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Politics : Politics of Energy -- Ignore unavailable to you. Want to Upgrade?

To: Eric who wrote (74644)	2/4/2017 10:38:32 AM
From: Brumar89	Read Replies (1) \| Respond to of 86356

Pipelines are built by private businesses who assess the market. They should be allowed to make their own decisions just like the people who run Tesla should be allowed to make their risky market bets. It's called free enterprise. Real world experiments (E v W Germany, N & S Korea, and Cuba, Venezuela, etc) have been run and hands down free enterprise wins over centrally planned economies time after time.

To: Eric who wrote (74644)	2/4/2017 3:41:58 PM
From: Alastair McIntosh	2 Recommendations Recommended By Brumar89 miraje Respond to of 86356

The Keystone XL Pipeline (KXL) is a bet on much higher oil prices several years from now. It will take at least $85 oil prices to develop the new oil sand projects needed to fill the pipeline. The author of that piece is mistaken. Projects that are under development can fill the pipeline. Billions of $ worth of projects are coming on-stream in the next few years. Large capital expenditures have already been made and/or committed. What is more important now is cash flow and cash flow will determine production decisions. Sunk costs (money already spent) are not really relevant. Also, TransCanada doesn't make bets on its pipelines without long term (20 year) contracts with shippers. $50 - $60 oil will fill the pipeline.