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Gold/Mining/Energy : Big Dog's Boom Boom Room
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To: Elroy who wrote (200609)3/19/2020 6:25:53 AM
From: Elroy Jetson1 Recommendation

Recommended By
roguedolphin

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Generally the effect is the same.

Most collect a tiny percentage of the value of what is transported, while others collect a fee for volume.

With less consumption, there is less transport. And lower prices means less profit available to pay for transport regardless of how the pipeline company would prefer to pay.

In 2002 WMB took out an emergency high interest rate loan from Warren Buffet to escape bankruptcy caused by "changed market conditions". So the risk is very real.
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