Not Logged In Log In   Sign Up   Points Leaders
Follow Us    7:05 PM

GasBuddy News Article

56
votes
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...


Read the Full Article

Submitted Jan 25, 2013 By: PD
Category: GasBuddy Official Blog > Topics Add to favorite topics   Post new topicPost New Topic
Author Topic: Seaway pipeline's good news / bad news Back to Topics
REPLIES (newest first) Post a Reply
honda0105
Champion Author Tallahassee

Posts:24,091
Points:2,393,340
Joined:Nov 2008
Message Posted: Jan 30, 2013 5:48:43 AM

jethro: it's called Pig Oil logic lol.
bston
Champion Author Oklahoma City

Posts:5,031
Points:1,423,575
Joined:Mar 2011
Message Posted: Jan 26, 2013 2:22:15 PM

Prices are on their way up again, & sharply up.
jethro5000
Champion Author Kentucky

Posts:5,163
Points:1,168,665
Joined:Jun 2005
Message Posted: Jan 26, 2013 12:39:03 PM

So, capacity increased and the futures price increased? Something sounds wrong with that...
isem
Champion Author Missouri

Posts:5,194
Points:1,206,740
Joined:Feb 2012
Message Posted: Jan 26, 2013 6:15:45 AM

Old news.
Hunter724
Champion Author New Hampshire

Posts:11,346
Points:2,424,355
Joined:Sep 2008
Message Posted: Jan 26, 2013 6:09:23 AM

Gas went up 4 to 10 cents a gallon yesterday..
ManOfLeisureII
Champion Author Philadelphia

Posts:5,045
Points:1,231,090
Joined:Jan 2012
Message Posted: Jan 26, 2013 6:08:01 AM

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:43,998
Points:4,401,995
Joined:Dec 2002
Message Posted: Jan 26, 2013 6:03:01 AM

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:11,700
Points:1,458,975
Joined:Apr 2011
Message Posted: Jan 26, 2013 6:00:47 AM

Ok
ILVET
Champion Author Illinois

Posts:18,292
Points:3,706,120
Joined:Jan 2005
Message Posted: Jan 26, 2013 5:58:52 AM

Gas jumped a dime here yesterday
jcdakota
Champion Author Baltimore

Posts:1,618
Points:415,920
Joined:Nov 2010
Message Posted: Jan 26, 2013 5:56:41 AM

The consumers pay every time big oil can find something to tie a price on!!!
LeeFree
Champion Author Pittsburgh

Posts:12,373
Points:3,017,700
Joined:Jun 2005
Message Posted: Jan 26, 2013 5:56:29 AM

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:5,940
Points:2,409,350
Joined:Feb 2003
Message Posted: Jan 26, 2013 5:56:13 AM

We just need to improve our pipeline delivery system around the country.
FBI2991
Champion Author Michigan

Posts:7,171
Points:1,907,410
Joined:Nov 2008
Message Posted: Jan 26, 2013 5:56:10 AM

Old news
tomok
Champion Author Portland

Posts:46,335
Points:3,129,985
Joined:Aug 2006
Message Posted: Jan 26, 2013 5:50:30 AM

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
Champion Author Ontario

Posts:2,572
Points:1,449,610
Joined:May 2010
Message Posted: Jan 26, 2013 5:48:06 AM

brutal
fillerupyeoww
Champion Author Columbus

Posts:9,003
Points:2,399,205
Joined:Mar 2008
Message Posted: Jan 26, 2013 5:47:46 AM

Economics 101
Bruno44
Champion Author Texas

Posts:10,250
Points:2,529,655
Joined:Sep 2007
Message Posted: Jan 26, 2013 5:44:37 AM

Speculation and flatulation combined.
Beau2140
Champion Author New York

Posts:11,486
Points:2,425,385
Joined:Oct 2008
Message Posted: Jan 26, 2013 5:43:59 AM

Higher prices have started.
AvantiMick
Champion Author Indiana

Posts:15,908
Points:3,306,510
Joined:Dec 2005
Message Posted: Jan 26, 2013 5:40:19 AM

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:5,648
Points:1,629,005
Joined:Sep 2008
Message Posted: Jan 26, 2013 5:39:33 AM

Old story
bart_reed
Champion Author Los Angeles

Posts:7,254
Points:1,569,065
Joined:Mar 2011
Message Posted: Jan 26, 2013 5:38:28 AM

Good for exports.
bassakwards007
Champion Author Orange County

Posts:4,316
Points:1,022,900
Joined:Aug 2012
Message Posted: Jan 26, 2013 5:37:33 AM

Higher prices no doubt
billy44bo
Champion Author Mobile

Posts:10,274
Points:2,258,010
Joined:Feb 2008
Message Posted: Jan 26, 2013 5:30:34 AM

Greed runs the oil market
SilliesRock
Champion Author Detroit

Posts:3,704
Points:1,890,085
Joined:Oct 2008
Message Posted: Jan 26, 2013 5:29:42 AM

The bad news is...Obama is president.
pfone1847
Champion Author Illinois

Posts:6,443
Points:1,404,855
Joined:Oct 2010
Message Posted: Jan 26, 2013 5:21:31 AM

Sounds like we are going to pay more no matter what.
no_monkey2002
Champion Author Tallahassee

Posts:8,872
Points:2,166,670
Joined:Mar 2006
Message Posted: Jan 26, 2013 5:20:05 AM

they must use Virgra
comprof
Champion Author Houston

Posts:10,369
Points:2,135,515
Joined:Jul 2009
Message Posted: Jan 26, 2013 5:18:57 AM

Up and up!
Z06KY
Champion Author Louisville

Posts:8,434
Points:1,682,900
Joined:Nov 2010
Message Posted: Jan 26, 2013 5:15:30 AM

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

Ok
Foxt
Champion Author Minnesota

Posts:8,469
Points:2,795,460
Joined:Jul 2006
Message Posted: Jan 26, 2013 5:13:20 AM

Price never seems to effect such things now does it?
SteveMartin
Champion Author New Orleans

Posts:7,472
Points:1,612,270
Joined:May 2008
Message Posted: Jan 26, 2013 5:07:12 AM

Higher oil prices.
pepinoNC
Champion Author Raleigh

Posts:5,428
Points:1,424,000
Joined:May 2011
Message Posted: Jan 26, 2013 5:03:21 AM

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:780
Points:869,220
Joined:Mar 2012
Message Posted: Jan 26, 2013 5:02:16 AM

ok
sleuth696
Champion Author Nashville

Posts:4,084
Points:957,015
Joined:Oct 2012
Message Posted: Jan 26, 2013 4:57:04 AM

Gas prices...any excuse to keep raising them.
mrjames1818
Champion Author New Jersey

Posts:4,823
Points:2,778,070
Joined:Mar 2004
Message Posted: Jan 26, 2013 4:54:29 AM

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:6,634
Points:1,556,180
Joined:Jan 2011
Message Posted: Jan 26, 2013 4:50:11 AM

Going up. What a racket.
wingryder92
Champion Author British Columbia

Posts:10,334
Points:1,336,830
Joined:Apr 2011
Message Posted: Jan 26, 2013 4:50:05 AM

Now oil prices will climb again as our price is too much lower than the rest of the world.
twobroke61
Champion Author Michigan

Posts:11,537
Points:2,361,710
Joined:Sep 2008
Message Posted: Jan 26, 2013 4:49:24 AM

it is all about the money who are they kidding
hybridaholic
Champion Author Appleton

Posts:11,689
Points:2,331,330
Joined:Dec 2008
Message Posted: Jan 26, 2013 4:44:49 AM

And the price keeps going up.
mohammed10
Champion Author Gainesville

Posts:4,455
Points:1,361,570
Joined:Jun 2011
Message Posted: Jan 26, 2013 4:40:14 AM

Should we be surprised???
PetroScopper
Champion Author Houston

Posts:9,842
Points:2,327,980
Joined:Aug 2008
Message Posted: Jan 26, 2013 4:38:50 AM

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
Champion Author Indiana

Posts:1,160
Points:1,590,235
Joined:Oct 2008
Message Posted: Jan 26, 2013 4:37:59 AM

The price of gas is still high there.
fratt
Champion Author Grand Rapids

Posts:13,051
Points:3,425,485
Joined:Jul 2005
Message Posted: Jan 26, 2013 4:37:54 AM

Good news.
WEB0153
Champion Author Maryland

Posts:3,838
Points:926,810
Joined:Dec 2012
Message Posted: Jan 26, 2013 4:33:44 AM

GOOD NEWS!
prorodeo2012
All-Star Author Bakersfield

Posts:560
Points:572,445
Joined:Sep 2012
Message Posted: Jan 26, 2013 4:30:29 AM

bs but good
silverfox63
Champion Author Michigan

Posts:11,166
Points:2,343,785
Joined:Oct 2008
Message Posted: Jan 26, 2013 4:27:31 AM

It is nothing more then a bunch of bull. Profits trumps everything.
SBlouch
Champion Author San Antonio

Posts:11,828
Points:2,593,380
Joined:Apr 2007
Message Posted: Jan 26, 2013 4:24:13 AM

It is ALL about the money and we all know it.
sjhman
Veteran Author Atlanta

Posts:429
Points:904,575
Joined:Sep 2008
Message Posted: Jan 26, 2013 4:20:37 AM

Profits indeed
mystic92
Champion Author New Jersey

Posts:4,411
Points:1,103,160
Joined:May 2012
Message Posted: Jan 26, 2013 3:59:09 AM

its all about profit and not about consumers
SkooterG
Champion Author Phoenix

Posts:3,898
Points:1,062,150
Joined:May 2012
Message Posted: Jan 26, 2013 3:58:35 AM

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.
lgwhitlock
Champion Author Chico

Posts:9,469
Points:2,431,200
Joined:Jun 2008
Message Posted: Jan 26, 2013 3:56:55 AM

They are always looking for ways to boost their profits; it is all about GREED...
Post a reply Back to Topics