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Meet The New US Petroleum Pipelines
Still confused why crony capitalist #1, the "rustic" Octogenarian of Omaha, and Obama tax advisor #1, Warren Buffett has been aggressively attempting to corner the railroad market, while the administration relentlessly refuses to allow assorted new, and very much competing petroleum pipelines from America's neighbor to the north to cross through the US (in gratitude for the former's generous "tax advice" and pedigree by association)? Hint: it's not concern about the environment. The answer is the chart below.
Source: Diapason
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The difference is in Domestic(and Canadian) v Imported sources. The pipeline for the major import hubs have long been in place. Not so the newly sourced shale/frack oil.
If you are serious about what you just posted, I strongly suggest spend a week or so visiting theoildrum.com....
Could that chart be overlayed on the chart for coal car loadings?
duplicate post
Not to worry, Buffett has already bought the pipelines to supply water southwards.
... you didn't know ..?
Because of the eminent domain used in the construction of the XL pipeline, I would have to say that its construction would be antithetical to the free market
Rail is good for transportation, of things, yes but pipelines are better for transporting other things.
For example, would you transport water by rail?
Wait.....isn't that US rail car loadings of coal upside down?
Check coal exports and now you know why the rails have been on an absolute tear of late....
Oil & gas happen to be a powerful and very useful forms of energy. Think of it as ancient solar energy, stored in biomass. But it's energy nonetheless.
If the chief goal is to have 'enough' energy to maintain a modern lifestyle, -- from the viewpoint of math & physics -- there is nothing wrong with extending the very large but finite supply of oil & gas for centuries, by striving for ever-better energy efficiency of our vehicles, planes, ships, cars, appliances and our lifestyles. The more efficient, the longer it lasts.
Only a person with a questionable intellect, education or agenda would oppose this long-term strategy in favor of a short-term strategy. A person with a binary, black & white position of "screw efficiency, just keep on drilling" is intellectually not credible and financially not trustworthy.
But that is one of the hallmarks of a fully trained US consumer
This planet is going down the toilet. Give it another 30 years and it will be fucked. The good thing is I will be 90 and wont give a shit.
It will be good watching humans finally destroy themselves. We suck, time to que the monkeys.
Max
If the economy is so bad, who is using all the oil?