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Court orders Dakota pipeline shut in latest blow to U.S. fossil fuel projects

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Well get the impact study done if it’s a safe and nessary thing to do then get her done!but make sure it’s nessary and safe first!

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4 hours ago, webfact said:

The ruling comes a day after Dominion Energy Inc <D.N> and Duke Energy Corp <DUK.N> decided to abandon the $8 billion Atlantic Coast Pipeline, meant to move West Virginia natural gas to East Coast markets, after a long delay to clear legal roadblocks almost doubled its estimated cost.

 

So I wonder why Buffett paid $4 billion for the whole lot of abandoned pipeline.

 

Scrap metal can't be worth that much

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14 minutes ago, Susco said:

 

So I wonder why Buffett paid $4 billion for the whole lot of abandoned pipeline.

 

Scrap metal can't be worth that much

That's just a small part of Dominions holdings in natural gas transmission.

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1 minute ago, johnpetersen said:

That's just a small part of Dominions holdings in natural gas transmission.

Buffett paid $4 billion for the pipeline assets only, not for the company, so why would he pay for a pipeline that has no future

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Posted (edited)
9 minutes ago, Susco said:

Buffett paid $4 billion for the pipeline assets only, not for the company, so why would he pay for a pipeline that has no future

Dominion has lots and lots of pipelines. That was just one of many.

What Berkshire Will Get

The deal would transfer more than 7,700 miles of natural gas transmission lines from Dominion to Berkshire, including about 20.8 billion cubic feet per day of transportation capacity, 900 billion cubic feet of operated natural gas storage with 364 billion cubic feet of company-owned working storage capacity, plus partial ownership of a liquefied natural gas export, import and storage facility.2

 

Additionally, Berkshire Hathaway Energy will acquire 100% of Dominion Energy Transmission, Questar Pipeline, and Carolina Gas Transmission, plus 50% of the Iroquois Gas Transmission System. The deal does not include Dominion's Atlantic Coast Pipeline. However, it does include 25% of Cove Point LNG, a liquefied natural gas (LNG) export, import and storage facility in Maryland that is one of only six LNG export facilities in the U.S. Dominion will retain a 50% ownership stake in Cove Point, while Brookfield Asset Management will continue as a 25% owner.2

https://www.investopedia.com/buffett-s-berkshire-buys-dominion-natural-gas-assets-for-usd10-billion-5070491#:~:text=Berkshire Hathaway is buying natural,is scheduled for Q4 2020.

Edited by johnpetersen

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https://www.worldoil.com//news/2020/7/6/api-calls-for-pipeline-permit-reforms-following-shutdowns?id=1812179

 

California went down the road of shutting down petroleum growth and they suffered severe brown outs. You can regulate petroleum out of you state or country, but the people will suffer. You keep building solar farms means cutting down trees or taking up more farm land. Then you've got all the disposal problems when the panels and batteries need to be replaced. Build all the wind farms you want and then those turbines need to have the generators need to replaced every 10 to 15 years. Big money there, too. Maybe you should watch "Planet of the Humans".

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Absolutely Outstanding!!

 

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