the new silicon valley of southern Asia, with real estate prices Jim Buffet could barely afford.
2. Jimmy Buffet is still alive many years into the future, finding a secret elixir.
3. Henry Kissinger also is apparently immortal, although, it seems, after a barter deal with Satan.
4. Rush Limbaugh’s passing…well, it saved him the indignity of a trial.
5. ISIS, after a long a terrible war now controls a greater share of the online shopping market than Amazon.
The Olsen Twins became California’s first twin governor.
6. The nation of Comcast won a blood 14 year war against Google, but was destroyed in a suicide attack by the sovereign republic of Netflix

Hardly anyone expected that once robots became self-aware, long about 2023, they just couldn’t stand us and left for the stars, leaving humanity with all the retarded robots as torture, such as those annoying robot dogs and dinosaurs. as for the 2016 presidential race: You knew. We all sort of knew. Didn’t we? 2024, however; holy crap, could anyone have predicted that outcome? I do miss winters, but I have a better tan in the future-all year round! I’m writing this in January, and the wife and I are on the patio. It’s 84 degrees, which isn’t bad for Chicago in January these days. It’s 4:30am, the coolest part of the day, and I haven’t put out the ice baths for the cats yet.

There’s more. I’ll tell you all about it later. For now the wife and I are off to North Korea for vacation. Oh, it’s a hedonists paradise now, not like the People’s Republic of Canada. Until them my present-past friends, from the future, well…later.


Listen Saturday’s from 11am-1pm to WC Turck, Brian Murray and guests on Chicago’s real alternative media, AM1680, Q4 radio, streaming at www.que4.org.
CAM00236WC Turck is an author, artist, playwright and talk radio host in Chicago. He has been called the most dangerous voice on the Left. His new book “Shoot Down: is an unflinching look at the events leading up to the shooting down of Malaysia Air Flight 17.” His first novel, “Broken” was recommended by NAMI for its treatment of PTSD. In 2006 he published “Everything for Love,” a memoir of his experiences during the siege of Sarajevo. He wrote and produced two critically acclaimed plays, “Occupy my Heart” and “The People’s Republic of Edward Snowden.” He works with the homeless and foreclosure victims in Chicago. He partners in a weekly radio show dedicated to issues, society and politics with cohost, activist and artist Brian Murray For more information, past shows, videos and articles, visit www.revolutioandbeer.com


The Illinois Policy Institute (IPI) is a conservative think tank with offices in Chicago and Springfield, Illinois, and member of the State Policy Network. IPI is a member of the American Legislative Exchange Council (ALEC) as of 2011. IPI is also a member of ALEC’s Health and Human Services Task Force and Education Task Force. Senior Budget and Tax Policy Analyst, Amanda Griffin-Johnson, presented model legislation (the “State Employee Health Savings Account Act”) to the HHS task force at ALEC’s 2011 annual meeting.[4] Collin Hitt, Director of Education Policy, is a private sector member of the Education Task Force representing IPI. He sponsored the “Local Government Transparency Act” at the ALEC 2011 States and Nation Policy Summit. In its 2006 annual report the Cato Institute states that it made a grant of $50,000 to the Illinois Policy Institute. The Cato Institute is a libertarian think tank founded by Charles G. Koch and funded by the Koch brothers.

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Climate Criminals

It’s time to treat Climate Deniers as international criminals and issue warrents for their arrest. Start with Rush Limbaugh and James Inhofe. Fracking and oil lobbyists.

http://www.msn.com/en-us/news/technology/an-arctic-ice-cap%e2%80%99s-shockingly-rapid-slide-into-the-sea/ar-AA8wgqG?ocid=U146DHP

http://blog.heartland.org/2015/01/sen-inhofe-uses-heartland-poster-to-debunk-climate-alarmism/

Listen Saturday’s from 11am-1pm to WC Turck, Brian Murray and guests on Chicago’s real alternative media, AM1680, Q4 radio, streaming at www.que4.org.
CAM00236WC Turck is an author, artist, playwright and talk radio host in Chicago. He has been called the most dangerous voice on the Left. He is currently working on a new book “Shoot Down: An unflinching look at the events leading up to the shooting down of Malaysia Air Flight 17.” His first novel, “Broken” was recommended by NAMI for its treatment of PTSD. In 2006 he published “Everything for Love,” a memoir of his experiences during the siege of Sarajevo. He wrote and produced two critically acclaimed plays, “Occupy my Heart” and “The People’s Republic of Edward Snowden.” He works with the homeless and foreclosure victims in Chicago. He partners in a weekly radio show dedicated to issues, society and politics with cohost, activist and artist Brian Murray For more information, past shows, videos and articles, visit www.revolutioandbeer.com


The Illinois Policy Institute (IPI) is a conservative think tank with offices in Chicago and Springfield, Illinois, and member of the State Policy Network. IPI is a member of the American Legislative Exchange Council (ALEC) as of 2011. IPI is also a member of ALEC’s Health and Human Services Task Force and Education Task Force. Senior Budget and Tax Policy Analyst, Amanda Griffin-Johnson, presented model legislation (the “State Employee Health Savings Account Act”) to the HHS task force at ALEC’s 2011 annual meeting.[4] Collin Hitt, Director of Education Policy, is a private sector member of the Education Task Force representing IPI. He sponsored the “Local Government Transparency Act” at the ALEC 2011 States and Nation Policy Summit. In its 2006 annual report the Cato Institute states that it made a grant of $50,000 to the Illinois Policy Institute. The Cato Institute is a libertarian think tank founded by Charles G. Koch and funded by the Koch brothers.

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I Love Ebola!

I know that democrats, Republicans and corporations love Ebola as well. In fact, they love it so much, they are counting on you to fear it, become obsessed by it and ignore everything else they are sliding by you while their media dangles the shiny keys of the Ebola crisis in your face. Here is the short list of things they want you to forget about:

1. Trans Pacific partnership: This trade agreement will override the constitution, negate congressional oversight, reverse gains on the environmental front and loot the US treasury in favor of corporations. Obama wants to fast track ratification after the election.

2. XL keystone Pipeline: The administration put off a vote on this until after the mid terms. The US will see minimal job gains; in the dozens, not hundreds or thousands. The US will see no benefit in lower gas and oil prices. We are essentially the mule for Canada’s dirty fuel which will ultimately be shipped overseas. The Koch brothers will, however, reap tens of billions.

3. Fracking: With the US essentially a pin cushion for frackers communities are being deprived of water, contamination is on the increase, communities are endangered by radioactive waste from fracking, and earthquakes are on the rise in places that have never seen earthquakes before, like Ohio and Arkansas.

4. ISIS The cost not the war: estimates are for $40 billion annually. Pentagon sources say we could be at war with ISIS for 40 years. Sounds like someone is thinking of long term profits. By last count ISIS was thirty thousand men or so. How did we beat the Germans and Japanese simultaneously in the Second World War with a combined force of about 25 million soldiers?

5. The economy: The administration has hit the markers on traditional economic metrics in the economy, like the stock market and the unemployment numbers. The real indicators are private debt, savings and consumer spending. One is way up and two are way down. 85% of the stock market is is controlled by the top 10% earners in the nation. Your 401k, and those of a hundred million other working class Americans is merely the lubricant to the market and represents a miniscule fraction of the market. What they really want is to get a hold of your Social Security. Think of that the next time you are trying to afford the heating bill and there is one of those regular market corrections!

6. Police Militarization: The issue came to light nationally out of the Ferguson issue. A debate on the militarization and growing brutality of the police was just beginning to take shape in the country right about the time the CDC flew home an Ebola patient. A month later the first patient trundles into a Dallas emergency room. Suddenly Ebola is the greatest threat to the union.

That’s just the short list. There are many more things you should be concerned about before Ebola. I didn’t get to government spying, foreclosures, the banks, the next Attorney general, Global Warming, racism, manipulation of gas and oil prices by the government for political gains, global warming induces invasions by insects destroying crops and soil fertility, corporate and special interest interference of the education system, privatization of government services that drive up the cost and inefficiency of government, and more than $1 trillion in subsidies and tax forgiveness to corporations.

If 50,000 people had Ebola your chances, in a country of 380 million, of catching it would be slightly better than winning the lottery. The wife and I have been playing Lotto for about 10 years, 2 tickets per week and haven’t won a penny. The government says that you can only catch it from exposure to an infected person’s feces…never going to be a problem…having someone vomit on you…avoid that…and blood…if you are living in a Law and Order episode! Relax America. There are even worse diseases that are far more common. Heart disease and strokes kill almost a million annually, mostly because people eat way too much fat and salt, but I don’t see authorities setting up checkpoints to confiscate contraband packs of Kraft Mac N Cheese!


CAM00236WC Turck is an author, artist, playwright and talk radio host in Chicago. He has been called the most dangerous voice on the Left. He is currently working on a new book “Shoot Down: An unflinching look at the events leading up to the shooting down of Malaysia Air Flight 17.” His first novel, “Broken” was recommended by NAMI for its treatment of PTSD. In 2006 he published “Everything for Love,” a memoir of his experiences during the siege of Sarajevo. He wrote and produced two critically acclaimed plays, “Occupy my Heart” and “The People’s Republic of Edward Snowden.” He works with the homeless and foreclosure victims in Chicago. He partners in a weekly radio show dedicated to issues, society and politics with cohost, activist and artist Brian Murray For more information, past shows, videos and articles, visit www.revolutioandbeer.com

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The Nature Trigger, Global Climate Change and Fate

A series of stories are leading to a disturbing conclusion that nature may not be an ally, but an all too willing partner in the coming Global Climate Catastrophe, at least as far as human civilization is concerned. More and more evidence is coming to light that as human accelerated Global Warming, Or Anthropogenic Global Warming, AGW, environmental thresholds are reached. Each of these thresholds marks a tripwire in which the environment itself becomes the driver in AGW. Rather like a campfire which grows to become a firestorm, out of control, wholly independent and feeding itself from multiple sources, in which the terrain, atmosphere and forest (or homes) all become partners in the process.

Recent articles in earthtimes.org and Nature discussed the accelerated expulsion of carbon from the soil as Global temperatures increase. 2014 was the hottest year in recorded history. It is evidence that those thresholds or triggers are being reached. In the Nature article, Temperature sensitivity of soil respiration rates enhanced by microbial community response, taken from a number of studies discusses findings that “warming induced stimulation of soil microbial respiration rates could increase soil carbon dioxide emissions and hence induce a positive climate feedback effect…” and that, “…substantial carbon stores in Arctic and boreal soils could be more vulnerable to climate warming than currently predicted.” In other words the environment maintains stores of carbon which would otherwise be loosed to the atmosphere, making it warmer and less hospitable to life.

Satellite imagery recorded a record low in Arctic Sea ice in 2012. This year, due to continuing record low levels of sea ice more than 35,000 walrus came ashore in Alaska. The phenomenon was first reported in 2007, but the numbers this year are unprecedented. Alaska in 2014 recorded an unusually warm winter. Additional evidence also has emerged from previously unrealized effects of global climate change in Greenland which shows it is more vulnerable than previously believed. It is estimated that melting of Greenland glaciers releases 200gigatons of fresh water into the oceans annually. Antarctic is melting at a vastly accelerated rate as well, and though sea ice covers a wider area around Antarctic this year, it is feared that warming of the continent has spread ice over the wider area. There is also concern that it is the result of fresh water melting from glaciers. Fresh water freezes much easier than salt water. Fresh water and Sea water do not mix, but instead form layers and disrupts currents which in turn drives and affects weather. Rising sea levels will also impact aquifers, contaminating ground water essential for human consumption, crops and livestock. One can imagine the ramifications to society, the economy and instability worldwide.

Rush Limbaugh yesterday was cheering the absence of hurricanes striking Florida in the last 9 years, ignoring, of course, hurricane Sandy and other powerful storms striking Mexico or affecting the Atlantic. Lost to Limbaugh, and others how think narrowly in terms of the weather exactly where they are standing, is an alarming warming of the Atlantic ocean, and the historic super storms in the Pacific, like Hayan and VongFong, the two most powerful storms ever recorded on earth. Cancun was devastated by hurricane Wilma in 2005. This year hurricane Odile, the most intense cyclone to hit the region on in more than 4 decades, pummeled Cabo san Lucas.

Humanity has its own tripwires. We, as a species, are beyond the point of addressing Global Climate Change and now must look to adaptation. If we fail to heed that warning, the next may be survival, a partnership and community enterprise mankind shows itself daily to be incapable of doing rationally. The point here is not to create panic or hopelessness, but engender a deeper understanding of the supreme balance that allows for life to exist on this planet, and which allows for human life to exist. The evidence is clear, that with each passing day the planet reaches and crosses thresholds. With each line, each trigger we lose the chance to chart our own fate and instead enter into the disastrous realm of the unknown in which calamity and the chaos of global climate change decides our fate instead.


CAM00236WC Turck is an author, artist, playwright and talk radio host in Chicago. He has been called the most dangerous voice on the Left. He is currently working on a new book “Shoot Down: An unflinching look at the events leading up to the shooting down of Malaysia Air Flight 17.” His first novel, “Broken” was recommended by NAMI for its treatment of PTSD. In 2006 he published “Everything for Love,” a memoir of his experiences during the siege of Sarajevo. He wrote and produced two critically acclaimed plays, “Occupy my Heart” and “The People’s Republic of Edward Snowden.” He works with the homeless and foreclosure victims in Chicago. He partners in a weekly radio show dedicated to issues, society and politics with cohost, activist and artist Brian Murray For more information, past shows, videos and articles, visit www.revolutioandbeer.com

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Europe, Ukraine, Gas and the superpower sandwich. A new rant from the FILTHY PUNDIT (He ought to have his mouth washed out with soap)

Did Europe just become the bitch to the United States over the issue of gas exports from Russia? That’s how things are beginning to look as winter approaches and the disruption of gas from Russia amid the Ukraine crisis could lead to higher fuel costs and crash the EU’s already sluggish climb out of recession. Yesterday a semi-fossilized Senator John McCain said that he is working on a plan to alleviate Europe’s gas concerns within 2 years. Russia and the US have been using Ukraine’s strife in a gas and oil grab. The US targets the gas rich northeast region and Russia got huge reserves off the Crimean Black Sea coast. They could give a shit for Ukraine’s independence of the glorious ascendency of ethnic Russians in Crimea. It is about the oil. It’s always about the oil. The US could care less about Russian trade, which this country can piss away in a day of spending, but to the Europeans, particularly for winter heating gas that trade is sort of important. Unless you think its a good thing to freeze off some old Euro-grandmas? The US has pushed trade sanctions hard, using the emotion of the crash of MH-17 to drill it home and turn Europe from an emerging power broker and player in the Ukraine issue into a beggar unsure whether to kick the dead of the Malaysian crash and fuck over Ukraine’s EU aspirations by sucking Russian dick over gas to protect its economy, or if it should bend over and take it in the ass from the United States and hope for a half-hearted reach-around, likely by McCain. Either way, for the Europeans, and the Ukrainians, being trapped in the middle between to bigger and more powerful pimps like Russia and the US means eventually you are going to have to blow someone. Now how is that for cogent analysis of complex international and geo-political topics?

CAM00236WC Turck is an author, artist, playwright and talk radio host in Chicago. He has been called the most dangerous voice on the Left. He is currently working on a new book “Shoot Down: An unflinching look at the events leading up to the shooting down of Malaysia Air Flight 17.” His first novel, “Broken” was recommended by NAMI for its treatment of PTSD. In 2006 he published “Everything for Love,” a memoir of his experiences during the siege of Sarajevo. He wrote and produced two critically acclaimed plays, “Occupy my Heart” and “The People’s Republic of Edward Snowden.” He works with the homeless and foreclosure victims in Chicago. He partners in a weekly radio show dedicated to issues, society and politics with cohost, activist and artist Brian Murray For more information, past shows, videos and articles, visit www.revolutioandbeer.com

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