What Buffet would have made would have been peanuts compared to what the oil companies would have made. I have been against it since day one. Who in
their right mind would allow a foreign oil company to run a pipeline all the way across America.
"I had reason for optimism before the election that the president would approve it, were he re-elected, but his speech the other day was not encouraging," Finance Minister Jim Flaherty told Reuters at the World Economic Forum in Davos.
"We will go wherever we have to go. We are going to create markets for Canadian commodities," Flaherty said. Asked how fast such plans could be put in motion, he said: "We'll do it quickly. We have major projects right now on our agenda and we will encourage them."
Originally posted by nwtrucker
reply to post by buster2010
Besides, my issue is the monopoly by the railroads. They already have a lock on coal transportation and the "free enterprise system" works best with competition. Pipelines are competitors for the railways.
It's also cheaper and safer to use pipelines than railways.
The oil companies will get their "profits" whether the crude is transported by rail or pipeline.
Overall, IMHO, the pipeline offers cheaper products for the end user, thee and me, than giving the railroads a lock on transportation.edit on 2-2-2013 by nwtrucker because: spelling errorsedit on 2-2-2013 by nwtrucker because: grammar error
Maybe the only ones who would tangle with a very well controlled "good old boy network". Maybe 'foreign' investor is what is needed. They hire U.S. workers, are obliged to follow U.S. law, we transport U.S., as well as. Canadian oil to U.S. refineries. (certianly better than middle east crude...hello?)
The nation's more than two million miles of pipelines safely deliver trillions of cubic feet of natural gas and hundreds of billions of ton/miles of liquid petroleum products each year. They are essential: the volumes of energy products they move are well beyond the capacity of other forms of transportation. It would take a constant line of tanker trucks, about 750 per day, loading up and moving out every two minutes, 24 hours a day, seven days a week, to move the volume of even a modest pipeline. The railroad-equivalent of this single pipeline would be a train of 75 2,000-barrel tank rail cars everyday. These alternatives would require many times the people to deliver, would clog the air with engine pollutants and would be prohibitively expensive - in addition, they would add congestion to our already crowded roads and rails.
