And Keystone XL will pass under 14 rivers including the Missouri and Platte. Why is that route never questioned? A disaster waiting to happen!
So the sudden collapse in oil prices had nothing to do with the Saudi's or US! Don't you find it odd it coincided with US sanctions against Iran...the Saudi's mortal enemy?
There is an oil glut because the Saudi's refuse to cut production. Ask yourself why...to pressure Iran to curtail their nuclear program. Lower oil prices threaten Iran's economy. Iranian leaders have called low oil prices ( and US sanctions) economic blackmail.
My opinion...somewhat more optimism a nuclear agreement with Iran will happen. When (if) it does, oil prices will begin to rise. SDRL's rise reflects this optimism. Personally, I don't think an agreement will happen anytime soon in which case oil prices will stay depressed...unless Israel decides to attack Iran's nuclear plants unilaterally.
I suggest you Google "Keystone XL Pipeline Files for Eminent Domain in Nebraska" filed 3 hours ago. Arguments for both sides in the article. There are also many other articles...both pro and con.
The US segment of the pipeline is 875 miles long and 36" in diameter. It's buried 4 feet deep within a 110 foot width ribbon of land and 50 foot permanent right of way. It will pass UNDER 14 rivers including the Missouri, Platte, and Niobara.
The chief of the Rosebud Sioux Tribe has declared an "act of war" if the pipeline crosses their reservation.
In my opinion, eminent domain was never intended for private gain, especially be a foreign (Canadian) company. This point is ignored by the very people who should support it...conservative Republicans.
Many want it ... especially Republicans. My question: Why do Republicans support a project that invokes eminent domain on many farms and ranches of private landowners...by a Canadian company? I thought the Rep opposed the government interfering with private property rights!
Doesn't a rating really depend on an investors goals? I would never buy Apple or Google stock but sure wish I had 6-7 years ago, looking back today. The same applies to gold and silver. Who knows what the future brings? For me (retired) I rate KMI a 7 because there are other stocks with higher yields and similar risk.
Why does the Swiss franc change have anything to do with Russian sanctions? Or are you just guessing?
Obama and British PM David Cameron held a joint press conference today. Iran negotiations were discussed. Some optimism! If an agreement is reached the Saudi's will back off...raising oil prices. IMHO of course.
Are you referring to my post? If so, what scare tactics? I thought I made a positive post re KMI. As for KMI six months ago versus today: What's changed other than the accounting?. On the ground, so to speak, it's the same company.
It makes no difference which came first. The coal on trains heading (ultimately) to China passes right thru downtown Seattle. And I don't mean the suburbs...downtown. So do the oil trains heading to a refinery north of Seattle (Anacortes). Probably 30-40 100 car trains overall everyday. Bakken crude I've read.
Thanks for your interesting and obviously well informed post. Now I understand why the Republicans made Keystone approval their first priority...payback to the Koch brothers, their biggest contributor.
If, instead, the new pipeline paralleled the existing pipeline then a sand hills pipeline going north into Canada makes sense...to send NG condensates to dilute the dilbit from that point forward. It's only 60-70 miles across the border from the Bakken shale.
Another objection to the proposed route: It crosses both the Missouri and Yellowstone rivers. A major spill in either river would be a disaster for a thousand miles downstream and into the GOM.
I've never been opposed to Keystone building a pipeline. I oppose the route they chose. Keystone already has a pipeline in operation, since 2010, with the identical start and end points. Why not run the new one parallel to the existing one? All this contention, or most of it, would disappear including the very real fear the Indians will sabotage it. I've never understood why this alternative is never discussed. The same crew could monitor and maintain them both, the 2010 route is well understood, rights of way approved, etc. The Republicans want it approved whether it makes sense or not. It DOES NOT make sense.
I forgot to mention the Air Force, Navy, Army, cruise lines, trains, RVers, many public utilities, and taxi and bus companies.
Don't you mean "crushing YOUR economy"? It's probably helping OUR economy overall. Certainly the airlines and truckers love lower gas prices, not to mention people driving gas guzzling SUV's, pickups, yachts, etc.