So let me get this right... the US government shuts the door on TRP Keystone XL pipeline and now KMP is looking to expand a pipeline to ship that tarsand oil to Asia markets. Double whammy or what. Ouch.
Kinder Morgan Energy Partners LP (KMP), the second-biggest U.S. pipeline operator, said it will decide by the end of March whether to move ahead with a $3.8 billion expansion of its Trans Mountain oil-sands pipeline after receiving ample interest from shippers.
What I am trying to say is it seems ironic that a US firm has basically screwed the US out of getting tarsands oil after the US government stopped a Canadian firm from building a pipeline to do exactly that.
You still have misplaced emphasis. Don't you get it? We resent your statement that KMP screwed the US. Nothing could be further from the truth. Jug ears screwed the USA and Canada elected appropriately to find a different market for their crude. KMP is in the business of serving markets, not making policy. To say that they screwed the US is a cheap shot. They serve their investors by engaging in legitimate business prospects. Nothing more, nothing less.
Now that you understand, isn't it time for you to buy some Kinder Morgan stock? KMP would gladly have built a Keystone Pipeline too, but TransCanada is in the more advantaged position. KMP didn't do anything to kill or delay Keystone.
Maybe the US Navy could place an embargo around Canada and China to prevent any oil transactions from taking place?
Our own administration screwed the Keystone pipeline deal not KMP.
Canada has said if the US has that kind of policy then as state policy we want to get our oil out of Alberta to the west coast where we will find willing Asian buyers.