A Shovel-Ready Project Perfect For Stimulus Funds -- Natural Gas Pipeline Along The Hard-Hit Gulf Coast

Someone noted that "we" never seem to see stimulus funds going to projects that really do hire construction folks for shovel-ready jobs (even the president laughed about "shovel-ready" jobs in America).

In this case,

Enterprise Products Partners L.P., Enbridge Energy Partners, L.P., and Anadarko Petroleum Corporation  today announced an agreement to design and construct a new natural gas liquids (NGL) pipeline that will originate from Skellytown, Texas, and extend approximately 580 miles to NGL fractionation and storage facilities in Mont Belvieu, Texas.

The new Texas Express Pipeline (TEP) will help producers in West and Central Texas, the Rocky Mountains, Southern Oklahoma and the Mid-continent maximize the value of their natural gas production by providing additional takeaway capacity and enhanced access to the Gulf Coast NGL market. Initial capacity on TEP will be approximately 280,000 barrels per day (BPD), which can be readily expanded to approximately 400,000 BPD.  

Later this week we will hear a lot about the need for federal government to pump in more stimulus money for construction projects. I doubt there will be any money for energy pipelines. More likely, "we" will see regulations and EPA policies making these projects more difficult to complete.