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  • Keating Capital: A Business Model Doomed To Fail [View article]
    Is this the same Keating that robbed (with the aid of McCain, one of the Keating Five, who should have gone to jail with him but he still struts his stuff in the Senate) and destroyed Savings and Loan losing a host of working class people there retirement savings. If it is, how is able to work in the Financial field and put others at risk.
    May 31, 2013. 03:14 PM | 1 Like 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]
    This needs an explanation of "the flexibility of Rail Cars and Barges".
    Without the knowledge of the whole transfer procedure from well head to Rail Car or Barge and then to Refiner it would appear that turning a spigot is simpler. Can an analogy be made of a homeowner getting his energy source from Fuel Oil distributed by a local supplier by truck or from Natural Gas piped in from a municipal distribution system? Me thinks there is more to this than meets the eye and maybe the Refiners should be asked for their reasoning.
    May 24, 2013. 05:36 PM | 3 Likes Like |Link to Comment