Seeking Alpha

Tree-huggers and Texas landowners make an odd but perhaps an effective pair in opposing the...

Tree-huggers and Texas landowners make an odd but perhaps an effective pair in opposing the proposed Keystone pipeline. A Texas judge temporarily halts construction of Keystone's southern leg after a landowner filed a lawsuit against TransCanada (TRP +0.4%) claiming the company had lied about the nature of the project.
From other sites
Comments (5)
  • auto44
    , contributor
    Comments (3108) | Send Message
     
    I've got a hell of an Idea!!!!!! Why don't we get the tree huggers to help us put pressure on the guys with the deep pockets. They are bound to come up with some green to shut us up.
    11 Dec 2012, 03:08 PM Reply Like
  • bigbenorr
    , contributor
    Comments (775) | Send Message
     
    So how did the treehuggers help?
    11 Dec 2012, 03:08 PM Reply Like
  • Uncle Pie
    , contributor
    Comments (3130) | Send Message
     
    the landowner is arguing that the oil from Canada is not actually oil. Amazing that the judge went for it!
    11 Dec 2012, 03:09 PM Reply Like
  • Mike Maher
    , contributor
    Comments (2616) | Send Message
     
    Texas condemnation cases usually go pretty quickly in favor of the pipeline company. I'm surprised this was held up. However, if the tar sands oil doesnt meet the Texas definition of oil, the landowner does seem to have a strong legal standing.
    11 Dec 2012, 03:11 PM Reply Like
  • bgold1955
    , contributor
    Comments (2105) | Send Message
     
    If you are a landowner in which Keystone pipeline goes through your land, it does not matter if you are from Texas, OK, Kansas, Nebraska, etc., you have a right to fully understand risk/reward. Keystone is not your typical gas/oil pipeline and from what I have read, there is a bit more risk due to the thickness of the oil sands and the different technology required to keep it flowing. Hopefully, both sides can come to an agreement.
    11 Dec 2012, 03:13 PM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Tools
Find the right ETFs for your portfolio:
Seeking Alpha's new ETF Hub
ETF Investment Guide:
Table of Contents | One Page Summary
Read about different ETF Asset Classes:
ETF Selector