Kinder Morgan?

[bob vernon]

The smart investors have started to bail on this project. Even on day one. Despite Justin, Christie, Alberta's Rachel, and Saskatchewan's Bradster all insisting that the project will go ahead, cuz "it has Federal approval", the value of the Initial Public Offer of this stock started trending downward as soon as it was released.

Why? Because despite Christie vacating provincial responsibility on this issue, the NDP and Green coalition can still put the brakes on the project, no matter how much Kinder Morgan wants the project. Every provincial responsibility can be thrown at Kinder Morgan. Increased inspections, paid for by KM. Increased taxation on pipeline right of way. Higher, much higher, even ridiculously higher, provincial standards for every step of the project.

[spooker]

I'm glad to see this result as I don't feel this project is in the best interests of anyone besides Kinder Morgan and the other corporations that are pulling the material out of the ground ...

I'm sorry Alberta but we need to think responsibly about more than our economy ... pain now for a better life down the road with more diversification

Yes, some of my friends were affected negatively by the downturn of the oil prices ... they've moved on ...

Can someone explain why the federal government still claims this is the best thing to do based on the evidence? is there something that I'm missing? how does this help the environment?

"It's been taken by the federal government. It was taken by a federal government that was committed to balancing and driving towards two goals at the same time: environmental sustainability and economic growth on behalf of the whole country."

Notley from this article today: https://www.castanet.net/news/Canada/198256/Notley-Mark-my-words

[GordonH]

Once Keystone XL oil pipeline gets going Alberta bitumen will be flowing South & Rachel Notley may not give a damn if Kinder Morgan gets going.

Because Rachel wants Alberta jobs to grow

Added later: I'm not saying I am for or against pipelines

[Smurf]

I'm for them, because for the time being and probably a long time oil is going to flow for many more reasons than the automobile. remove anything from your life that has petroleum products in it or used by it and see what I mean. Pipelines gallon for gallon are by far the safest way to move oil. Also it takes a ton of large truck traffic off our roads which is a good thing in many ways. It's a simple as that to me.

[Jlabute]

I am all for a pipeline that allows chocolate eggs with toy to flow.
Or bitumen, I'm easy.

[Jflem1983]

I support oilfield jobs . Those guys work hard. I used to work on the drilling rigs . That's serious work . Whatever you think of oil. You can't fault the guys out there making a living . To deny this pipeline is so silly. We need more pipelines . Did you know ... each house that is on natural gas . Has a pipeline running right into it . How scary right . Lol . So please if you are against this pipeline. Go turn off your gas valve this winter . Heat your home with solar . Or wind . Please . Do it for safety and for butterflies.

[maryjane48]

I'm for them, because for the time being and probably a long time oil is going to flow for many more reasons than the automobile. remove anything from your life that has petroleum products in it or used by it and see what I mean. Pipelines gallon for gallon are by far the safest way to move oil. Also it takes a ton of large truck traffic off our roads which is a good thing in many ways. It's a simple as that to me.

any plastic can be made from hemp oil . your wrong again and any thing else. your argument is baseless and pointless . oils done just like your drug war

[spooker]

I support oilfield jobs . Those guys work hard. I used to work on the drilling rigs . That's serious work . Whatever you think of oil. You can't fault the guys out there making a living . To deny this pipeline is so silly. We need more pipelines . Did you know ... each house that is on natural gas . Has a pipeline running right into it . How scary right . Lol . So please if you are against this pipeline. Go turn off your gas valve this winter . Heat your home with solar . Or wind . Please . Do it for safety and for butterflies.

I'd never fault the guys out in the field, they're doing the job they were asked to do.

And no, I don't deny that much of our materials are developed from oil products. Used to design VDUs back in the early-90s and being able to fraction everything out efficiently was the whole reason for our endeavours.

But I question the need for "more and more" ...

p.s. good fun with the natgas request

[khutchi]

Kinder Morgan
Short Term <10 years : Benefits BC a lot
Long Term : Benefits Alberta, Exposes us for no benefit
Long Long Term: Everyone Loses

[f/22]

The smart investors have started to bail on this project. Even on day one. Despite Justin, Christie, Alberta's Rachel, and Saskatchewan's Bradster all insisting that the project will go ahead, cuz "it has Federal approval", the value of the Initial Public Offer of this stock started trending downward as soon as it was released.

Why? Because despite Christie vacating provincial responsibility on this issue, the NDP and Green coalition can still put the brakes on the project, no matter how much Kinder Morgan wants the project. Every provincial responsibility can be thrown at Kinder Morgan. Increased inspections, paid for by KM. Increased taxation on pipeline right of way. Higher, much higher, even ridiculously higher, provincial standards for every step of the project.

More than one reason to bail. Their 'dog and pony' for investors is probably just as big a joke as this quickly wallpapered story was.

http://www.fitzhugh.ca/trans-mountains- ... -the-line/

[f/22]

[Urban Cowboy]

I'd say Rex nailed it.

[alfred2]

[Btfsplck]

The oil will move to markets regardless if the KM 2nd pipe gets build. Railways are, and will be, happy to move it.
I'd rather it move by pipe than rail, but move it will, no matter how much the anti's protest.

I'm sure hemp oil is fantastic, but seriously, you expect it to replace dino oil?

[Glacier]

Here's Rex's article on a similar vein... Rex Murphy: B.C.’s Greens and NDP prove anti-oil types won’t settle for anything but crushing Alberta