Replies to This Discussion

Permalink Reply by Steve on February 22, 2014 at 9:34

Genesis Press Release:

http://www.genesisenergy.com/assets/_Investors/Press_Releases/2014-...

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Permalink Reply by jim weyland on February 22, 2014 at 9:50

us crude cannot be exported to countries not having free trade agreements with us.

there's no such restriction as to refined products. the u.s."market zone" politicians will do anything/everything they can to prevent liberalizing u.s. crude exports.

fortunately, the horse is already out of the barn inre: refined products and gas liquids

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Permalink Reply by Steve on February 22, 2014 at 10:36

If the current Administration in Washington had its way, we wouldn't even be able to use our own crude oil. They are doing a good job totally destroying the coal industry and the oil industry is at the top of their list. I believe they would support exporting all our domestic crude if it would make the price of domestic gasoline unaffordable, which is on their wish list. We certainly can't overlook the power of politics in what will happen in the domestic oil and gas business and the high price we will all pay for that political football.

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Permalink Reply by jim weyland on February 22, 2014 at 12:17

steve, i agree with your sense of the motives/goals of the regime.and, imo, they're as crooked as a dog's hind leg, a sentiment i hold with for all that are intellectually dishonest.

however, i respectfully disagree as to your implicit sense of the regime's ability to allow/approve the export of us crude. note: i don't disagree that they'd like to for the reason you cite, it's that they just can't, all things being equal. 

many years ago, a very smart guy, bill leidtke, jr., "explained' things to me. jim, he said, on one hand, there's the industrialized northern states and on the other, there's the colonial southern states. btw, even i was beginning to catch his drift by that juncture.

oh, the topic at hand was why in heaven's name did the ferc in '84 under order 384 let the ldcs (utilities) out of their "minimum bill" (think, take or pay) contracts with the interstate pls yet, it didn't/wouldn't similarly absolve those pls of their complementary (and, actual, take or pay)) contracts with producers?

so, back to his answer, jim. he said, who controls the real power, even now in the eighties? the correct answer was the northern, market zone states. what bill was "saying" was that the ferc was willing to throw the entire interstate pl industry and all producers (just about everyone) contracted to them, under the bus and they didn't give a rat's (well, you know) about the consequences or what anyone down here thought about it 

by bill's reasoning, even today, was the regime to take any actions, causing the prices of heating oil and gasoline to go up for the constituents of those states and such that the public could easily be made to understand the whys and wherefores, any and all culpable politicians would pay the "ultimate" price, i.e. losing in the next election.

that's why, imo, as much as the notion fits their pistol, it ain't happenin'. 

jim p.s. i enjoy your and mr. aldridge's knowledgeable discourses. i'm fairly new to the board.

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Permalink Reply by Steve on February 22, 2014 at 14:02

Enjoyed your post, even the parts I didn't understand. Please notice that I said "if the Administration had its way". I agree with you and don't think they can't accomplish all they want - I think simply because even the leftist leaning liberal in the World doesn't want to personally have to pay more, they just don't care if everyone else has to pay more. Higher gasoline prices would hit too many voters in the pocket directly. This current regime, or any regime for that matter, can however delay licensing, add regulations, exact huge fines or change rules that increase producers/refiners costs etc.  and generally cause trouble for the oil and gas industry, just to appease some political contributors and/or make money for their friends and supporters. I don't however exactly have much confidence that the voters ultimately vote out the bad guys in all scenarios, but, the fact that most voters do vote their pocket book (when they finally feel it is being robbed ) gives us all hope of a regime change.

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Permalink Reply by jim weyland on February 22, 2014 at 14:43

steve,

two things:

1) those that hop from nj/ny to la/sf in their G 5's don't give a rat's (again, you know) about those living in what's called "the fly-over states"; and,

2) everyone gets the government they deserve; after all, collectively, we vote 'them' in or out. on a related note, have you heard the expression "sheeple"?

jim p.s. i apologize for not having read your post more closely.

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Permalink Reply by Steve on February 22, 2014 at 15:43

 I think we agree  that big money runs the show and there are too many sheeple to maintain good government :) I recall a legislator once who stood before Congress voicing his objections to proposed ethics rules being considered. He said; "I am up to my ass in good government" as he passed his index finger across his throat. LOL   

I think there is this overall lack of interest in Congress and the White House and the Justice Dept. to deliver fair, honest and balanced government.

I think we better get off politics before we annoy someone.

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Permalink Reply by Joe Aldridge on February 22, 2014 at 9:55

Thanks Steve. Very good information.

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Permalink Reply by 1kw6x71km1v37 on February 23, 2014 at 6:48

there's the industrial northern states, and on the other (hand) there's the southern colonial states>>>

The above sentiment was abruptly repudiated last week when VW workers in Chattanooga, TN flipped the bird at the United Auto Workers Union and voted not  to unionize. Contrast that with the ongoing fate of the UAW stronghold of Detroit, now rotting away from the inside out. Just who is going to be best situated to  pay their winter heating bills, Yankees, or their stupid country cousins, whose toes the mud in the pigpen still squeezes up between?

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Permalink Reply by jim weyland on February 23, 2014 at 8:28

ain't it grand.

btw, i read in today's paper that the uaw on friday filed a complaint with the nlrb citing the fact that the junior senator from tn had the effrontery to speak his mind inre: the then pending election. really? free speech is grounds for the reversal of a union vote? seriously? and, had they won would they still be contesting the election's taint? right, of course they would have, after all, the uaw is on the side of the angels

the rest of the story (which is why this loss is especially damaging/damning to the uaw) is that vw basically "opened the kimono" to the uaw. vw gave them full, complete and unfettered pre-vote access to plant workers on site and during business hours. about the only thing that vw didn't do for the uaw was to actually cast the workers' votes for them in favor of the uaw. 

if they can't win honestly under such conditions, they know in their heart of hearts they never can/will. and, that's gotta really sting.

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