Wednesday, August 27, 2014 12:43:15 PM
STWA Market Watch:
America’s Bright Energy Future
In January of this year the Washington Post’s David Ignatius penned a clear-eyed and strongly optimistic opinion piece about what he called the “ridiculously upbeat story” of America’s unexpectedly strong energy position in the world. Unlike much of the news media’s typical coverage of the oil and gas industry, this former Wall Street Journal reporter, novelist and International Committee for Foreign Journalism lifetime achievement award recipient is able to connect the dots across the full spectrum of the energy landscape.
During the past half year since its publication, events have done nothing except prove out his assertions that the U.S. energy boom will continue unabated. See if you agree with Ignatius that on “nearly every front, America’s energy prospects have improved in ways that would have been unimaginable just a decade ago.”
Click to read the full article at Washington Post
Enbridge Sending More Oil to U.S. By Diverting Flow of Alberta Clipper Pipeline
Enbridge Energy has announced it will spend $200 million to boost the capacity of its 1,000-mile Alberta Clipper pipeline, providing the Calgary-based firm with the ability to increase shipments of oil across Minnesota by 27 percent to 570,000 barrels per day. The uptick in delivery capacity of oil sands crude will be accomplished by temporarily switching the flow of two parallel pipelines on a 17.5-mile segment across the U.S. border, keeping its operations within existing U.S. State Department permits. The interconnection under construction is just one and a half miles north of the Canada-U.S. border, which will divert the Alberta Clipper oil onto an older, nearby pipeline, known as Line 3.
In addition to circumventing lengthy delays caused by an unfinished U.S. State Department environmental review[color=red][/color], Enbridge has sidestepped the presidential permitting process that has held up TransCanada’s Keystone XL pipeline. Officials with Enbridge added that the Alberta Clipper could potentially increase capacity to 800,000 barrels per day sometime in 2015 following a second expansion in Minnesota to add more pumps.
Also awaiting approval is an expansion of the Trans Mountain pipeline owned and operated by Kinder Morgan which carries Alberta oil sands crude to Canada's Pacific Coast. Canadian regulators recently announced their evaluation of the project has been delayed until 2016.
Read the article on the Minneapolis Star Tribune
Africa Oil State Hooked on U.S. Fuel
In a dramatic reversal indicative of America’s resurgence as an energy producer, the African nation of Nigeria, once an exporter of oil to the United States, has become dependent on refined petroleum products imported from Texas refineries. According to Department of Energy data (see chart below), exports of U.S. gasoline and kerosene shipped to Nigeria are now roughly equal to what America imports from the West African nation. Nigerian crude now accounts for only 2 percent of total U.S. oil imports, down from 7 percent in 2011.
The decline of Nigerian oil exports largely neutralizes its importance in setting world oil prices and greatly reduces U.S. concerns about supply disruptions caused by political instability or attacks by militants against oil companies that have occurred routinely in the Niger Delta.
Click to read the full article at Bloomberg.com
Read our SEC filings at http://ir.stockpr.com/stwa/all-sec-filings and subscribe to Email Alerts at http://ir.stockpr.com/stwa/email-alerts to receive company news and shareholder updates.
As always, we thank you for your support and look forward to your continued comments.
Best regards,
Greggory Bigger
Chief Executive Officer, Chairman of the Board
STWA, Inc.
Recent TRP News
- TC Energy provides results of Series 7 Shares conversion elections • GlobeNewswire Inc. • 04/23/2024 11:30:20 AM
- TC Energy to issue first quarter 2024 results on May 3 and hold annual and special meeting of common shareholders on June 4 • GlobeNewswire Inc. • 04/16/2024 11:17:27 AM
- TC Energy appoints Sean O’Donnell as Executive Vice-President and Chief Financial Officer • GlobeNewswire Inc. • 04/03/2024 10:45:14 AM
- TC Energy provides conversion right and dividend rate notice for Series 7 and 8 preferred shares • GlobeNewswire Inc. • 04/01/2024 09:00:22 PM
- TC Energy enters agreement to sell Prince Rupert Gas Transmission entities to Nisga’a Nation and Western LNG • GlobeNewswire Inc. • 03/14/2024 09:00:55 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 03/04/2024 03:51:15 PM
- TC Energy announces sale of Portland Natural Gas Transmission System • GlobeNewswire Inc. • 03/04/2024 11:45:00 AM
- TC Energy files 2023 annual disclosure documents • GlobeNewswire Inc. • 02/16/2024 01:10:35 PM
- TC Energy declares quarterly dividends • GlobeNewswire Inc. • 02/16/2024 11:35:02 AM
- TC Energy reports record 2023 operating and financial results driven by solid execution • GlobeNewswire Inc. • 02/16/2024 11:30:49 AM
- U.S. Futures Display Volatility Amid Economic Data Anticipation, Oil Prices Decline • IH Market News • 02/16/2024 11:09:43 AM
- TC Energy to issue fourth quarter 2023 results on Feb. 16 • GlobeNewswire Inc. • 01/26/2024 10:00:30 PM
- Made-in-Ontario Pumped Storage will enhance province’s energy supply mix • GlobeNewswire Inc. • 01/11/2024 09:10:25 PM
- TC Energy updates growth outlook, reinforces balance sheet discipline and highlights South Bow spinoff benefits at 2023 Investor Day • GlobeNewswire Inc. • 11/28/2023 11:00:12 AM
- TC Energy 2023 Investor Day event to be webcast • GlobeNewswire Inc. • 11/21/2023 10:00:30 PM
- TC Energy declares quarterly dividends • GlobeNewswire Inc. • 11/08/2023 11:35:00 AM
- TC Energy appoints long-standing Board member, John E. Lowe as Chair of the Board • GlobeNewswire Inc. • 11/08/2023 11:31:22 AM
- TC Energy reports strong third quarter 2023 operating and financial results and achieves mechanical completion on Coastal GasLink ahead of target • GlobeNewswire Inc. • 11/08/2023 11:30:39 AM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 10/19/2023 06:26:31 PM
- TC Energy to issue 2023 third quarter results on Nov. 8 • GlobeNewswire Inc. • 10/18/2023 09:00:38 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 10/12/2023 05:49:26 PM
- Distinguished industry leader, Hal Kvisle, named as Board Chair of new Liquids Pipelines Company • GlobeNewswire Inc. • 10/12/2023 11:30:00 AM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 10/05/2023 05:10:53 PM
- TC Energy successfully completes $5.3 billion sale of a 40 per cent non-controlling equity interest in Columbia Gas and Columbia Gulf • GlobeNewswire Inc. • 10/04/2023 08:05:29 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 09/15/2023 03:30:11 PM
Bantec Engaged in a Letter of Intent to Acquire a Small New Jersey Based Manufacturing Company • BANT • May 1, 2024 10:00 AM
Cannabix Technologies to Deliver Breath Logix Alcohol Screening Device to Australia • BLO • Apr 30, 2024 8:53 AM
Hydromer, Inc. Reports Preliminary Unaudited Financial Results for First Quarter 2024 • HYDI • Apr 29, 2024 9:10 AM
Avant Technologies to Implement AI-Empowered, Zero Trust Architecture in Its Data Centers • AVAI • Apr 29, 2024 8:00 AM
Bantec Reports an Over 50 Percent Increase in Sales and Profits in Q1 2024 from Q1 2023 • BANT • Apr 25, 2024 10:00 AM
Cannabix's Breath Logix Alcohol Device Delivers Positive Impact to Private Monitoring Agency in Montana, USA • BLO • Apr 25, 2024 8:52 AM