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Gold/Mining/Energy : Big Dog's Boom Boom Room

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To: Ed Ajootian who wrote (156684)	9/8/2011 9:15:04 PM
From: t4texas	Read Replies (1) of 206093

your guy, dan dicker, was on fast money today, and he answered a couple of questions with such cluelessness (i thought outright lying) that i thought he must be trying not to give out information. what i mean is this guy is supposed to be an expert and certainly knew about pipelines from/to cushing to the gulf refineries including the reasons enbridge cancelled a cushing/gom pipeline plan about a week or ten days ago. i opined on it on bdbbr around that time. i heard some time ago that cop or cvx has a big pipeline moving oil from the gulf to cushing already. if this input below from this professor hamilton is accurate, it is cop that has this 430 b/d pipeline to cushing. he offers some info from cop on why cop says it does not want to reverse the flow from cushing to the gulf. it seems this is a good reason for enbridge to cancel if we assume cop is waiting for some price thing or waiting for some outfit to simply buy the pipeline and spend the money to reverse it. i wonder why enbridge does not just buy it. i don't think one refinery in ponca, ok, is the reason for the foot dragging by cop. oilprice.com

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