Why We Should Love Oil Pipelines

The Keystone XL Pipeline remains the poster child for unwanted oil and gas pipelines.

This TransCanada Corp owned pipeline would shorten the distance between two existing points on the greater Keystone Pipeline, from Hardisty, Alberta, to Steele City, Nebraska.

The XL section drew protests and sit-ins, even though the owner had completed all environmental requirements. The fact that it would carry oil over a shorter distance than the original path didn’t matter either.

The Obama administration sat on the approval, which tacitly meant not approved. President Trump signed off on the pipeline early in his tenure, much to the chagrin of environmentalists.

Stories like this make the news, but they distort reality…

There are plenty of us who love pipelines. It’s not the thousands of miles of steel and concrete that attract us. It’s what all of it represents: jobs and industry.

Recently, the Gulf Connector Project, developed by Williams, was opened for business. The Gulf Connector taps into the 10,000-mile Transco pipeline that extends from South Texas to New York City. It delivers natural gas across the Southeastern and Eastern U.S.

We need these pipelines because Americans are using more natural gas, which is a good thing.

As our economy and our population grows, we use more energy. Natural gas burns cleaner than coal. Switching from coal to natural gas is much better for the environment. And it allows us to use an inexpensive, domestic resource.

And we’re not keeping all the good news for ourselves…

We’re becoming a major exporter of natural gas by shipping much of it through existing pipelines to Mexico. And now we liquefy the fuel for transport on liquified natural gas (LNG) ships.

The newest addition to the Gulf Connector Project brings gas from the Transco Pipeline to the LNG export facilities at Corpus Christi, Texas, and Freeport, Texas. The Gulf Connector already delivers LNG for export to the Sabine Pass Liquefaction project in Cameron Parish, Louisiana.

1 2
View single page >> |

As for investing in the sector, that’s generally done through MLPs, which Charles Sizemore ...

more
How did you like this article? Let us know so we can better customize your reading experience. Users' ratings are only visible to themselves.

Comments

Leave a comment to automatically be entered into our contest to win a free Echo Show.