The OilSpot News by Schneider Electric
Monday, June 30, 2014 VOLUME 12 ISSUE 612  











Bump Up in Driving Eyed
AAA Projects 1.9% Rise in July 4 Holiday Travel Year over Year

AAA Travel projects 41 million Americans would journey 50 miles or more from home during the Independence Day holiday weekend, a 1.9% increase from the 40.3 million people who traveled last year, and a nearly 14% increase compared to the Memorial Day holiday.
 
AAA said early last week the majority of travelers would celebrate their freedom with a road trip, with 34.8 million, or more than eight in ten choosing to travel by automobile, the highest level since 2007.

[FULL STORY]

US Commerce Department Rules
Eagle Ford Condensate Exports Not Restricted like Crude

The U.S. Department of Commerce said two Eagle Ford condensate producers have been allowed to export the ultralight oil under existing export law without a new license.
 
Commerce spokesman Jim Hock said in a June 24 statement if crude oil is processed it is not considered crude and, as a result, condensate exports are not restricted. Crude exports remain restricted under a 1975 law passed by Congress in the wake of the oil crisis.

[FULL STORY]

New Pipeline under Consideration
Enterprise Eyes Building Crude Pipeline from North Dakota to Cushing

Enterprise Products Partners confirmed June 25 it is considering building a crude oil pipeline from North Dakota to the crude oil hub in Cushing, Oklahoma.
 
The 340,000 bpd pipeline would originate in Stanley, North Dakota, and stretch 1,200 miles to Cushing, according to Rick Rainey, Enterprise spokesman.

[FULL STORY]



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