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elys

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  • Regulators approve a 100K bbl/day expansion of Shell's (RDS.A, RDS.B) proposed Jackpine oil sands project in Alberta, but include an unprecedented list of warnings about the negative impacts on the environment and on aboriginal communities. The ruling could be a harbinger for two other controversial regulatory decisions, the Northern Gateway oil sands pipeline and Athabasca Oil’s Dover project[View news story]
    Just as they did the Alaskan Pipeline.
    Jul 11, 2013. 08:26 AM | Likes Like |Link to Comment
  • Even if the U.S. approves the Keystone pipeline (TRP), analysts say it won't be enough to sop up Canada's oil glut and would only temporarily alleviate the lack of pipeline infrastructure, meaning Canadian crude oil probably will remain the cheapest in the world. But a decision blocking Keystone would make the problem worse, reducing spending on oil sands projects by ~$9.4B during 2014-17. [View news story]
    I do believe that the ETP explosion in 'rural' Louisiana just turned heads in TRP's direction...for the worst.
    Jun 19, 2013. 06:28 AM | Likes Like |Link to Comment
  • TransCanada (TRP), which says Keystone XL will be the safest pipeline ever built, isn’t planning to use infrared sensors or fiber-optic cables to detect spills along the system’s 2,000-mile path to Texas refineries from fields in Alberta, Bloomberg reports. The pipeline would have to be spilling more than 12K bbl/day before its currently planned internal spill-detection systems would trigger an alarm. [View news story]
    With the explosion in the ETP line in 'rural' Louisiana, pro-environmentalists will be all over TRP. So much for hopes of rationality. Common sense just got a backslide.
    Theriots, Boudreaux's, and Jindal---what an internal joke.

    Why not laser detection? At 12,000 bbls before anything 'kicks in', why haven't the powers that be, put in drastic failsafes to warn of 'cracks', IF they want approval?
    Jun 19, 2013. 06:11 AM | Likes Like |Link to Comment
  • Another day, another Gulf state industrial explosion, as a Florida Gas Transmission natural gas line, owned by Energy Transfer Partners (ETP -0.8%), exploded in rural Louisiana this morning. No injuries or significant property damage was reported; a section of the pipeline was shut and natural gas rerouted to customers along other parts of the system. (earlier: I, II[View news story]
    Accidents happen. No loss of life, property. Where the hell did this happen? As in 'where in Louisiana?'
    Jun 19, 2013. 06:06 AM | Likes Like |Link to Comment
  • BP Is A Tempting Value Bet, But What Are The Risks And How Do You Hedge Them? [View article]
    It was the company in charge of the blow-out preventer, and the ramifications of the 'blow'...not BP.
    When ships were blowing water on the rig, all was okay, it was standing.
    When the Almighty Coast Guard came in and told those ships to 'stand down' the rig collapsed.
    Now who is to blame?

    Certainly not BP, and I'll be around in three years to say this again.
    Jun 8, 2013. 11:43 AM | 1 Like Like |Link to Comment
  • BP's $8B settlement with Gulf of Mexico spill victims may have hurt more than it helped, according to a Bloomberg report. “BP hoisted itself” when its attorneys didn’t negotiate a requirement that businesses prove their losses were caused by the spill in order to get paid, one trial lawyer says. Instead, BP must rely on a U.S. court to rein in awards such as a $21M payout to a rice mill 40 miles from the coast whose revenue rose the year of the spill. [View news story]
    Use your own money, but use your brain along with it.
    Jun 6, 2013. 08:16 AM | Likes Like |Link to Comment
  • BP's $8B settlement with Gulf of Mexico spill victims may have hurt more than it helped, according to a Bloomberg report. “BP hoisted itself” when its attorneys didn’t negotiate a requirement that businesses prove their losses were caused by the spill in order to get paid, one trial lawyer says. Instead, BP must rely on a U.S. court to rein in awards such as a $21M payout to a rice mill 40 miles from the coast whose revenue rose the year of the spill. [View news story]
    doc47...quite the opposite. Every comment has illuminated what BP is up against. The US Justice Dept. should take steps in proving each and every claim from Louisiana.
    My vote is for BP.
    Jun 6, 2013. 08:09 AM | 1 Like Like |Link to Comment
  • BP's $8B settlement with Gulf of Mexico spill victims may have hurt more than it helped, according to a Bloomberg report. “BP hoisted itself” when its attorneys didn’t negotiate a requirement that businesses prove their losses were caused by the spill in order to get paid, one trial lawyer says. Instead, BP must rely on a U.S. court to rein in awards such as a $21M payout to a rice mill 40 miles from the coast whose revenue rose the year of the spill. [View news story]
    I would stand by BP in a heartbeat, knowing what I know about the people in Louisiana. Don't leave out multiple claims, with soc sec numbers from the 'dead'.
    Jun 5, 2013. 12:27 PM | 3 Likes Like |Link to Comment
  • BP's $8B settlement with Gulf of Mexico spill victims may have hurt more than it helped, according to a Bloomberg report. “BP hoisted itself” when its attorneys didn’t negotiate a requirement that businesses prove their losses were caused by the spill in order to get paid, one trial lawyer says. Instead, BP must rely on a U.S. court to rein in awards such as a $21M payout to a rice mill 40 miles from the coast whose revenue rose the year of the spill. [View news story]
    doc47...you only have to come to the southernmost tip of Louisiana, to realize how stupid and consistently greedy the people are. I was around, watching drunks stagger into the BP file-a-claim office across the bayou.
    Who is more crooked...BP or the Louisiana people who filed fraudulent claims?
    Now, with the shrimping season so bad, these same people will become more hostile and 'revise' their claims upwards.
    I can only hope someone sees the sense in my words.
    Jun 5, 2013. 11:42 AM | 2 Likes Like |Link to Comment
  • The Republican-controlled House last night approved a bill saying a presidential permit was not needed to approve the Canada-to-Nebraska leg of the Keystone XL pipeline (TRP), but the vote may have emboldened opposition, as 50 fewer Democrats backed the bill than a similar one a year ago. The bill's fate in the Senate is uncertain, and Pres. Obama has promised a veto. [View news story]
    IMO, Obama must approve this pipeline. The harsh reality of his vetoing, ultimately, this bill should be enough to make Americans realize how wrong this man is, for our times. And oil 'justice.'
    May 23, 2013. 12:12 PM | 2 Likes Like |Link to Comment
  • While controversy continues over the northern leg of the Keystone XL pipeline, construction of the $2.3B southern section connecting the Cushing, Okla., hub with the Texas coast is more than 75% complete and proceeding on schedule, TransCanada (TRP -0.7%) says. The 485-mile southern leg will be able to move 700K bbl/day of oil when completed. [View news story]
    I'm all in for this pipeline.
    May 23, 2013. 12:06 PM | 1 Like Like |Link to Comment
  • The Republican-controlled House last night approved a bill saying a presidential permit was not needed to approve the Canada-to-Nebraska leg of the Keystone XL pipeline (TRP), but the vote may have emboldened opposition, as 50 fewer Democrats backed the bill than a similar one a year ago. The bill's fate in the Senate is uncertain, and Pres. Obama has promised a veto. [View news story]
    Such a big to-do over TRP, when the same EPA, Greenpeace, etc.,
    said almost the same things about the Alaska Pipeline, years ago.
    And they landed hard for being wrong.
    May 23, 2013. 09:04 AM | 1 Like Like |Link to Comment
  • Texas on Friday became the latest state to sue BP, Halliburton (HAL) and others tied to the 2010 Gulf of Mexico oil spill, alleging the parties "engaged in willful and wanton misconduct." The Texas lawsuit asks for money for various reasons including sales and hotel occupancy taxes the state says it didn't receive because visitors didn't go to its Gulf Coast communities due to the spill. [View news story]
    Missing 'hotel occupancy'...that is beyond a doubt, the most money-hungry statement I've read.
    May 20, 2013. 09:14 AM | Likes Like |Link to Comment
  • Mart Resources: A 14% Yield And Big Catalysts [View article]
    Thank you very kindly.
    May 13, 2013. 07:37 AM | Likes Like |Link to Comment
  • Mart Resources: A 14% Yield And Big Catalysts [View article]
    After reading all the comments: How does this affect dividends, except for the dividends going down?

    Thanks, guys.
    May 12, 2013. 08:07 AM | Likes Like |Link to Comment
COMMENTS STATS
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13 Likes