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Posted: 7/6/2020 1:40:26 PM EDT
[#1]
Real retarded
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Posted: 7/6/2020 1:40:30 PM EDT
[#2]
Quote HistoryQuoted: Or whoever previously moved the oil by tankers. Warren Buffet |
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Posted: 7/6/2020 1:44:41 PM EDT
[#3]
Quote HistoryQuoted: Wow, didn't know that. Looked it up and yep, Italian. Yeah, Silvio also knew and it didn't help. |
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Posted: 7/6/2020 1:45:01 PM EDT
[#4]
Federal judge rules the Dakota Access oil pipeline must be shut down pending a safety review in a victory for the Standing Rock tribe who have protested for years
The pipeline was the subject of months of protests, sometimes violent, during its construction near the Standing Rock Sioux Reservation that straddles the North Dakota-South Dakota border. The underground pipeline was built underneath the Missouri River. The tribe draws its water from the river and fears pollution. The Standing Rock tribe presses litigation against the pipeline even after it began carrying oil from North Dakota across South Dakota and Iowa and to a shipping point in Illinois in June 2017. Tribal Chairman Mike Faith called it a historic day for the Standing Rock Sioux and for those who have protested against the $3.8billion, 1,172-mile underground pipeline that crosses beneath the Missouri River, just north of the reservation. The tribe draws its water from the river and fears pollution. 'This pipeline should have never been built here. We told them that from the beginning,' Faith said in a statement. Jan Hasselman, an attorney for the Standing Rock tribe, tweeted news of Boasberg's ruling and said: 'Stunning.' Texas-based Energy Transfer, the pipeline owner, has insisted the pipeline would be safe. It didn’t immediately respond to a message seeking comment about Boasberg’s ruling.  Continued |
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Posted: 7/6/2020 1:45:12 PM EDT
[#5]
At $40 oil, mosT, if not all, of Shale producers cannot afford to get it out of the ground. This is a non-issue until price increase dramatically.
Canadian oils sands are even more fucked. |
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Posted: 7/6/2020 1:46:30 PM EDT
[#6]
Well I had an order for some more ET filled at $5.98...popped back to $6.60ish already.
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Posted: 7/6/2020 1:47:48 PM EDT
[#7]
Quote HistoryQuoted: Then it’ll be transported by rail. Raise costs a little but it won’t stop shale. Fuck ‘em. Maybe, but that transition won't happen overnight. Takes time (and hundreds of millions of capital investment) to build the tank cars, terminals, and track capacity to do it. And without a long-term commitment from the shippers, no railroad is going to do that. And what shipper is going to walk away from an existing pipeline (sunk cost) until all of the legal options have been exhausted? |
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Posted: 7/6/2020 1:48:07 PM EDT
[#8]
Quote HistoryQuoted: More likely Tom Steyer. He's the rail/trucking guy. Buffett owns BNSF. |
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Posted: 7/6/2020 1:55:24 PM EDT
[#9]
Quote HistoryQuoted: I wonder if Warren Buffet is footing the bill for the plaintiff? BINGO! |
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Posted: 7/6/2020 2:05:28 PM EDT
[#10]
Quote HistoryQuoted: Quote HistoryQuoted: Quoted: Judge on the opec take And that would be Warren Buffett and Berkshire Hathaway Inc.  |
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Posted: 7/6/2020 2:06:39 PM EDT
[#11]
A country run by incompetent lawyers. Yeah... and can see that...
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Posted: 7/6/2020 2:18:24 PM EDT
[#12]
Tribe should be getting it's water from deep wells then...have the oil company drill them a bunch.
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Posted: 7/6/2020 2:21:03 PM EDT
[#13]
Quote HistoryQuoted: I wonder if Warren Buffet is footing the bill for the plaintiff? Follow the money. He owns the railroad.
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Posted: 7/6/2020 2:22:34 PM EDT
[#14]
Quote HistoryQuoted: So how much do y’all think it’s going to cost to make this problem go away? Whole lot of beads. |
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Posted: 7/6/2020 2:31:49 PM EDT
[#15]
Quote HistoryQuoted: I wonder if Warren Buffet is footing the bill for the plaintiff? Since he owns the trains they'll use and not the pipeline I'll bet he at least contributes some of the money. |
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Posted: 7/6/2020 5:14:45 PM EDT
[#16]
Sorry motherfuckers.
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Posted: 7/6/2020 5:26:55 PM EDT
[#17]
Quote HistoryQuoted: Buffett owns BNSF. Yeah, curious how his newfound anti-pipeline evironmentalist passion came to light at about the exact time he came into control of bnsf  Really never understood why everyone thinks of him as their revered old grandpa when in reality he is a cut throat scoundrel. Great businessman, but he is what he is. |
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Posted: 7/6/2020 5:31:00 PM EDT
[#18]
Fuck that judge.
Fuck that ruling. |
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Posted: 7/6/2020 5:37:07 PM EDT
[#19]
Quote HistoryQuoted: phwew ..... the Indians really dodged a bullet there, they almost had a pipeline under "their" land that after a year they would have forgotten it was even there, but thank god it got stopped ..... LOL what a bunch of tards How much do you want to bet their only real interest is in trying to extort some payoff from the oil company and Buffett was willing to pay the tribe more than the oil company? |
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Posted: 7/6/2020 5:43:38 PM EDT
[#20]
Quote HistoryQuoted: The Natural Gas pipeline from WV to NC was just torpedoed too. But hey, it's all for the "good" of "society" because global warming is real and this will save lives. So wear that mask while you freeze to death.  We will be fine.....No shits given if NC freezes to death. It was not so much about "global warming" but land owners getting screwed over and their property values plummeting "for the greater good" of profits. 
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Posted: 7/6/2020 5:44:46 PM EDT
[#21]
Quote HistoryQuoted: Judge on the opec take |
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Posted: 7/6/2020 5:46:25 PM EDT
[#22]
Welp guess the Bakken crude trains will be here to stay.
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Posted: 7/6/2020 6:09:23 PM EDT
[#23]
Quote HistoryQuoted: Classy, as always. Quote HistoryQuoted: Quoted: Quoted: So how much do y’all think it’s going to cost to make this problem go away? A few blankets... Classy, as always. Extremely funny Boo fucking hoo |
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Posted: 7/6/2020 6:10:30 PM EDT
[#24]
Hmmm. US currency is no longer allowed to be gambled inside reservation borders.
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Posted: 7/6/2020 6:26:34 PM EDT
[#25]
I received one royalty check last week in the amount of $0.08.
Yup . . . eight cents. It cost 'em more than that to mail it to me.  |
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Posted: 7/6/2020 6:29:07 PM EDT
[#26]
How much did Warren Buffett pay for this decision?
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Posted: 7/6/2020 6:30:57 PM EDT
[#27]
Quote HistoryQuoted: How much did Warren Buffett pay for this decision? Probably just furloughed enough people to make up the cost. |
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Posted: 7/6/2020 6:32:47 PM EDT
[#28]
Half the country wants to return to the stone age. Another idiotic court ruling.
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Posted: 7/6/2020 7:19:49 PM EDT
[#29]
Quote HistoryQuoted: Maybe, but that transition won't happen overnight. Takes time (and hundreds of millions of capital investment) to build the tank cars, terminals, and track capacity to do it. And without a long-term commitment from the shippers, no railroad is going to do that. And what shipper is going to walk away from an existing pipeline (sunk cost) until all of the legal options have been exhausted? Quote HistoryQuoted: Quoted: Then it’ll be transported by rail. Raise costs a little but it won’t stop shale. Fuck ‘em. Maybe, but that transition won't happen overnight. Takes time (and hundreds of millions of capital investment) to build the tank cars, terminals, and track capacity to do it. And without a long-term commitment from the shippers, no railroad is going to do that. And what shipper is going to walk away from an existing pipeline (sunk cost) until all of the legal options have been exhausted? Terminals and tracks are already there. DAPL was taking their business. This puts the hurt on the Bakken. Adds about a $5/bbl transportation cost above what the WTI price is. DAPL had evened that differential out a bit. Interesting Rez politics at play. DAPL crosses the Fort Berthold Rez, which also has oil. So that Rez is loving it. Meanwhile downstream the Standing Rock Rez got shit. Standing Rock Rez is nuts. And the DAPL intentionally avoided them for obvious reasons. Money won't buy them. If you give them $100 on the condition a white man gets $1 they will tell you to F off. In my opinion DAPL F'd this up. They got cute by zig zagging around the Rez. They should of stayed 25 miles away from the Rez, not 1 mile. |
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Posted: 7/6/2020 7:48:08 PM EDT
[#30]
Quote HistoryQuoted: Federal judge rules the Dakota Access oil pipeline must be shut down pending a safety review in a victory for the Standing Rock tribe who have protested for years The pipeline was the subject of months of protests, sometimes violent, during its construction near the Standing Rock Sioux Reservation that straddles the North Dakota-South Dakota border. The underground pipeline was built underneath the Missouri River. The tribe draws its water from the river and fears pollution. The Standing Rock tribe presses litigation against the pipeline even after it began carrying oil from North Dakota across South Dakota and Iowa and to a shipping point in Illinois in June 2017. Tribal Chairman Mike Faith called it a historic day for the Standing Rock Sioux and for those who have protested against the $3.8billion, 1,172-mile underground pipeline that crosses beneath the Missouri River, just north of the reservation. The tribe draws its water from the river and fears pollution. 'This pipeline should have never been built here. We told them that from the beginning,' Faith said in a statement. Jan Hasselman, an attorney for the Standing Rock tribe, tweeted news of Boasberg's ruling and said: 'Stunning.' Texas-based Energy Transfer, the pipeline owner, has insisted the pipeline would be safe. It didn’t immediately respond to a message seeking comment about Boasberg’s ruling. https://i.dailymail.co.uk/1s/2020/07/06/17/30452386-8494595-image-a-18_1594052653155.jpg Continued I hope they dump it into the river. |
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Posted: 7/6/2020 7:51:37 PM EDT
[#31]
Quote HistoryQuoted: Then it’ll be transported by rail. Raise costs a little but it won’t stop shale. Fuck ‘em. That's why Warren Buffet was against the pipeline. He's invested in the rail transport. ETA: Already said, multiple times! |
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Posted: 7/6/2020 8:37:54 PM EDT
[#32]
Quote HistoryQuoted: Yeah, curious how his newfound anti-pipeline evironmentalist passion came to light at about the exact time he came into control of bnsf Really never understood why everyone thinks of him as their revered old grandpa when in reality he is a cut throat scoundrel. Great businessman, but he is what he is. Quote HistoryQuoted: Quoted: Buffett owns BNSF. Yeah, curious how his newfound anti-pipeline evironmentalist passion came to light at about the exact time he came into control of bnsf Really never understood why everyone thinks of him as their revered old grandpa when in reality he is a cut throat scoundrel. Great businessman, but he is what he is. Buffet has always relied on investing in de facto monopolies. Originally, in companies that dominated be competitive advantage features such as CocaCola, See’s Candies, etc. But around Obama time or some years before he discovered the ultimate monopolies are government regulated or enforced. He much prefers using legal wrangling to establish investing advantage rather than find competitive advantages in the actual product or service. This makes him the worst kind of parasite and corrupter. |
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Posted: 7/6/2020 11:47:11 PM EDT
[#33]
Quote HistoryQuoted: Judge on the opec take 
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Posted: 7/6/2020 11:48:17 PM EDT
[#34]
The district court going to go out there and make them?
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Posted: 7/6/2020 11:52:32 PM EDT
[#35]
Quote HistoryQuoted: That dude was not even native American. He was Italian. Quote HistoryQuoted: That dude was not even native American. He was Italian. If transient Asians are “native” anyone can be. |
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Posted: 7/7/2020 10:47:04 AM EDT
[#36]
So this ruling is a real fuckin' pain in the ass. To comply with the court order the pipeline has to be shutdown immediately and the process of draining hundreds of miles needs to start to meet the 30 day deadline.
Prior to COVID the pipeline was moving 40% of the oil in ND, currently is it moving about 60%. The costs and logistics to make this happen are ridiculous. The legal shitshow is going to drag on for a while I am sure.  Attached File |
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