4 ms·
This is an industry the government is actively fighting. Short term there are profits but long term the outlook is bad and these projects need to pay off over d
by jdsully 4y ago
This is an industry the government is actively fighting. Short term there are profits but long term the outlook is bad and these projects need to pay off over decades to make sense.
Take Keystone XL as an example. Billions were spent only for it to be cancelled on the eve of construction by a new president. This is not a good industry to invest in long term.
The correct response is to milk existing infrastructure until it is no longer serviceable rather than trying to add new capacity.