Pembina Pipeline To Build Half-Billion Dollar Propane Terminal In Portland, Oregon -- September 3, 2014; Electric Car Sales Have Run Out Of Gas

I thought I posted this story yesterday along with the other story with regard to Pembina Pipeline. I guess I didn't. Here it is.

Portland (OR) Business Journal is reporting:

The Port of Portland announced an agreement Tuesday that will result in a $500 million propane terminal near the port’s Terminal 6 site in the Rivergate District.

Under terms of an agreement, Pembina Pipeline Corp., based in Calgary, Alberta, will bear the entire cost of the project with no tax breaks or other public consideration. Construction will employ more than 600. Operating the terminal will require 30 to 50 workers.

Bill Wyatt, the port’s executive director, said talks with Pembina began about six months ago. The value of the deal is still unknown but any profits will be reinvested in port infrastructure — berths, airport facilities, rail lines and so forth.

Wyatt said the port has entertained any number of proposals from firms rushing to move fossil fuel-based energy down the Columbia River for export to Asia or West Coast refineries.

And, OregonLive is reporting:

Pembina Pipeline's announcement Tuesday that it plans to build a $500 million propane export terminal near the Port of Portland's Terminal 6 is part of a larger push into the American market by the Canadian company.

At the same time Calgary-based Pembina announced plans to build the propane storage and export terminal at Rivergate, it said it paid $650 million to acquire a 435-mile pipeline that carries ethane from the Bakken shale deposits in North Dakota into Alberta.
While the two announcements involve different fuels and different distribution networks, together they represent an aggressive expansion by Pembina, Canada's third-largest pipeline company.

The pipeline purchase is "the kind of deal they have to do" to grow, Steven Paget, an analyst at FirstEnergy Capital Corp. in Calgary, told Bloomberg News.

In Portland, Pembina intends bring propane to the terminal by train, then pipe it underground from the terminal to an existing dock, where it will be loaded for shipment across the Pacific to customers in Asia. The company and the Port say they hope the terminal will be operating by early 2018.

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Predicted

Electric car sales have run out of gas.

Electric car sales are not charging the marketplace. A new study by online automotive research company Edmunds.com suggests the segment may have run out of gas.

Sales of electric drive vehicles are stuck at about 3.6% of all new car sales for 2014, Edmunds senior analyst Jessica Caldwell said.

That's below the 3.7% market share for 2013, and it's not likely to grow any before the end of the year.

And that's during an otherwise robust sales season. Total figures for August were higher than any time in the last decade.

The whole automobile market has grown. We're not seeing electric vehicles as part of that growth.

Let's count the reasons:

• too expensive
• too expensive
• too expensive

Other reasons:

• lack of charging stations
• two-hour charging required
• $2,000-electric outlet garage adaptation
• limited range
• "Chariots on fire"
• styling
• resale value
• battery life
• might pay for themselves in 12 years
• #1 US electric car manufacturer is known for expertise in ignition switch engineering
• waiting for Godot Tesla

Now, let's count the reasons why folks buy them

• to feel good about saving the environment, one rung above solving world hunger
• to feel good about saving the environment, two rungs above world peace
• to feel good about saving the environment, three rungs above winning the war on terror