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To: shove_it

Unfortunately, a lot of Kinder Morgan projects are going to be on hold for several months, due to low oil prices.


12 posted on 01/28/2015 9:08:26 PM PST by Migraine (Diversity is great -- until it happens to YOU.)
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To: Migraine

Pipeline projects are not dependent on oil prices. They are dependent on the difference in oil prices between locations and the volumes used.

The West Texas prices are further depressed due to the increased production rates from the Permian basin and associated pipeline bottlenecks moving the surplus to markets. Also with lower prices, gasoline consumption is rising.


14 posted on 01/29/2015 12:48:42 AM PST by thackney (life is fragile, handle with prayer)
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