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The Druzhba pipeline is the worlds longest pipeline and in fact one of the biggest pipeline networks in the world. The name Druzhba means friendship.

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What is the performance of the oil and gas pipeline ETF in the current market?

The performance of the oil and gas pipeline ETF in the current market is fluctuating due to various factors such as oil prices, demand for energy, and economic conditions. It is recommended to closely monitor the ETF's performance and consult with a financial advisor for personalized advice.


Exactly how much oil is exported from the Alaskan pipeline?

None of it. When the Trans Alaska Pipeline was constructed it was illegal to ship any of the oil from Alaska to other countries. Then during the Clinton Administration when oil was $8 a barrel, that law was changed. For 2 years Alyeska Pipeline Terminal shipped to Japan and South Korea a total of 5 times. They decided that this was not cost effective and now they no longer ship there. This was years ago. Now all the oil goes to refineries in Washington State, California and Hawaii. It provides most of the fuel in the Northwestern States. None of it leaves the country. I have this information because I live in Valdez, Alaska. Where the end of the Trans Alaska Pipeline is located and the oil is shipped from. I receive my information from locals including family members who work at the Alyeska Pipeline Terminal (some of who are managers).


Who receives oil from the Trans-Alaska Pipeline?

I heard from a source long ago, that a large percentage of the oil goes to Japan.Reason being, much greater profit for the oil company, than sending all the oil to the lower 48 states.I hope I'm wrong, but I rather doubt it when it concerns corporate greed.AnswerGood News! You are wrong! When the Trans Alaska Pipeline was constructed it was illegal to ship any of the oil from Alaska to other countries. Then during the Clinton Administration when oil was $8 a barrel, that law was changed. For 2 years Alyeska Pipeline Terminal shipped to Japan and South Korea a total of 5 times. They decided that this was not cost effective and now they no longer ship there. This was years ago. Now all the oil goes to refineries in Washington State, California and Hawaii. It provides most of the fuel in the Northwestern States. None of it leaves the country.I have this information because I live in Valdez, Alaska. Where the end of the Trans Alaska Pipeline is located and the oil is shipped from. I receive my information from locals including family members who work at the Alyeska Pipeline Terminal (some of who are managers).


The United States uses what percent of the worlds oil?

The most recent I could find was 30% in 2007. It may have *dropped* due to the recession since 2008.


How do you make money if you own an oil company?

The Company makes money by: * Buying and selling goil and gas * Pipeline fees * Brokering third a party production * Lease sales As owner you make money by: * Salary for a job * Management fees * Dividends * Bonuses * Stock options

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