Company says pipeline delays could cost $1M a day

[Seedersandleechers]

Source: Kansas City Star via AP

A Canadian pipeline developer that wants to run an oil line through six states to Texas refineries would lose at least $1 million a day and suffer "substantial economic harm" if opponents delay or derail the project, a top executive said in response to a federal lawsuit.

Robert Jones, a TransCanada vice president who is overseeing the hotly contested Keystone XL pipeline project, said in a sworn statement that delays would saddle the company with unavoidable expenses - such as for pre-ordered construction equipment - and damage its relationship with shippers.

"Successful efforts to delay or derail the permitting process will not only affect TransCanada's investment in the Keystone XL, but also result in diminishing the value of the entire Keystone pipeline system," Jones said in an Oct. 7 sworn statement filed in U.S. District Court of Nebraska. "TransCanada has a significant interest in being able to satisfy existing contractual obligations to its shippers on the Keystone XL pipeline."

State Department officials, who have jurisdiction over the pipeline because it crosses an international border, have said they hope to approve or deny a permit for the project by the end of the year.




Read more: http://www.kansascity.com/2011/11/02/3244398/company-says-pipeline-delays-could.html

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Maybe they'll go broke and trash the whole pipeline. Yea, I know, but I can dream can't I?

[KansDem]

1. T.S.

Don't pump your crap across my country!

[Angry Dragon]

2. so was his plan to build the pipeline and then get the permit??

cart before the horse

[Me.]

3. And I Should Care Why?

[Dont call me Shirley]

4. Just saw the huge crack in the glacier, stop the pipeline. WAHHH, to the oil execs!

[Swede Atlanta]

5. Awwww.......

Let me get out a hankie and wipe my crocodile tears from my eyes. I could give a rat's ass if it cost them $1B dollars a day. This is a matter that WE THE PEOPLE should be deciding and not Hillary (God rest her mother's soul) Clinton and Obama should be making. From what I have read this is NOT a good thing.

[Rosa Luxemburg]

6. they could try windmills instead?

[Dover]

7. And the costs of going through with this project are unquantifiably devastating...n/t

[benld74]

8. WHAT does the Risk Assessment Plan say would be the,,,

economic AND environmental HARM when that damn thing leaks into the aquafilter which feeds, now lets see,,, ALOT of states!!!!

WHERE is the damn risk assessment plan!>? THe HELL wih your economics!

[Lint Head]

9. Cost who? It will cost me nothing.

[madrchsod]

10. i heard the pipe is from india and is substandard

http://plainsjustice.org/files/SubstandardSteelReport.pdf


the pipeline will be built and the pipe will fail.

[They_Live]

11. Wouldn't it just be more

feasible to build refineries next to the area where the oil is located???

Not enough evil in that plan, I guess.

[fascisthunter]

12. buy a hanky

[GentryDixon]

13. Boo Effing Hoo.

Ask the people in the Wind River of Wyoming who must have their water trucked in because of fracking for natural gas what it is costing them.

What about the possibility of contamination to the Ogallala Aquifer, which supplies water to a major portion of the water consumed in eight states?

It is time to stop the contamination of our planet before it is too late for our grandchildren to survive.

[SoapBox]

14. That is JUST an estimate!

...another Dog Whistle...

[City Lights]

15. Poor things!

:nopity:

[nineteen50]

16. Money id king!!

[mattvermont]

17. Get thee to Washington DC for the action

Sunday Nov. 6 at the whitehouse

[a simple pattern]

20. And when that action is ignored

Occupy XL

[CHIMO]

18. Revising route could kill Keystone XL: TransCanada

As Nebraska considers the first attempt to divert the Keystone XL project, TransCanada Corp. (TRP-T41.86-0.23-0.55%) is cautioning that any change to the pipeline’s route stands to delay its construction by as much as three years.

It’s the sternest warning yet from TransCanada, which has spent 38 months battling through a lengthy environmental review process on Keystone XL. The $7-billion pipeline would carry crude from the oil sands and northern United States to refineries on the Gulf Coast, and is a major plank in industry plans for expanding Canadian oil output. TransCanada has spent $1.9-billion to secure land and equipment for the project. It has readied itself to begin construction in the new year, in the belief that the State Department will grant its blessing in December.

But Nebraska, where the pipe would cross a delicate ecosystem called the Sand Hills, is contemplating new rules that could dramatically unsettle TransCanada’s plans. On Tuesday, state legislators met briefly to table “Bill 1,” which would give the state authority to change the pipeline’s route.

TransCanada and the speaker of the Nebraska Legislature, a lawyer, have questioned whether such a law can be drafted without falling afoul of U.S. Constitution restrictions on impeding interstate commerce. TransCanada has also questioned whether sufficient political support exists to even pass something like Bill 1.

http://www.theglobeandmail.com/globe-investor/revising-route-could-kill-keystone-xl-transcanada/article2220811/

[jimlup]

19. This is evidence that we are having some success ...

Seriously they will never admit that it is us but they are accessing the costs and realizing that we have raised the cost enough that they are reconsidering!

[Turbineguy]

21. Nah

it must be a least a bazillion per day.

[bahrbearian]

22. But , But , It will create 100,000 jobs, 100,000 Jobs! !!!

but , but are those 100,000 low wage jobs? With more Pollution?

[Nihil]

23. Good.

> A Canadian pipeline developer that wants to run an oil line through six states
> to Texas refineries would lose at least $1 million a day and suffer "substantial
> economic harm" if opponents delay or derail the project

> "Successful efforts to delay or derail the permitting process will not only affect
> TransCanada's investment in the Keystone XL, but also result in diminishing the
> value of the entire Keystone pipeline system,"

Nope, I'm still not seeing a downside here.

:shrug:

[Roland99]

24. Hey! Y'all hear that?!?! It's a WAAAAHMBULANCE!