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(Some Guy) Obvious With the blockage of the Keystone pipeline project, oil companies are scrambling to find alternative transportation methods. In steps Burlington Northern Santa Fe which, coincidentally, was just purchased by Berkshire Hathaway   (news.investors.com) divider line 83
More: Obvious, Keystone Pipeline, Burlington Northern Santa Fe, Berkshire Hathaway, oil companies, Warren Buffett, anchors, Bakken, petrobras  
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2452 clicks; posted to Business » on 20 Jan 2012 at 11:18 AM   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



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2012-01-20 10:56:28 AM
(Reads TFA)

Um...am I supposed to be happy or outraged?
 
2012-01-20 11:06:11 AM
a) "Soros" DRINK!

b) "leftist groups and the Democratic Party" Is the Democratic party not a leftist group by this dude's standard?
 
2012-01-20 11:06:28 AM
tnpir: (Reads TFA)

Um...am I supposed to be happy or outraged?



outraged. not because a couple guys are getting rich, but because the project is delayed. building the pipeline creates some work in the states it would go through, it would also continue to give revenue to those states once hydrocarbons start flowing. it also will help relieve the strain put on the system as it stand right now trying to get oil/gas out of the north. i'm all for protecting the environment and doing the project safely, but it needs to be done.
 
2012-01-20 11:08:42 AM
cynicritics.files.wordpress.com
 
2012-01-20 11:09:44 AM
Canuckian news reported this morning that we don't need no g'damn presidential approval to lay pipe in Oklahoma & Texas.
Hosers be hosing y'all!
 
2012-01-20 11:20:00 AM
rhino33: tnpir: (Reads TFA)

Um...am I supposed to be happy or outraged?


outraged. not because a couple guys are getting rich, but because the project is delayed. building the pipeline creates some work in the states it would go through, it would also continue to give revenue to those states once hydrocarbons start flowing. it also will help relieve the strain put on the system as it stand right now trying to get oil/gas out of the north. i'm all for protecting the environment and doing the project safely, but it needs to be done.


it will get done. just not through the aquifer. it will have to go around just like all the others.
 
2012-01-20 11:20:39 AM
Good news is that now that someone powerful and connected to the Dems will profit greatly, means that something might actually get done.
 
2012-01-20 11:20:43 AM
So they will be transporting the lightest most flavorless crude to prevent bitter pipeline face?
 
2012-01-20 11:22:57 AM
An-Unnecessarily-Long-Name: Good news is that now that someone powerful and connected to the Dems will profit greatly, means that something might actually get done.

Uh... did you read anything related to this article? The Parrot-head benefits if the pipeline isn't built.
 
2012-01-20 11:32:20 AM
The government making decisions to benefit their friends?

Never been done before.


To solve, this I think we need more regulations.
 
2012-01-20 11:33:45 AM
Warren Buffet buys a railroad.

The rest of the country uses food stamps to buy milk.
 
2012-01-20 11:41:30 AM
rhino33: tnpir: (Reads TFA)

Um...am I supposed to be happy or outraged?


outraged. not because a couple guys are getting rich, but because the project is delayed. building the pipeline creates some work in the states it would go through, it would also continue to give revenue to those states once hydrocarbons start flowing. it also will help relieve the strain put on the system as it stand right now trying to get oil/gas out of the north. i'm all for protecting the environment and doing the project safely, but it needs to be done.


Any truth to the reports that the pipeline would increase gas prices in the Midwest because that gas was headed to offshore markets?
 
2012-01-20 11:43:40 AM
JRoo: Warren Buffet buys a railroad.

The rest of the country uses food stamps to buy milk.


Maybe you'd be off food stamps if you weren't goofing off on the internet in the middle of a workday.
 
2012-01-20 11:44:37 AM
Which keeps more steady jobs?

Pipeline maintenance or railroads maintenance?

Which can be used for something other than oil?
 
2012-01-20 11:47:45 AM
James!: JRoo: Warren Buffet buys a railroad.

The rest of the country uses food stamps to buy milk.

Maybe you'd be off food stamps if you weren't goofing off on the internet in the middle of a workday.


I work Sunday-Thursday and at night. Today is my Saturday.
So there. :P
 
2012-01-20 11:48:26 AM
Moopy Mac: Any truth to the reports that the pipeline would increase gas prices in the Midwest because that gas was headed to offshore markets?

It sure as hell wouldn't lower them.

Gas prices are going to continue to increase, until one of two things happen.

1) We decide we want another global economic recession that decimates demand like it did for December 2008. Even with this one gas will begin to increase as demand rises again.

2) We use and/or develop some form of cheaper alternative to using gasoline that decimates demand for gas. This will happen eventually, because there is a price point where using gas to power a car is less than what it costs to use an alternative.
 
2012-01-20 11:49:01 AM
JRoo: James!: JRoo: Warren Buffet buys a railroad.

The rest of the country uses food stamps to buy milk.

Maybe you'd be off food stamps if you weren't goofing off on the internet in the middle of a workday.

I work Sunday-Thursday and at night. Today is my Saturday.
So there. :P


So you have a whole day free and you're still mooching off food stamps? Sounds like you have time for a second job.
 
2012-01-20 11:52:46 AM
James!: JRoo: James!: JRoo: Warren Buffet buys a railroad.

The rest of the country uses food stamps to buy milk.

Maybe you'd be off food stamps if you weren't goofing off on the internet in the middle of a workday.

I work Sunday-Thursday and at night. Today is my Saturday.
So there. :P

So you have a whole day free and you're still mooching off food stamps? Sounds like you have time for a second job.


Having two jobs was cutting into my drinking and weed-smoking time so I quit one but I'm looking for another one that's closer to home.
 
2012-01-20 11:53:25 AM
James!: JRoo: James!: JRoo: Warren Buffet buys a railroad.

The rest of the country uses food stamps to buy milk.

Maybe you'd be off food stamps if you weren't goofing off on the internet in the middle of a workday.

I work Sunday-Thursday and at night. Today is my Saturday.
So there. :P

So you have a whole day free and you're still mooching off food stamps? Sounds like you have time for a second job.


spreadluv.files.wordpress.com
 
2012-01-20 12:07:29 PM
Here's an idea

cdn-www.greencar.com

www.exponent.com
 
2012-01-20 12:09:35 PM
Andrew Jackson Jr?
 
jvl
2012-01-20 12:15:15 PM
James!: a) "Soros" DRINK!

Is it okay if I also drink when the name "Koch" is used? Or do I have to specific about the boogeyman?
 
2012-01-20 12:18:50 PM
Moopy Mac: rhino33: tnpir: (Reads TFA)

Um...am I supposed to be happy or outraged?


outraged. not because a couple guys are getting rich, but because the project is delayed. building the pipeline creates some work in the states it would go through, it would also continue to give revenue to those states once hydrocarbons start flowing. it also will help relieve the strain put on the system as it stand right now trying to get oil/gas out of the north. i'm all for protecting the environment and doing the project safely, but it needs to be done.

Any truth to the reports that the pipeline would increase gas prices in the Midwest because that gas was headed to offshore markets?


How would that work exactly? Piping new gas production to an overseas market results in Oklahoma getting less?
 
2012-01-20 12:23:49 PM
Hobodeluxe: rhino33: tnpir: (Reads TFA)

Um...am I supposed to be happy or outraged?


outraged. not because a couple guys are getting rich, but because the project is delayed. building the pipeline creates some work in the states it would go through, it would also continue to give revenue to those states once hydrocarbons start flowing. it also will help relieve the strain put on the system as it stand right now trying to get oil/gas out of the north. i'm all for protecting the environment and doing the project safely, but it needs to be done.

it will get done. just not through the aquifer. it will have to go around just like all the others.


They have already agreed to go around the aquifer. (new window)
 
2012-01-20 12:25:02 PM
jjorsett: Moopy Mac: rhino33: tnpir: (Reads TFA)

Um...am I supposed to be happy or outraged?


outraged. not because a couple guys are getting rich, but because the project is delayed. building the pipeline creates some work in the states it would go through, it would also continue to give revenue to those states once hydrocarbons start flowing. it also will help relieve the strain put on the system as it stand right now trying to get oil/gas out of the north. i'm all for protecting the environment and doing the project safely, but it needs to be done.

Any truth to the reports that the pipeline would increase gas prices in the Midwest because that gas was headed to offshore markets?

How would that work exactly? Piping new gas production to an overseas market results in Oklahoma getting less?


Probably because it would require vast amounts of fuel and resources here to acquire, transport, and refine before sending it out. There's a reason why they want this shiat refined in Texas -- so they can ship the gasoline to some other country. farkers.
 
2012-01-20 12:25:43 PM
Moopy Mac: Any truth to the reports that the pipeline would increase gas prices in the Midwest because that gas was headed to offshore markets?

Yup. Estimated at 10-20 cents/gallon price increase in the Midwest.

jjorsett: How would that work exactly? Piping new gas production to an overseas market results in Oklahoma getting less?

There's a bottleneck in Cushing. There simply isn't enough piping to get as much oil from Cushing to the Gulf Coast for export, so companies are left with the decision to either truck it (or send it by train) to the Gulf for refinement/export or send it up to the refineries in the Great Lakes area for domestic sale. There's a pretty large price gap right now.
 
2012-01-20 12:27:14 PM
jvl: James!: a) "Soros" DRINK!

Is it okay if I also drink when the name "Koch" is used? Or do I have to specific about the boogeyman?


You're an adult. Drink whenever you want.
 
2012-01-20 12:31:34 PM
Shilling for higher taxes sure pays well, doesn't it?
 
2012-01-20 12:35:27 PM
Try the John Galt line...
 
2012-01-20 12:38:21 PM
meat0918: Moopy Mac: Any truth to the reports that the pipeline would increase gas prices in the Midwest because that gas was headed to offshore markets?

It sure as hell wouldn't lower them.

Gas prices are going to continue to increase, until one of two things happen.

1) We decide we want another global economic recession that decimates demand like it did for December 2008. Even with this one gas will begin to increase as demand rises again.

2) We use and/or develop some form of cheaper alternative to using gasoline that decimates demand for gas. This will happen eventually, because there is a price point where using gas to power a car is less than what it costs to use an alternative.


If you approximate supply as fixed or inelastic, literally anything that improves the economy will increase the price of gas.
 
2012-01-20 12:47:05 PM
Nebraskan politics > your politics.
 
2012-01-20 12:50:47 PM
Gaseous Anomaly: meat0918: Moopy Mac: Any truth to the reports that the pipeline would increase gas prices in the Midwest because that gas was headed to offshore markets?

It sure as hell wouldn't lower them.

Gas prices are going to continue to increase, until one of two things happen.

1) We decide we want another global economic recession that decimates demand like it did for December 2008. Even with this one gas will begin to increase as demand rises again.

2) We use and/or develop some form of cheaper alternative to using gasoline that decimates demand for gas. This will happen eventually, because there is a price point where using gas to power a car is less than what it costs to use an alternative.

If you approximate supply as fixed or inelastic, literally anything that improves the economy will increase the price of gas.


Well, literally anything that improves the world economy will increase the price of gas, unless somehow improving an economy is decoupled from using gas and diesel to get goods, workers, and customers to and from production centers and markets
 
2012-01-20 12:52:36 PM
Just bought? Berkshire bought all of BNSF over 2 years ago.
 
2012-01-20 12:53:24 PM
Norv Turner: Here's an idea

[cdn-www.greencar.com image 456x281]

[www.exponent.com image 424x283]



Waste money? Brilliant!
 
2012-01-20 12:55:06 PM
beta_plus: Hobodeluxe: rhino33: tnpir: (Reads TFA)

Um...am I supposed to be happy or outraged?


outraged. not because a couple guys are getting rich, but because the project is delayed. building the pipeline creates some work in the states it would go through, it would also continue to give revenue to those states once hydrocarbons start flowing. it also will help relieve the strain put on the system as it stand right now trying to get oil/gas out of the north. i'm all for protecting the environment and doing the project safely, but it needs to be done.

it will get done. just not through the aquifer. it will have to go around just like all the others.

They have already agreed to go around the aquifer. (new window)


Then once there is an approved plan in place to go around (And not just a double-pinky swear), the project can come up again! Shame Obama was forced to make a decision before that could be finalized, huh?
 
jvl
2012-01-20 12:57:42 PM
James!: jvl: James!: a) "Soros" DRINK!

Is it okay if I also drink when the name "Koch" is used? Or do I have to specific about the boogeyman?

You're an adult. Drink whenever you want.


My Boss disagrees.
 
2012-01-20 01:00:36 PM
jvl: James!: jvl: James!: a) "Soros" DRINK!

Is it okay if I also drink when the name "Koch" is used? Or do I have to specific about the boogeyman?

You're an adult. Drink whenever you want.

My Boss disagrees.


Drink more, the right response(s) will come to you.
 
2012-01-20 01:02:07 PM
jvl: James!: jvl: James!: a) "Soros" DRINK!

Is it okay if I also drink when the name "Koch" is used? Or do I have to specific about the boogeyman?

You're an adult. Drink whenever you want.

My Boss disagrees.


This is America. Tell that dude to go fark himself.
 
2012-01-20 01:03:18 PM
Politics is like any other scam. If you want to know what's going on, follow the money.
 
2012-01-20 01:06:07 PM
Roy_G_Biv: Shilling for higher taxes sure pays well, doesn't it?

Not really. One of the main reasons Buffet bought Burlington Northern was because of the growth of the corn ethanol industry, and rail was the best way to ship it. The subsidies to corn ethanol were just allowed to expire.
 
2012-01-20 01:07:00 PM
meat0918: Moopy Mac: Any truth to the reports that the pipeline would increase gas prices in the Midwest because that gas was headed to offshore markets?

It sure as hell wouldn't lower them.

Gas prices are going to continue to increase, until one of two things happen.

1) We decide we want another global economic recession that decimates demand like it did for December 2008. Even with this one gas will begin to increase as demand rises again.

2) We use and/or develop some form of cheaper alternative to using gasoline that decimates demand for gas. This will happen eventually, because there is a price point where using gas to power a car is less than what it costs to use an alternative.


Gas prices are going to increase regardless. Whatever the price is of anything that you see today, you can bet your ass it will be higher tomorrow. That's the new normal.
 
2012-01-20 01:07:32 PM
Anyone have any idea what percentage of capacity oil refineries are currently working at?
 
2012-01-20 01:08:31 PM
erupt2001: Gas prices are going to increase regardless. Whatever the price is of anything that you see today, you can bet your ass it will be higher tomorrow. That's the new normal.

FTFY
 
2012-01-20 01:15:44 PM
US averages around 85%. It's slightly higher in the Midwest.

gailtheactuary.files.wordpress.com

This is from last year showing the two. I recall reading a month ago that US was still at 85%. Wish I could find newer data.
 
2012-01-20 01:18:10 PM
Rapmaster2000: US averages around 85%. It's slightly higher in the Midwest.

[gailtheactuary.files.wordpress.com image 640x385]

This is from last year showing the two. I recall reading a month ago that US was still at 85%. Wish I could find newer data.


Oh, right PADD2 means Midwest. Currently, the Midwest is receiving the majority of Albertan Oil.

storage.canoe.ca
 
2012-01-20 01:19:09 PM
cgraves67: Anyone have any idea what percentage of capacity oil refineries are currently working at?

Less than 100%.

Har har. :p

It actually doesn't matter all that much. As demand increases, fuel companies simply ramp the price on what gas is available. They make an increased profit without increased costs associated with increased production. When the price hits the point where other sources become viable, they use their pull with Congress to squash the competition.

More refineries could be built, but that would involve spending money. It's easier and more profitable to simply keep things the way they are and continue the choke-hold on the national energy supply.

/Yes, I *really* like "increased"
 
2012-01-20 01:20:08 PM
Moopy Mac: Any truth to the reports that the pipeline would increase gas prices in the Midwest because that gas was headed to offshore markets?

WLS was reporting that there was a projection of $5 gas in chicagoland this summer due to lack of transportation. Of course, this pipeline would not be finished in time to help that.....
 
2012-01-20 01:20:47 PM
cgraves67: Anyone have any idea what percentage of capacity oil refineries are currently working at?

As close to 100% as possible.

You probably missed the earlier headlines, but the US is actually exporting a lot more refined petroleum products now. As we use less gasoline and diesel our refineries have more to sell to Argentina, China, or Venezuala (which has lots of oil, but not refinery capacity for their nasty sulfer-laden oil)
 
2012-01-20 01:34:20 PM
Kuroshin: cgraves67: Anyone have any idea what percentage of capacity oil refineries are currently working at?

Less than 100%.

Har har. :p

It actually doesn't matter all that much. As demand increases, fuel companies simply ramp the price on what gas is available. They make an increased profit without increased costs associated with increased production. When the price hits the point where other sources become viable, they use their pull with Congress to squash the competition.

More refineries could be built, but that would involve spending money. It's easier and more profitable to simply keep things the way they are and continue the choke-hold on the national energy supply.

/Yes, I *really* like "increased"


Refineries are constantly being expanded in the US. The economies of scale of large refineries makes the smaller ones less competitive. That's why we have less refineries but more capacity. A google search shows BP is expanding their already huge Whiting, IN facility to handle tar sand crude along with Detroit's Marathon facility. Shell is expanding its Port Arthur refinery to become the largest in the world.
 
2012-01-20 01:40:31 PM
Locally the local power monopoly had to build a new plant. The plan was for natural gas. Since the eco-freaks did not want a pipeline to supply the plant and had lawsuits to that effect all over the place, it was built to use the worst polluting coal from the wyoming basin brought in by huge trains. The same idiots floated a question on converting the plant ($billions$) to NG after the fact.
 
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