Seeking Alpha

Proposed Energy Transfer pipeline for Iowa surprises environmental groups

  • Energy Transfer Partners (ETP) is seeking to build an 1,100-mile pipeline to transport Bakken crude oil from North Dakota diagonally through Iowa en route to Patoka, Ill.
  • The project still faces approval from Iowa regulators and from regulatory agencies in other states, but Iowa environmental groups say they were caught off guard by plans for the project.
  • The 320K bbl/day pipeline is scheduled to begin operations by the end of 2016.
Comments (8)
  • 27975573
    , contributor
    Comments (103) | Send Message
     
    Surprise! Surprise!

     

    Trying to kill the Keystone pipeline; is not going to stop the oil from flowing!!
    Nor will stay off the rails!!

     

    Long CSX, GBX, TRN

     

    Thanks for the profits whom ever you so called environmentalists are!!
    10 Jul, 06:43 PM Reply Like
  • aeroguy48
    , contributor
    Comments (607) | Send Message
     
    So the 2nd bullet says energy companies should tell them in advance about their plans so they can rally the eco-nuts to oppose it?
    10 Jul, 07:35 PM Reply Like
  • BlackWildBoar
    , contributor
    Comments (11) | Send Message
     
    The eco-nuts are a tax and a pox on our country
    11 Jul, 11:53 AM Reply Like
  • smurf
    , contributor
    Comments (3766) | Send Message
     
    Never happen. Iowa is teeming with the climate change political scientists and anti-fossil fuel crowd. About as blue as it gets. They'll find a way to stop any projects like this.
    10 Jul, 11:47 PM Reply Like
  • frystinger
    , contributor
    Comments (5) | Send Message
     
    I think ETP has turned the corner.
    Holding :
    ETP,KMP,CLMT,APU, ARCP, HPT,IRT,GOV,CLNY,PSEC,...
    11 Jul, 06:41 PM Reply Like
  • dgotshalk
    , contributor
    Comments (35) | Send Message
     
    Number one priority is our country's independence from the Middle East.
    Number two priority is avoiding the shipping of energy over rail.
    Number three priority is avoiding any serious environmental damage to Iowa.

     

    Accomplishing all three and adding industry, jobs, and dignity to Americans should be the gravy that results.
    11 Jul, 08:13 PM Reply Like
  • jaxhawk
    , contributor
    Comments (4) | Send Message
     
    Oil from Canada goes to Texas. Once it's turned into gas it's ship to China or Europe.
    Oil companies get the cash we get the shaft. You guys get real. Energy independents is all crap to sell you a snow job and lots of pollution. Now I invest with these companies because as long as the insane are running the country for profit ahead of independence. I'm getting mind.
    You fools blame Obama for the greed that fills us all. Look in the mirror and see the real problem.
    12 Jul, 09:42 PM Reply Like
  • Wilcoj
    , contributor
    Comments (28) | Send Message
     
    I SURE DO blame Obama for a LOT of things, but not for causing any potential greed on the part of retail investors. I believe most of us are just trying to make a few bucks in order to survive currently or during retirement. I find it pretty far out to say one is greedy for trying to do this. Energy independence is surely possible and will happen. How quickly depends on government policy - think promoting natural gas for transportation.

     

    Companies are owned by shareholders and them doing their best to make profits which benefit their stakeholders s/b a primary objective. The energy explosion has many benefits for the entire country - look at the states with the lowest unemployment rates. Do you not think this is a result of their energy production?
    If you're against making a buck from a company's profits, why not just give your cash to a non-profit organization?
    14 Jul, 10:55 AM Reply Like
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