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Thread: ND, Bakken , Railroads, NGLs

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    Default ND, Bakken , Railroads, NGLs

    North Dakota has now instituted on its own that no crude oil can be exported (out-of-state) with a a higher than 13.7 PSI content of ethane , propane and other natural gas liguids (NGLs). It must be treated FIRST. Automobile gasoline has a 13.5 PSI. This is to counteract the increased railroad tanker accidents. Interestingly , Buffett who owns BNSF also bought the company which manufactures the tanker cars. BNSF has increased the cost of shipping Bakken oil in the old tank cars by $700 per car as a liability cost. Extractors , tar sands operators , etc. (Koch Brothers) are angry. Buffet wants them to buy the new safer cars, and the lease holders of the cars want no change. Minnesota's Homeland Security has announced that hundreds of thousands of folks live within 1/2 mile of the tracks which carry such inflammable oil products and to be on alert.

    Additionally , with all the Keystone fuss , the pipeline companies have expanded by over 13,000 miles existing pipelines to service the increased fracked/shale production.

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    Senior Member Gerry Clinchy's Avatar
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    So, if there was any question about how dangerous it is to ship this stuff by rail, $700/car for liability might be a pretty good indication.

    I'd be surprised if Buffett doesn't already have his hand in the company/companies who will benefit most from the XL pipeline.
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    Senior Member HPL's Avatar
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    On a tangentially related topic, I heard on the radio a couple of days ago that the storage capacity here in the US is at about 70% with extraction continuing at a rapid pace, probably meaning that gas prices will be pretty stable for quite some time with at least some possibility that they will decline a bit.
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    Quote Originally Posted by Gerry Clinchy View Post
    So, if there was any question about how dangerous it is to ship this stuff by rail, $700/car for liability might be a pretty good indication.

    I'd be surprised if Buffett doesn't already have his hand in the company/companies who will benefit most from the XL pipeline.
    No but Susan Rice and her husband own around a 1/2 million equity position in TransCanada. The pipeline will completed when it convenient for the cause. There are a couple R's and D congress members which also own a stake but not as much as Susan.

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    Senior Member Raymond Little's Avatar
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    Quote Originally Posted by Dan Storts View Post
    No but Susan Rice and her husband own around a 1/2 million equity position in TransCanada. The pipeline will completed when it convenient for the cause. There are a couple R's and D congress members which also own a stake but not as much as Susan.
    Same Susan "Benghazi was started by a video" "Bergdal was a hero" Rice?
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    Quote Originally Posted by Dan Storts View Post
    No but Susan Rice and her husband own around a 1/2 million equity position in TransCanada. The pipeline will completed when it convenient for the cause. There are a couple R's and D congress members which also own a stake but not as much as Susan.

    Yeah, but we only care about her.

    Who cares what Congress does? I mean they're only the people that would vote on the pipeline. No conflict of interest there.

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