January 24, 20179 yr I say we just leave another project 3/4 the way finished and say screw it, go back to $4.00 gas and blame the Saudi's.
January 24, 20179 yr Great news. Every day of this administration gets better and better. The gift that keeps on giving.
January 24, 20179 yr OPEC is trying their hardest to bring back $3.00 gas but due to the NA oil revolution, shale we have their hands tied. This will only further help NA oil power. Anytime we can produce more energy and streamline it, we don't have to rely on the Middle East for it and submit to their profit margins. If you like $2 gas you like this pipeline. Edited January 24, 20179 yr by John Anthony
January 24, 20179 yr I'm very uninformed on this stuff. Can someone give me an unbiased Cliff notes version of what the debate about this is? I can tell you there is a Steel Plant in Wilder, KY that is happy of this possibility. A majority of the plant has been layed off because projects like this being put on hold and projects that could possibly connect to it. They make the pipes for these type of projects. I also know they probably won't get any business from pipeline itself. But the business the pipeline creates directly impacts the pipes they make. So if it helps those guys out many who I know and still talk to I'm very happy.
January 24, 20179 yr I say we just leave another project 3/4 the way finished and say screw it, go back to $4.00 gas and blame the Saudi's. Why do you think this will have an impact on prices we pay at the pump? The crude oil is getting to the refineries today, right? It's just coming in at a higher cost. I've read it costs about $7 more per barrel to ship by train that it will through the pipeline. So it will give more profits to the producers but will it increase supply?
January 24, 20179 yr One of the companies who stands to benefit greatly from this pipeline is Energy Transfer Partners. Any of these board members jump out at you? Key People Energy Transfer Partners L.P. Board of Directors Name/Title Current Board Membership Kelcy L. Warren, 60 Chairman & Chief Executive Officer Energy Transfer Partners LP Matthew S. Ramsey, 60 President, Chief Operating Officer & Director Energy Transfer Partners LP Richard D. Brannon, Director Energy Transfer Partners LP James Rick Perry, 65 Director Energy Transfer Partners LP David K. Skidmore, 60 Director Energy Transfer Partners LP Marshall S. McCrea, 56 Director Energy Transfer Partners LP Michael K. Grimm, 61 Independent Director Energy Transfer Partners LP Ted Collins, 77 Independent Director Energy Transfer Partners LP
January 25, 20179 yr Didn't we take land from the Indians once before, or am I missing something? Not once did I ever see anyone complain about it on twitter or facebook or any other social media the last time it happened.
January 25, 20179 yr Why do you think this will have an impact on prices we pay at the pump? The crude oil is getting to the refineries today, right? It's just coming in at a higher cost. I've read it costs about $7 more per barrel to ship by train that it will through the pipeline. So it will give more profits to the producers but will it increase supply? @John Anthony hit the nail on the head in post 19.
January 25, 20179 yr @John Anthony hit the nail on the head in post 19. I don't think he did. He did IF the demand rises AND production rises. It would also be true IF the oil we're talking about was NOT able to get to the refineries today. That's not the case. Never has been. So tell me how the faster, cheaper way of getting the crude to the refinery is going to help us at the pump. Also tell me the downside to low oil prices when it comes to producing oil.
January 25, 20179 yr What I gather from this thread is this pipeline will 1. Produce cheaper gas. 2. Produce jobs. 3. Reduce need of foreign oil. Cool. If those things happen I'm all for it. If they don't we have a possible environmental disaster that just made big oil richer. Awesome :(
January 25, 20179 yr What I gather from this thread is this pipeline will 1. Produce cheaper gas. 2. Produce jobs. 3. Reduce need of foreign oil. Cool. If those things happen I'm all for it. If they don't we have a possible environmental disaster that just made big oil richer. Awesome :( I would argue the only definite is that some jobs will be/have already been produced. Oil companies just don't produce more oil because there's a new pipeline. No one has said why we will have more oil production or how the prices of gas will come down at the current levels of production due to the pipeline.
January 25, 20179 yr So, the benefit of these pipelines is just more profit for oil companies? That is one of the definites. There will be temporary construction jobs as well. Areas will receive property tax money. It will be (most likely) safer than rail transportation. It will be faster transportation. It will be cheaper transportation. Those are the definites. The rest has a whole list of "yeah IF..." to go with it before they are true and right now those "ifs" do not exist.
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