Posted on 10/30/2014 6:00:42 PM PDT by blam
Believe me, I don’t blame the oil companies. It is just common sense not to over produce a commodity.
I keep telling the local greens that they only end up hurting themselves when they try to regulate and manipulate the oil and gas industry. When the Greens stopped the Keystone pipeline, they just made the oil trains inevitable. The oil industry is like a giant balloon, when you squeeze it one area, it bulges out in another.
He has blanditis - it's a disease where everything you eat turns to "poop" and becomes mentally entwined with one's opinions..
I won't consider it... because it is not the truth. Year on year rail traffic volume is up. Every classification is up... and the category with the highest increase, year on year... is grain.
Blaming crude by rail would be like having a traffic jam and blaming it on an increase in blue automobiles, when the reality is there were more red ones that have been put on the highway.
Railroad are beholden to their shareholders with the primary mission to be to maximize share value. That being said, they are making massive capital investment to increase capacity, increase velocity, and lower dwell.
New oil production essentially crashed. No significant investment for future production made supplies tighter and we quickly climbed back up to $100 dollar oil.
You will notice oil stayed close to $100 far longer than it stayed below $50. But it did stay low long enough to knock out many small independent producers who were more dependent on debt and cash flow.
Nice looking engines..especially the induction systems.
You are correct. Kill the shale industry, along with the rest of the EandPs, and it will make 1990 conditions which were seen in Texas more universal through the mid rockies states. While the dems might be happy, it will not be good for people in those areas nor will it eventually be for the rest of the country as they see where the tax and income drivers have come for the past five years especially, IMO.
Nope.
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