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Seaway pipeline's good news / bad news

GasBuddy Blog -- Oil infrastructure improvements that enable cost-effective and timely product delivery are supposed to be applauded. But in this case we may hear the sound of one hand clapping.

When NYMEX crude oil surpassed $96 per barrel Thursday, it reached the highest level in four months as service began on the expanded Seaway pipeline, and, heating oil also jumped.

Oil futures increased after Seaway resumed service to the Gulf Coast from Cushing, Oklahoma, on Jan. 11. Bloomberg says the Seaway Pipeline's increased capacity of 400,000 barrels a day may help ease a glut at Cushing that has held down prices of West Texas Intermediate crude.

The 500-mile (805-kilometer) Seaway pipeline resumed full service after shutting...

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Submitted Jan 25, 2013 By: PD

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honda0105 Champion Author Tallahassee Posts:18,643 Points:1,611,470 Joined:Nov 2008	Message Posted: Jan 30, 2013 5:48:43 AM Ignore honda0105 Report Abuse jethro: it's called Pig Oil logic lol.
bston Champion Author Oklahoma City Posts:1,825 Points:644,000 Joined:Mar 2011	Message Posted: Jan 26, 2013 2:22:15 PM Ignore bston Report Abuse Prices are on their way up again, & sharply up.
jethro5000 Champion Author Kentucky Posts:1,887 Points:393,185 Joined:Jun 2005	Message Posted: Jan 26, 2013 12:39:03 PM Ignore jethro5000 Report Abuse So, capacity increased and the futures price increased? Something sounds wrong with that...
isem Champion Author Missouri Posts:1,936 Points:425,135 Joined:Feb 2012	Message Posted: Jan 26, 2013 6:15:45 AM Ignore isem Report Abuse Old news.
Hunter724 Champion Author New Hampshire Posts:8,131 Points:1,648,025 Joined:Sep 2008	Message Posted: Jan 26, 2013 6:09:23 AM Ignore Hunter724 Report Abuse Gas went up 4 to 10 cents a gallon yesterday..
ManOfLeisureII Champion Author Philadelphia Posts:1,884 Points:456,100 Joined:Jan 2012	Message Posted: Jan 26, 2013 6:08:01 AM Ignore ManOfLeisureII Report Abuse Good luck raising the money without those nasty investors who, gasp, expect to make a, oh my, profit....let us know when you start working for free.
WR-INC Champion Author Twin Cities Posts:39,504 Points:3,626,285 Joined:Dec 2002	Message Posted: Jan 26, 2013 6:03:01 AM Ignore WR-INC Report Abuse LeeFree is correct. Such investors cost all of us, reap rewards upon themselves, and contribute nothing of value to the system. Sort of like lawyers and politicians.
alphanyr Champion Author Connecticut Posts:4,845 Points:677,700 Joined:Apr 2011	Message Posted: Jan 26, 2013 6:00:47 AM Ignore alphanyr Report Abuse Ok
ILVET Champion Author Illinois Posts:14,804 Points:2,927,565 Joined:Jan 2005	Message Posted: Jan 26, 2013 5:58:52 AM Ignore ILVET Report Abuse Gas jumped a dime here yesterday
jcdakota Champion Author Baltimore Posts:1,347 Points:361,345 Joined:Nov 2010	Message Posted: Jan 26, 2013 5:56:41 AM Ignore jcdakota Report Abuse The consumers pay every time big oil can find something to tie a price on!!!
LeeFree Champion Author Pittsburgh Posts:9,161 Points:2,245,400 Joined:Jun 2005	Message Posted: Jan 26, 2013 5:56:29 AM Ignore LeeFree Report Abuse It's become clear that no matter how much suppply there is and how readily available it is for refining, oil prices are going to remain high. We are at the mercy of greedy Wall Street investors. Repeal the laws that allow this and force investors to take delivery if they hold a futures contract. Then it will go back to fair market pricing.
swede Champion Author Cleveland Posts:3,777 Points:1,677,950 Joined:Feb 2003	Message Posted: Jan 26, 2013 5:56:13 AM Ignore swede Report Abuse We just need to improve our pipeline delivery system around the country.
FBI2991 Champion Author Michigan Posts:4,220 Points:1,141,815 Joined:Nov 2008	Message Posted: Jan 26, 2013 5:56:10 AM Ignore FBI2991 Report Abuse Old news
tomok Champion Author Portland Posts:33,070 Points:2,347,460 Joined:Aug 2006	Message Posted: Jan 26, 2013 5:50:30 AM Ignore tomok Report Abuse Seaway pipeline's good news / bad news? Improving the pipeline flow to relieve the oil glut at Chushing should be 'A Good Thing' BUT do not increase fuel prices at the pump because of it! Or are fuel prices going up at the pump anyway, no matter what else happens? Vehicle manufactures Produce and the population ‘Drives’ vehicles with high MPG, are very safe, reliable, have a ‘reasonable’ cost and a good ‘value’ for the money. The price of fuel at the pump is too high! XII/XXII/MMXII! - The Day After......
jobo74 All-Star Author Ontario Posts:941 Points:777,710 Joined:May 2010	Message Posted: Jan 26, 2013 5:48:06 AM Ignore jobo74 Report Abuse brutal
fillerupyeoww Champion Author Columbus Posts:5,890 Points:1,651,390 Joined:Mar 2008	Message Posted: Jan 26, 2013 5:47:46 AM Ignore fillerupyeoww Report Abuse Economics 101
Bruno44 Champion Author Texas Posts:7,085 Points:1,770,145 Joined:Sep 2007	Message Posted: Jan 26, 2013 5:44:37 AM Ignore Bruno44 Report Abuse Speculation and flatulation combined.
Beau2140 Champion Author New York Posts:8,306 Points:1,659,110 Joined:Oct 2008	Message Posted: Jan 26, 2013 5:43:59 AM Ignore Beau2140 Report Abuse Higher prices have started.
AvantiMick Champion Author Indiana Posts:12,751 Points:2,544,475 Joined:Dec 2005	Message Posted: Jan 26, 2013 5:40:19 AM Ignore AvantiMick Report Abuse Oh hell yes, let's not keep prices down when we can screw the American consumer!! We should not be paying the same prices for US oil that Middle East oil costs.
gravityhurts Champion Author North Carolina Posts:4,103 Points:939,455 Joined:Sep 2008	Message Posted: Jan 26, 2013 5:39:33 AM Ignore gravityhurts Report Abuse Old story
bart_reed Champion Author Los Angeles Posts:3,984 Points:787,580 Joined:Mar 2011	Message Posted: Jan 26, 2013 5:38:28 AM Ignore bart_reed Report Abuse Good for exports.
bassakwards007 Champion Author Orange County Posts:1,142 Points:246,170 Joined:Aug 2012	Message Posted: Jan 26, 2013 5:37:33 AM Ignore bassakwards007 Report Abuse Higher prices no doubt
billy44bo Champion Author Mobile Posts:7,217 Points:1,492,820 Joined:Feb 2008	Message Posted: Jan 26, 2013 5:30:34 AM Ignore billy44bo Report Abuse Greed runs the oil market
SilliesRock Champion Author Detroit Posts:2,192 Points:1,164,695 Joined:Oct 2008	Message Posted: Jan 26, 2013 5:29:42 AM Ignore SilliesRock Report Abuse The bad news is...Obama is president.
pfone1847 Champion Author Illinois Posts:3,196 Points:625,530 Joined:Oct 2010	Message Posted: Jan 26, 2013 5:21:31 AM Ignore pfone1847 Report Abuse Sounds like we are going to pay more no matter what.
no_monkey2002 Champion Author Tallahassee Posts:8,425 Points:2,072,900 Joined:Mar 2006	Message Posted: Jan 26, 2013 5:20:05 AM Ignore no_monkey2002 Report Abuse they must use Virgra
comprof Champion Author Houston Posts:6,870 Points:1,358,700 Joined:Jul 2009	Message Posted: Jan 26, 2013 5:18:57 AM Ignore comprof Report Abuse Up and up!
Z06KY Champion Author Louisville Posts:5,155 Points:907,665 Joined:Nov 2010	Message Posted: Jan 26, 2013 5:15:30 AM Ignore Z06KY Report Abuse And the prices will climb today.
rwrMO Champion Author Missouri Posts:2,546 Points:581,170 Joined:Jun 2011	Message Posted: Jan 26, 2013 5:13:25 AM Ignore rwrMO Report Abuse Ok
Foxt Champion Author Minnesota Posts:5,270 Points:2,022,280 Joined:Jul 2006	Message Posted: Jan 26, 2013 5:13:20 AM Ignore Foxt Report Abuse Price never seems to effect such things now does it?
SteveMartin Champion Author New Orleans Posts:4,438 Points:887,365 Joined:May 2008	Message Posted: Jan 26, 2013 5:07:12 AM Ignore SteveMartin Report Abuse Higher oil prices.
pepinoNC Champion Author Raleigh Posts:2,164 Points:660,140 Joined:May 2011	Message Posted: Jan 26, 2013 5:03:21 AM Ignore pepinoNC Report Abuse mrjames1818: Tax all oil and gas exports - put some of the money big oil is making back in the pockets of the citizens That basically amounts to socializing the oil industry.
wcp3rd All-Star Author New Jersey Posts:739 Points:363,350 Joined:Mar 2012	Message Posted: Jan 26, 2013 5:02:16 AM Ignore wcp3rd Report Abuse ok
sleuth696 All-Star Author Ventura Posts:953 Points:204,865 Joined:Oct 2012	Message Posted: Jan 26, 2013 4:57:04 AM Ignore sleuth696 Report Abuse Gas prices...any excuse to keep raising them.
mrjames1818 Champion Author New Jersey Posts:1,555 Points:2,000,045 Joined:Mar 2004	Message Posted: Jan 26, 2013 4:54:29 AM Ignore mrjames1818 Report Abuse Tax all oil and gas exports - put some of the money big oil is making back in the pockets of the citizens
quasar502 Champion Author Lansing Posts:3,593 Points:803,300 Joined:Jan 2011	Message Posted: Jan 26, 2013 4:50:11 AM Ignore quasar502 Report Abuse Going up. What a racket.
wingryder92 Champion Author British Columbia Posts:5,702 Points:560,930 Joined:Apr 2011	Message Posted: Jan 26, 2013 4:50:05 AM Ignore wingryder92 Report Abuse Now oil prices will climb again as our price is too much lower than the rest of the world.
twobroke61 Champion Author Michigan Posts:8,390 Points:1,590,910 Joined:Sep 2008	Message Posted: Jan 26, 2013 4:49:24 AM Ignore twobroke61 Report Abuse it is all about the money who are they kidding
hybridaholic Champion Author Appleton Posts:8,375 Points:1,558,515 Joined:Dec 2008	Message Posted: Jan 26, 2013 4:44:49 AM Ignore hybridaholic Report Abuse And the price keeps going up.
mohammed10 Champion Author Seattle Posts:1,237 Points:583,620 Joined:Jun 2011	Message Posted: Jan 26, 2013 4:40:14 AM Ignore mohammed10 Report Abuse Should we be surprised???
PetroScopper Champion Author Houston Posts:6,632 Points:1,551,925 Joined:Aug 2008	Message Posted: Jan 26, 2013 4:38:50 AM Ignore PetroScopper Report Abuse I guess that just goes to show that adding more pipelines is the answer for big oil but not so much for the consumer.
animal63 All-Star Author Indiana Posts:950 Points:1,032,050 Joined:Oct 2008	Message Posted: Jan 26, 2013 4:37:59 AM Ignore animal63 Report Abuse The price of gas is still high there.
fratt Champion Author Grand Rapids Posts:9,835 Points:2,646,880 Joined:Jul 2005	Message Posted: Jan 26, 2013 4:37:54 AM Ignore fratt Report Abuse Good news.
WEB0153 All-Star Author Maryland Posts:809 Points:157,975 Joined:Dec 2012	Message Posted: Jan 26, 2013 4:33:44 AM Ignore WEB0153 Report Abuse GOOD NEWS!
prorodeo2012 All-Star Author Bakersfield Posts:528 Points:180,845 Joined:Sep 2012	Message Posted: Jan 26, 2013 4:30:29 AM Ignore prorodeo2012 Report Abuse bs but good
silverfox63 Champion Author Michigan Posts:8,130 Points:1,613,665 Joined:Oct 2008	Message Posted: Jan 26, 2013 4:27:31 AM Ignore silverfox63 Report Abuse It is nothing more then a bunch of bull. Profits trumps everything.
SBlouch Champion Author San Antonio Posts:8,740 Points:1,861,215 Joined:Apr 2007	Message Posted: Jan 26, 2013 4:24:13 AM Ignore SBlouch Report Abuse It is ALL about the money and we all know it.
sjhman Veteran Author Atlanta Posts:410 Points:278,420 Joined:Sep 2008	Message Posted: Jan 26, 2013 4:20:37 AM Ignore sjhman Report Abuse Profits indeed
mystic92 Champion Author New Jersey Posts:1,190 Points:319,120 Joined:May 2012	Message Posted: Jan 26, 2013 3:59:09 AM Ignore mystic92 Report Abuse its all about profit and not about consumers
SkooterG Champion Author Phoenix Posts:1,359 Points:329,335 Joined:May 2012	Message Posted: Jan 26, 2013 3:58:35 AM Ignore SkooterG Report Abuse Everybody wants the Keystone pipeline approved because why? They think it is going to help what? I'll tell you what it will help. It will help Keystone make a LOT of money exporting their oil to other parts of the world.