Exxon Mobil Says Transition From Oil Is Century Away

May 28th, 2009 by Murali Venkatesh

Exxon Mobil Corp., the world’s largest refiner, said the transition away from oil-derived fuels is probably 100 years away.

Petroleum-based fuels including gasoline and diesel, as well as hydrocarbons such as coal and natural gas, will remain the dominant sources of energy for factories, offices, homes and cars for decades because there are no viable alternatives, Chief Executive Officer Rex Tillerson told reporters today after Exxon Mobil’s annual shareholders meeting in Dallas.

In the U.S., which burns a quarter of global oil supplies, consumers probably face higher fuel prices if lawmakers impose greenhouse-gas rules that inflate fuel-production costs, Tillerson said. A plan introduced by Democrats this month would allocate a limited number of emission credits to refiners and electricity producers, with the aim of curbing greenhouse gases.

“The oil-gas-refining side of the business received a very, very small amount of the allocations, which means that sector will bear more of the costs more immediately,” Tillerson said. “If we’re going to place a price on carbon, let’s do that in the most efficient way. A carbon tax is more efficient than a tax that’s applied by way of a cap-and-trade mechanism.”

Tillerson, 57, said lawmakers are hurrying to restrict greenhouse gases when many scientific questions surrounding the global warming issue remain unresolved.

From Bloomberg News.

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North America Pipelines map - Crude Oil (petroleum) pipelines - Natural Gas pipelines - Products pipelines

May 3rd, 2009 by Murali Venkatesh

The following map shows pipelines in North America, including cross-border, international pipelines which originate or end in North American countries. You can click the map to see an enlarged version. The pipeline routes on the map are labeled with the codes that are explained in separate tables. These tables, together with more detailed maps of groups of countries, can be accessed through the following links. On the maps and table, pipeline label codes are colored green for oil, red for gas and blue for products, such as gasolene and ethylene. The diameter, length and capacity of the pipelines, if known, are shown on the tables.

Click here to see the detail Map of US and Canada

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