But there it is: all about the success Enbridge is having.
A major rival to the controversial Keystone XL oil pipeline project is vastly boosting its U.S. pipeline system, but it's avoiding the same scrutiny that federal regulators, environmentalists and landowners are giving Keystone owner TransCanada Corp.It still boggles the mind that TransCanada didn't do the same thing.
Enbridge Inc. is proceeding largely unencumbered with plans to spend $8.8 billion in the U.S. to transport greater volumes of petroleum to the Gulf Coast and other markets than TransCanada would with its Keystone XL pipeline project from Alberta, Canada, to the Gulf Coast.
Rather than building a single new pipeline, Enbridge is replacing smaller, existing pipeline with bigger pipes, adding pumping capacity and installing new supply lines alongside existing ones.
By the way, Warren Buffett with his Burlington Northern has thousands of miles of right-of-way for all kinds of opportunities.
*******************************
Speaking of pipelines, progress on the BakkenLink from Beaver Lodge oil field to Fryburg is moving along. The BakkenLink, by the way, was scaled back in scope after President Obama killed the Keystone XL.
*******************************
Why does this seem to surprise the mainstream media, that "Arab Spring" is taking Egypt back to the 15th century? [Update: wow. Just moments ago I sent an e-mail suggesting that the Iranian president Ahmadinejad would be visiting Egypt soon -- even though Egypt has no money with which to help Iran during the sanctions, but now I see that the new Islamic Muslim Brotherhood president of Egypt will be visiting Iran -- a first in decades. It looks like Pan-Muslim-Arabism is starting to take shape. Saudi has got to be concerned. Israel knows that the Egyptian military -- particularly the Air Force -- is in the worse shape it's been in decades, also. Do you think the price of oil is going to trend down?]
No comments:
Post a Comment