A Kinder Morgan Inc.-led natural gas conduit is getting blowback in a place that’s so far been a refuge for the embattled pipeline industry: Texas. And it comes as drillers in the Lone Star state need pipeline space more than ever.Disclaimer: this is not an investment site. Do not make any investment, financial, job, career, travel, or relationship decisions based on anything you read at this blog or think you might have read at this blog.
The $2 billion Permian Highway Pipeline would carry gas from America’s most prolific shale basin in West Texas to the Gulf Coast, helping to relieve bottlenecks that have led producers to burn off enough fuel to supply every home in Texas.
But landowners along the route are staging a fight, arguing against the company’s use of eminent domain and urging city and county officials to consider potential environmental and safety consequences.
The dispute poses a risk of pitting environmentalists concerned about the burning of excess gas -- called flaring -- against property owners who don’t want a pipeline running through their backyard or ranch. Oil explorers in West Texas are producing record amounts of gas as a by-product of crude drilling, and without new pipelines, their only option is to flare the gas into the sky.
US equities: a couple of down days, but surprisingly, the Dow remains solidly above 27,000. The S & P 500 has slipped back below 3,000 and it looks like we might not see that threshold for awhile. A credible source opines that it is the Russell US Indexes that are dragging the other indices down. Apparently, the Russell US Indexes have become the leading US equity benchmarks for institutional investors.
- Russell 3000 index: the umbrella index
- Russell 1000: large cap
- Russell 2000: small cap
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Magical
I find this absolutely amazing.
This is pre-K. Pre-kindergarten. She starts kindergarten this autumn.
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