Friday, June 2, 2017

Are US Retailers Failing 'Cause No One Is Buying Cardigan Sweaters Any More? -- June 2, 2017

Wow, this is a cool story. Again a huge "thank you" to a reader.

A publicly-held company simply wants to reverse the flow of refined products in one of their pipelines.

The pipeline currently takes refined products from Pennsylvania refineries and moves those fuels to the midwest.

Buckeye wants to reverse the flow of these fuels, moving refined products from the west to the east.

If approved:
  • winners: midwest refiners
  • losers: Pennsylvania refiners -- apparently affecting five refiners
This would also be the first step in this two-step dance to get midwest refined products (i.e., gasoline and diesel) to the East Coast for export to Europe.

I don't have a dog in the fight, so it will be fun to watch.

The link is at Reuters.

The map of the area under discussion:

Regardless of how it turns out, again, just one more story on how much energy this country now has for export.

I guess we really could drill our way out of high prices. LOL. Cardigan sweaters? Maybe that's why big box retailers are failing -- no one is buying cardigan sweaters any more. LOL.

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