Kinder Morgan Partners (KMP +1%) will begin a $5B expansion of its Trans Mountain pipeline, more...


Kinder Morgan Partners (KMP +1%) will begin a $5B expansion of its Trans Mountain pipeline, more than doubling the capacity of crude oil it can ship to Canada's west coast. The expansion would increase the volume shipped from Alberta to Vancouver to 850K bpd from 300K, allowing Asian buyers to load Canadian crude in significant volumes.

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Comments (8)
  • Deckjack
    , contributor
    Comments (3) | Send Message
     
    So if we don't want to build the Keystone pipeline to ship it South ... T/Y Mr. President!
    12 Apr 2012, 03:52 PM Reply Like
  • HoeTamer
    , contributor
    Comments (186) | Send Message
     
    Someone should post this to the White House website. Thank you Mr. President for providing more crude oil to China, we sure could have used it here in the United States.
    12 Apr 2012, 06:09 PM Reply Like
  • Poor Texan
    , contributor
    Comments (3527) | Send Message
     
    His majesty still thinks the sunshine will make oil obsolete in a year or so. Then he turns around and says that he's the reason we're producing more oil. I thought he gave up the heroin highs. Go KMP.
    12 Apr 2012, 10:36 PM Reply Like
  • edko
    , contributor
    Comments (39) | Send Message
     
    Maybe I'm missing something here....the article said that the pipeline will be moving more crude oil from Alberta to Vancouver (a Canadian province to a Canadian city in another province). So how does the U.S. President figure into the equation and why do you assume the crude will go to China and not Japan?
    12 Apr 2012, 11:37 PM Reply Like
  • Poor Texan
    , contributor
    Comments (3527) | Send Message
     
    The Keystone pipeline, which crosses an international boundary and comes under jurisdiction of the administration, was blocked. It was to bring Canadian oil to the Gulf Coast refineries for processing and U.S. use and exports. Now the oil is being shipped west to be shipped to China. Japan cannot absorb that much oil.
    13 Apr 2012, 12:54 AM Reply Like
  • User 463432
    , contributor
    Comment (1) | Send Message
     
    Don't worry about the Keystone pipeline. Kinder Morgan has a pipeline to Oklahoma and Enterprise has pipelines to Texas coasts plus Kinder Morgan has pipelines in Texas. All they have to do is connect pipelines together and its a done deal!
    12 Apr 2012, 11:38 PM Reply Like
  • jsslrd
    , contributor
    Comments (35) | Send Message
     
    Aaaaaand don't forget which firm profits more, the longer the Keystone is stonewalled. Why it's Burlington Northern (BNSF). They'll continue shipping Northern Oil...SOUTH.

     

    Aaaaaaand which pal of our President has a proposed tax RULE named after him?

     

    One more chance: who complains that his secretary pays higher taxes than HE does? Most of us were thinking it was CapGains vs ordinary income. But all along it's being said that HE knew one of his companies is billions of dollars BEHIND in paying Taxes!!!!

     

    Give up?

     

    Watch this space.
    13 Apr 2012, 09:01 AM Reply Like
  • MHA
    , contributor
    Comments (18) | Send Message
     
    The Head Honcho in Washington should pack his bags and get the moving van ready.
    His time for change is now.
    Maybe he can become a lobbyist.
    Four more years will destroy this country we call America.

     

    Bye Bye Mr. President
    15 Apr 2012, 02:49 PM Reply Like
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