If it was already approved this is a political stunt that will get overturned in court just as the Gulf Oil drilling freeze was overturned.
Thank you for posting that link. lol
I’m pretty happy about today’s outcome.
I know. I can’t wait for the days when we are looking out for multi-billion-dollar oil companies again.
I’m sure they appreciate all your support for them.
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Considering they don’t have that great aprofit margin I’m not sure what your point is. It seems like common sense to make that money in this country and benefit from the taxes instead of sending it overseas to countries that sponsor terrorism.
You keep bringing this up like you somehow think that a 6.5% profit margin is low.
What do you think the average profit margin is for a company?
What do you think would be a healthy profit margin for the oil companies to have?
Not sure what company’s profit margin is listed as 6.5% (I refuse to click any Forbes link on principle), but if that’s the pipeline company’s profit margin that seems about average. Remember, pipelines along with gas/oil storage companies and gas/oil distribution companies are basically infrastructure/utility companies and don’t generally run high margins, but they generally have pretty stable business. Pipeline capacity is usually sold out by contract long before the pipeline is built (and a pipeline that is under-capacity represents a business mistake by the company that built it), and the pipeline rates are actually Federally regulated.
In that industry the big margins generally come from companies doing the resource exploration/extraction, because that’s also where most of the risk is.
I gave a cite that talked about it. Is there something in the article you’d like to discuss?
Aaaaaannnd thanks for participating in the discussion. Since you can’t be bothered to read the article I refuse to read anything else you post on the subject.
See how that works.
Just that a 6.5% profit margin is pretty nice. Most businesses would be pretty happy with a margin like that. (Especially when it is 6.5% on tens of billions a year.)
So, when you do your whining that they only get a 6.5% profit margin, it kinda undercuts your entire line of “argument.”
I’ve actually edited my Hosts file to not even let me go to Forbes.com links, so it’s out of my hands–but I was talking to the broad thread, not necessarily concerned about individual-level choices about conversation engagement.
And as I’ve already said, unless you’re talking production companies, lofty profit margins aren’t a feature of transmission companies generally, they’re much more of a utility play.
I don’t think this is correct. The rationale for low profit margins at utility companies is that they are extremely low risk. They have monopolies on providing service and their rates are set by the government regulators at levels that ensure profits.
None of the above is true of pipeline companies, which are much higher risk and can and have lost money when the industry has a downturn (or if they mess up).
This isn’t accurate, pipeline rates are actually Federally regulated by FERC:
The so-called “protest” portion of this issue will be over soon. It was -16F there last night.
Also Oil & Gas Pipeline industry averages a 6.1% net margin.
“regulated” is not the same thing as “set”.
All these rates are negotiable, and in fact have been negotiated downwards of late, due to the downturn in energy prices. Which is in addition to not having a monopoly on delivery, as mentioned.
Snopes seems to be suggesting that this may be a misinterpretation of the ETP statement. Also, the fine appears to actually be $50,000 a day, not $5,000. Though it’s still a lot less than what the company claims to be losing per day.
I’d bet money that once the protesters have left and the media has forgotten about this, an easement will be granted and business will continue as usual. What better way to shut up the protesters than to pretend to give them what they want?
The protesters seem aware of that and that’s just what they’re expecting.
Who are you and what have you done with bricker?
ETP has put $3.7bn into the project so far, so I’d frankly be shocked if they just said “oh well time to go home.” But I’ve also heard on 1/1/2017 if the pipeline isn’t active they lose all their contracts, sadly like a lot of heavily politicized issues now it’s difficult to sift through truth/fiction. And I guess stuff like their contracts with companies who want pipeline capacity are probably not public information.
The biggest protections against Trump overreach comes down, I believe, to a traditional restraint in which Presidents don’t give political orders to regulators who are supposed to be apolitical. But as a matter of law I’m not sure there’s not legal stuff Trump could do to just reverse course, because he doesn’t seem too concerned about doing things no other President would do due to fear of it being improper. I also think the biggest x factor is whether Trump cares or not, he has a scattershot mind from what I can tell and if this isn’t something that gets his attention he likely won’t do anything.