General Discussion

dixiegrrrrl

(60,010 posts) Mon Oct 31, 2016, 09:49 PM Oct 2016

Important info about that pipeline here that caught fire

Wikipedia says:

Colonial consists of more than 5,500 mi (8,900 km) of pipeline, originating at Houston, Texas, and terminating at the Port of New York and New Jersey.
The pipeline travels through the coastal states of Texas, Louisiana, Mississippi, Alabama, Georgia, South Carolina, North Carolina, Virginia, Maryland, Pennsylvania, and New Jersey. Branches from the main pipeline also reach Tennessee.

Colonial Pipeline's owners include Koch Industries (a.k.a. Koch Capital Investments Company LLC, 28.09% stake ownership),

South Korea's National Pension Service and Kohlberg Kravis Roberts (a.k.a. Keats Pipeline Investors LP, 23.44% stake ownership),
Caisse de dépôt et placement du Québec (16.55% stake ownership),
Royal Dutch Shell (a.k.a. Shell Pipeline Company LP, 16.12% stake ownership),
and Industry Funds Management (a.k.a. IFM (US) Colonial Pipeline 2 LLC, 15.80% stake ownership).

So when it "spilled" last week and now caught fire, the news commented that gasoline prices would be affected for the entire SE.
I can see, given how big it is, and that they now have closed the entire line.

5 replies

= new reply since forum marked as read

Highlight:

Important info about that pipeline here that caught fire (Original Post) dixiegrrrrl Oct 2016 OP

I smell a rat KelleyKramer Nov 2016 #1

Here in western NC, we have been paying higher prices for weeks to make up for previous leak wishstar Nov 2016 #2

1.95 a gallon here in our lil rural town in Ala. n/t dixiegrrrrl Nov 2016 #3

Gee whiz, you libruls! gratuitous Nov 2016 #4

I'd say if 70% of the regulations are eliminated, we'll have 70% savings dalton99 Nov 2016 #5

KelleyKramer

(8,985 posts)

1. I smell a rat

Reply to dixiegrrrrl (Original post)

Tue Nov 1, 2016, 01:43 AM

Nov 2016

Saw video of this on the news, the flames were shooting up above the tree line, which I would guess is over 40 foot high flames. My first thought was it was either sabotage or they let it happen on purpose.

This reminds me of the old internet meme (Bartcops law #3, I think??) that says ... If a rich asshole/corporation makes a mistake and they make a large profit out of it, you can expect them to make the same mistake over and over again

wishstar

(5,271 posts)

2. Here in western NC, we have been paying higher prices for weeks to make up for previous leak

Reply to dixiegrrrrl (Original post)

Tue Nov 1, 2016, 05:17 AM

Nov 2016

When last leak occurred recently, prices skyrocketed up to 20 cents or more a gallon and have stayed up for several weeks now at all the stations. Never did come back down to prices before leak, so we are paying for their infrastructure problems. This latest catastrophe seems even worse.

dixiegrrrrl

(60,010 posts)

3. 1.95 a gallon here in our lil rural town in Ala. n/t

Reply to wishstar (Reply #2)

Tue Nov 1, 2016, 11:15 AM

Nov 2016

gratuitous

(82,849 posts)

4. Gee whiz, you libruls!

Reply to dixiegrrrrl (Original post)

Tue Nov 1, 2016, 11:22 AM

Nov 2016

Colonial Pipeline has 5,500 miles of pipeline, and all you can do is complain about an itty bitty section of one pipe that had a little problem. Just for that, pay an extra dollar a gallon for gas, and see how you like it. This just shows that we need less regulation and inspection of pipelines, not more.

Yeah, it's snark. In a week or so, though, you're going to see this put forth as a serious argument by Colonial and its toadies.

dalton99

(781 posts)

5. I'd say if 70% of the regulations are eliminated, we'll have 70% savings

Reply to gratuitous (Reply #4)

Tue Nov 1, 2016, 11:27 AM

Nov 2016

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