Replies to post #4322 on The Rising Influence of Rising Affluence

[DewDiligence]

The WSJ article in question is the one referenced in #msg-72087006. Regards, Dew

[OakesCS]

http://opsweb.phmsa.dot.gov/pipelineforum/docs/Role_of_Energy_Pipelines_and_Research_FINAL.pdf
pg 18 shows a schematic of crude and refined product pipelines (separately)

http://www.pipeline101.com/reports/Notes.pdf
pg 8 similar but color coded by source

note that most of the stuff from ND and western Canada is headed for Chicago area, WY, CO, Utah (and eventually CA), and southern Illinois/Indiana rather than Cushing.

slide 11 more narrowly browken down to upper plains, rocky mtn area
http://www.nd.gov/ndic/ogrp/info/g-010-019finter.pdf

specific to ND
https://www.dmr.nd.gov/pipeline/assets/maps/ND%20Crude%20Oil%20Map.pdf
https://www.dmr.nd.gov/pipeline/assets/maps/ND%20Products%20Map.pdf

i managed to lose the map that showed the discount to destination relative to WTI from western ND but whenever the map was made (I'm going from memory) it was ~ -$3.5 for Billings or Casper; ~ -$2 for MN/Chicago ; 0 to Cushing; and ~+$3 for St Charles. Obviously prices are now different but the general scheme is the same. I believe the oil is paid for at the refinery and all of this is part of the reason for not investing in refiners (as an oil company or an individual)