The keystone line will also be carrying oil from the Bakken field. You have been listening to your totally ignorant, anti-business President.
Update on Cushing, in case you have not seen it.. Because of the completion of pipelines between Cushing and the coast, the amount of oil at Cushing has dropped signicificantly in the last few months. Recently the amount of oil has been climbing because of increased flow in is starting to balance the flow out.
Consider - the U.S. does not need the ethanol that is being produced: the corn would be better used to feed the world's population.
Do you have any money in a savings account? Do you remember what CDs were? What about corporate bonds? Trying to live off dividends from your utility stocks? QE was no great success.
sayu: It is called Capitalism =- you agree on a price that satisfies both parties. The Production company gets a little less profit.
There are a couple of small refineries in North Dakota. It would be a fairly short haul to bring the natural gasoline from here, rather than from the gulf coast.
I know that it would not provide enough to retire on. I have several friends who have retired from the airlines as mechanics and pilots in their 50s. They have been working part time and enjoying the slower pace. One was a mechanic at Delta, who loves to work on pipe organs. Now he and his wife have a little business just fixing organs; he has enough work that he can not handle all the requests.
Bakken oil can still move by:
rail and barge down the Missouri and Mississippi
by rail and ship through the Great Lakes
Is there a rail to ship oil transfer terminal at Thunder Bay, Ontario? Oil trains from North Dakota and Alberta would move the crude to Ontario and the rest of the way by boat. It is cheaper than rail only and safer, even if slower. There are refineries from Newfoundland and down the U.S. east coast that are set up to accept Brent crude by ship. They would need to reconfigure to use the other crudes, but it would pay off.
I know that Lake Superior will probably be frozen over until April, but after that they could move a lot of oil by Great Lakes and Coastal shipping, being cheaper than by a rail only route.
Market Talk BY Dow Jones & Company, Inc.
— 10:45 AM ET 11/18/2014
10:45 EST - Canadian Pacific Railway (CP sold a small chunk of its shortline Delaware & Hudson railroad to Norfolk Southern (NSC ) late Monday for $217M, a move that Desjardins' Benoit Poirier notes is a "slight positive" for the Canadian railroad. The 283-mile stretch of rail that CPR operated in Pennsylvania and New York wasn't core to their business, and only generated a marginal EBIT contribution of $50M in revenue, Poirier notes. The asset sale could also be the start of broad-based divestiture process given that CP recently told investors it holds about $1B to $2B in real estate it intends to monetize down the road.
The D & H connects to the CP near Montreal and the CSX near Schenectady, NY . This is a route for traffic for New England & New York City and New Jersey to bypass Chicago.
The NS wants the southern section of the D & H to connect northeast Pennsylvania and points west at Albany with the line that was known as the Boston & Albany RR.
However, it does also provide a way for NS traffic to go around New York City on its way to Canada.
How can it lose market share? Each railroad is a monopoly - I can not see the CP losing much grain traffic to trucks or barges.
Retire at 53? All I hear is complaints. Anybody out there want to retire at 53 and go out and enjoy life?
Your pay is good, the work is not strenuous, little if any lifting. No steering wheel to worry about - the train steers itself, just watch out for red lights, fools at grade crossings and drunks on the track. It does not take a lot of brain power. You might have to work 12 hours some days and might not be home every night. I worked 16 hour days the short time I worked on the railroad.
Your boss is not looking over shoulder.
I am sorry I posted the news.
They are given buyouts - for now. I took one myself, I was able to take my pension as a lump sum, they were about to stop that plan.