The Great American Oil And Natural Gas Pipeline Boom
https://www.forbes.com/sites/judeclemente/2019/08/06/the-great-american-oil-and-natural-gas-pipeline-boomAug 6, 2019
Despite some clickbait headlines trying to convince you otherwise, the U.S. oil and natural gas pipeline build-out continues apace
This makes sense: since 2008, U.S. crude oil and gas production have respectively boomed 150% to 12.3 million b/d and 60% to 90 Bcf/d.
Pipelines get approved in the first place because rising usage demands it.
Originating in Texas, we track nearly 40 pipelines covering 11,000 miles either being built or in pre-construction development.
Just a few days ago the DC Circuit Court of Appeals upheld FERC orders approving the 197-mile, 1.7 Bcf/d Atlantic Sunrise Project (connecting PA gas to mid-Atlantic markets), denying numerous objections from anti-gas environmental groups.
The court backed FERC's position of market need for the pipeline, specifically citing evidence that there were contracts for 100% of the capacity.
Indeed, very quietly, the International Energy Agency reports that the U.S. led the world in 2018 for new oil demand (+540,000 b/d) and new gas demand (+7.8 Bcf/d)....
...The EIA is currently tracking over 160 new U.S. gas pipeline projects, with a staggering 113 Bcf/d of capacity....
