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If you don't let people build new pipelines.... The more conspiracy minded note that Berkshire Hathaway is benefiting mightily from this: https://www.google.co
by hga 11y ago
If you don't let people build new pipelines....
The more conspiracy minded note that Berkshire Hathaway is benefiting mightily from this: https://www.google.com/search?q=berkshire+hathaway+railroad+oil https://www.google.com/search?q=berkshire+hathaway+railroad+...
- rch 11y agoWhich natural gas pipelines are being held up exactly? The real problem is the price (i.e. excess supply and lack of storage capacity): http://www.eia.gov/dnav/ng/hist/rngwhhdd.htm http://www.eia.gov/dnav/ng/hist/rngwhhdd.htm Natural gas has been down for a lot longer than the oil price, and even with hydraulic fracturing there hasn't been much incentive to produce or capture the gas. The deeper shales in Ohio and Pennsylvania produce other hydrocarbons along with gas, so they were seen as a better bet (up until a year or so ago anyway). The railroads (and utilities, and really everybody) benefited more from the drilling enthusiasm of a few years ago than they ever would by holding up a pipeline.
- bpodgursky 11y agoThe interminable holdup over the Keystone pipeline does not exactly encourage new investment. You don't seriously think companies are going to waste millions planning out a new line if they have no idea when (if ever) it would be approved.
- rch 11y agoThe material being piped is already worth less than it costs to drill and produce, so there is no reason to even consider a pipeline. When gas is over $7 and oil is over $80 then there might be some interest, but it is going to be a while.
- whoiskevin 11y agoNew pipelines are not the answer and never have been. Allowing companies to turn the landscape into a waste land of pipelines is not some answer. I think a lot more people would get educated about pipelines if we started proposing running them through San Francisco and New York and I for one would like to see that happen since new pipelines are supposedly such a great economic boost.
- JackFr 11y agoColor me educated: http://www.nytimes.com/2012/05/23/nyregion/gas-pipeline-beneath-hudson-river-is-approved.html?_r=0 http://www.nytimes.com/2012/05/23/nyregion/gas-pipeline-bene...
- JackFr 11y agoAlso this 1.5 miles form my home: http://www.dnainfo.com/new-york/20130109/west-harlem/plan-convert-harlem-gas-meter-station-high-volume-sparks-concern http://www.dnainfo.com/new-york/20130109/west-harlem/plan-co...
- ac29 11y agoA couple people posted natural gas pipelines in NYC, here's the bay area: https://www.kqed.org/assets/pdf/news/NG%20pipeline_Bay%20Area.pdf https://www.kqed.org/assets/pdf/news/NG%20pipeline_Bay%20Are... Natural gas pipelines most certainly run though major cities.