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Politics : View from the Center and Left -- Ignore unavailable to you. Want to Upgrade?

To: bentway who wrote (243325)	1/29/2014 12:32:23 PM
From: Bread Upon The Water	Read Replies (1) \| Respond to of 541743

I do own one company directly that refines petroleum in the gulf area. If tar sands crude makes it there it could benefit, and thru a Closed End MLP (master limited partner) fund I own several more in the same area. But it's not like I have major economic stake in the Keystone outcome. The companies I own are benefiting from the American fracking boom and will make money off of that regardless of what happens in Canada. I just think the argument against pipeline safety are contrived at best and hypocritical at their worst. I concede that sometimes they leak/spill, but for the most part we can contain the damage. It's the cost of having natural gas heat, cheaper gasoline, gas powered electrical plants, and stored oil reserves. Where we would be economically as a country without all that? It's hard to believe the spill in your creek hasn't been addressed. Usually energy/pipeline companies are right on these things because it's cheaper to clean them up rapidly and contain the damage then litigate it out. Has anyone called/informed the pipeline company? We must have thousands of miles of pipelines already crossing the Mississippi--world hasn't ended yet.