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Energy Transfer Partners, L.P. Message Board

  • champs78645 champs78645 Aug 20, 2012 7:26 PM Flag

    Oil movement

    Unless I am mistaken, thought all (ETP) it did was serve as conduit for the movement of gas and oil. If oil prices are down there will be some oil/gas moving, therefore, this reource still need the pipeline to deliver it to a location, which I thought was an assurance we would be immune to the vagaries of oil/gas prices, was I wrong?

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    • Theres a glut of natural gas right now from a warm last winter and record production of nat gas.

      Now, if usage slows for whatever reason, ETP wont be delivering as much nat gas.

      Also, with nat gasprices near a ten year low, drillers are laying down rigs and producing less, thus les processing and gathereing.

 
ETP
57.12-0.08(-0.14%)Aug 19 4:06 PMEDT

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