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102ndreg

102ndreg
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  • Rail is no longer seen as just a stopgap for transporting oil until pipelines are built. Case in point: Kinder Morgan Partners' (KMP) proposed 277K bbl/day Freedom pipeline would be the first to bring light, sweet oil from Texas' Permian Basin to California, but refiners Valero (VLO), Tesoro (TSO) and Phillips 66 (PSX) won't sign contracts to use Freedom, preferring the flexibility of rail cars and barges. [View news story]
    just an old bird (90) with wide interests and a new desktop computer that absorbs lots of time.
    May 26 08:12 AM | Likes Like |Link to Comment
  • Rail is no longer seen as just a stopgap for transporting oil until pipelines are built. Case in point: Kinder Morgan Partners' (KMP) proposed 277K bbl/day Freedom pipeline would be the first to bring light, sweet oil from Texas' Permian Basin to California, but refiners Valero (VLO), Tesoro (TSO) and Phillips 66 (PSX) won't sign contracts to use Freedom, preferring the flexibility of rail cars and barges. [View news story]
    Cannot figure the costs- seems labor to fill rail oil tanks and crews to service along the entire line would boost costs vis a vis pipelines.; also mile long oil trains (which we've had in this area of PA) are likely to be more a spill problem then pipeline breaks!. edwhauck
    May 26 08:10 AM | Likes Like |Link to Comment
  • Vanguard's recent expense reduction means 9 of its 10 sector ETFs are now the cheapest available to U.S. investors. With an annual expense ratio of just 0.14%, VOX, VPU, VCR, VDC, VDE, VHT, VIS, VGT, and VAW stack up favorably vs. the 0.18% charged  by State Street's Sector SPDRs (XLU, XLY, XLP, XLE, XLF, XLV, XLK, XLI, XLB and XTL which charges 0.35%) and the 0.47%-0.48% iShares sector ETFs (RXI, KXI, IYE, IYF, IYZ, IYH, IDU, IYW, IYM, IYJ) charge. At 0.19%, Vanguard Financials (VFH) is still slightly more expensive than the Financial SPDR (XLF). [View news story]
    Well.no surprise. Vanguard as long been fund busines lowest expense leader. e.b.h.
    Jan 8 03:59 PM | Likes Like |Link to Comment
  • Annaly: REIT Panic Ahead [View article]
    That JP Morgan guy talks about risks. Oy vey; or if you prefer 'heavans to Jamie Dimon, demon of Wall street! Just a retired olde guy-holder of NLY since recommended by James Grant a few years back who depends on investment income- no pension; just saved as much as possible during working years and depend on my wits!
    May 14 03:22 AM | 1 Like Like |Link to Comment
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