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TransCanada Begins Injecting Oil Into Keystone XL Southern Half; Exact Start Date A Mystery | DeSmogBlog

TransCanada Begins Injecting Oil Into Keystone XL Southern Half; Exact Start Date A Mystery | DeSmogBlog.

 

Keystone XL’s southern half is one step closer to opening for business. TransCanada announced that “on Saturday, December 7, 2013, the company began to inject oil into the Gulf Coast Project pipeline as it moves closer to the start of commercial service.”

The Sierra Club’s legal challenge to stop the pipeline was recently denied by the U.S. Court of Appeals for the Tenth Circuit, so the southern half, battled over for years between the industry and environmentalists, will soon become a reality.

According to a statement provided to DeSmog by TransCanada, “Over the coming weeks, TransCanada will inject about three million of [sic] barrels of oil into the system, beginning in Cushing, Oklahoma and moving down to the company’s facilities in the Houston refining area.”

In mid-January, up to 700,000 barrels per day of Alberta’s tar sands diluted bitumen (dilbit) could begin flowing through the 485-mile southern half of TransCanada’s pipeline, known as the Gulf Coast Project. Running from Cushing, Oklahoma to Port Arthur, Texas, the southern half of the pipeline was approved by both a U.S. Army Corps of Engineers Nationwide Permit 12 and an Executive Order from President Barack Obama in March 2012.

BloombergThe Canadian Press and The Oklahoman each reported that the Gulf Coast Project pipeline is now being injected with oil. Line fill is the last key step before a pipeline can begin operations.

“There are many moving parts to this process — completion of construction, testing, regulatory approvals, line fill and then the transition to operations,” TransCanada spokesman Shawn Howard told DeSmog. “Line fill has to take place first, then once final testing and certifications are completed, the line can then go into commercial service.”

Residents living along the length of the southern half will have no clue about the rest of the start-up process, as TransCanada says it won’t provide any more information until the line is already running. “For commercial and contractual reasons, the next update we will provide will be after the line has gone into commercial service,” the company announced.

When DeSmog asked whether the company is currently injecting conventional oil or diluted bitumen sourced from the Canadian tar sands, TransCanada’s Howard replied:

“Many people like to try and categorize the blend, etc., however we are injecting oil into the pipeline. As you’ve likely seen me quoted before, oil is oil and this pipeline is designed to handle both light and heavy blends of oil, in accordance with all U.S. regulatory standards.

I am not able to provide you the specific blend or breakdown as we are not permitted (by our customers) from disclosing that information to the media. There are very strict confidentiality clauses in the commercial contracts we enter into with our customers, and that precludes us from providing that. The reason is that if we are providing information about a specific blend, when it is in our system, etc. – that has the potential to identify who our customers may be or allow others to take financial positions in the market and profit from that information when others do not have access to the same information. This has much farther reaching impacts for the financial markets (and ultimately all of us).”

Riddled with Anomalies

The Keystone XL line fill comes just weeks after Public Citizen released an investigation revealing potentially dangerous anomalies such as dents, faulty welding and exterior damage that the group suggests could lead to pipeline ruptures, tears and spills.

“[Public Citizen] and its citizen sources uncovered over 125 anomalies in that half of the line alone,” DeSmogBlog reported on November 12. “These findings moved Public Citizen to conclude the southern half of the pipeline shouldn’t begin service until the anomalies are taken care of, and ponders if the issues can ever be resolved sufficiently.”

Public Citizen posted these photos on Flickr:


Pinholes in the applied coating can lead to exposing underlying pipe damage to leakage.


Multiple coating patches over new pipe about to be placed into the trench during initial construction.


Close up of section of Keystone XL southern half’s pipe marked “junk” by TransCanada.


Front of a cut out section of pipe on citizen David Whatley’s land marked “Dent Cut Out.”


A dent anomaly on the exterior cut out section of pipe. The dent was about the size of a brick.

Precedent of Spills

Public Citizen’s report also pointed out that the original TransCanada Keystone tar sands pipeline has had a dozen spills already, a fact that makes a lot of pipeline critics anxious about KXL.

“The government should investigate, and shouldn’t let crude flow until that is done,” Tom Smith, Director of Public Citizen’s Texas office said in a press statement accompanying the report. “Given the stakes – the potential for a catastrophic spill of hazardous crude along a pipeline that traverses hundreds of streams and rivers and comes within a few miles of some towns and cities – it would be irresponsible to allow the pipeline to start operating.

“TransCanada’s history with pipeline problems speaks for itself and I fear we could be looking at another pipeline whose integrity may be in question.”

Despite this precedent of spills, Keystone XL’s southern half is about to become a reality, with the fate of the border-crossing northern half of Keystone XL still resting in the hands of President Obama and Secretary of State John Kerry.

Photo Credit: Wikimedia Commons

Growing Your Investments for the Future | project chesapeake

Growing Your Investments for the Future | project chesapeake. (source)

By: Tom Chatham

When you speak of growing an investment most people automatically think of investing their money in some sort of financial scheme that increases the amount of financial units they trade in. In our case this is the dollar denominated world of crony capitalism and ponzi schemes. Anyone who gambles knows the house always wins. The house in this case is the banking system and its’ offshoot, the federal government.

People have been led to believe that they can magically get 6, 8 or 10% annual interest into perpetuity making them rich in the end. This means the amount of money in existence must increase at that rate. Some have done it but they are the exception to the rule. As with any ponzi scheme, the first in wins and everyone else loses. Money is only as good as the assets it can buy. If assets cannot expand as fast as money creation, the magical accumulation of it will ultimately buy less and less if everyone is allowed to accumulate it. In order for you to win the interest game, someone must lose.

As Chris Martenson has stated, there are limits to growth. Everything has a limit and debt creation is no different. If something grows without limits, it eventually outstrips the available resources that feed it. We are now seeing the limits of that growth evidenced by the stalled economy we have now inherited. This means the easy accumulation of money and debt that we are accustomed to will have to change. This will mean a redefining of the standard of living we will enjoy in the future. When the current ponzi scheme ends, some will win but most will lose. So, where does this leave those that are just now entering the economy and seek to build a nest egg to retire on.

The best way to build up assets is to literally grow them. The money printers can print to infinity and as they do so the value of that money will change. As I have said before, a can of ham will always be a can of ham. That means a pound of ham will always perform the same function in society regardless of the price or the amount of paper currency in circulation. That pound of ham represents a real asset. It may have a limited shelf life but it has real value.

It takes time and energy to produce that pound of ham just as it takes time and energy to produce beef, dairy products, wood, grain and any other commodity. Those commodities are limited by natural forces. It may be water, soil condition, growing area or pestilence. You can only produce so much of any commodity before you reach the upper limit of growth. The world can only produce so much grain every year so the available amount produces a cap on available supplies. This is similar to limiting the amount of currency in circulation. That means that a commodity will hold its value over time unlike a devaluing currency. In Argentina the recent currency devaluations have caused farmers to hoard their grain as a way to store their wealth until they can spend it.

For an individual that has a few acres of land, growing a commodity is a good way to build up their assets until they are needed. With a small pasture you can buy a bull calf from a dairy for as little as $35 and raise it on pasture until it is full grown. That full grown steer will now be worth $800 or more dollars if sold on the hoof. For a small investment in money and time, you will have increased your net assets by a huge amount. It is not that much more difficult to care for 5 calves than one which allows you to leverage your resources and compound your gains.

If you are someone that likes to grow things, you could start with a handful of heritage grain seeds and compound that small holding into a whole field of grain in a few years. If you have limited room for growing grains you may be able to grow just a few heritage seeds that thrive in your area and break the harvest into small packets of seeds to sell. Doing so can yield hundreds of dollars per bushel in some cases.

By growing your own seed and increasing the plantings, you will ultimately increase your net worth just as if you were earning interest in a bank only you will have complete control over the asset. For someone that uses sustainable growing techniques and maintains their own seed stocks and breeder stocks, which is the way our great grandparents accumulated wealth, it will be one of the few ways to accumulate wealth in the future outside of the manipulated systems we now have. A good woodlot with some selected woods can produce an impressive amount of wealth when sold. For someone with the ability to mill their own wood, they can get the maximum amount of wealth from their woodlot.

When you grow your assets in a financial institution, you are at the mercy of a host of unscrupulous persons that work for the house. The house will always win by eating away at your assets through taxes, fees, devaluation and outright theft as we have seen recently. When you literally grow your assets in the back yard, you are at the mercy of nature and the free market and they are much more forgiving than bankers and politicians. By doing so you carry no counterparty risk and give yourself every opportunity to prosper.

In the end you must decide what is more secure, a bunch of digits in a computer or a herd of cattle in the pasture. In the future those digits may be in limited supply and hard to come by if you do not work for the house so another more equitable way to accumulate wealth must be used by the population. By producing farm commodities that will always be in demand and storing some of that production in livestock, seeds or other elements like gold and silver, you can accumulate and preserve the wealth you need for the future.

 

The Biggest Ponzi Scheme In The History Of The World

The Biggest Ponzi Scheme In The History Of The World.

 

Beware the man on the white horse…

Beware the man on the white horse….

 

El Reno, Oklahoma Tornado Believed To Be Widest Twister On Record

El Reno, Oklahoma Tornado Believed To Be Widest Twister On Record.

 

Several die in new Oklahoma tornadoes – Americas – Al Jazeera English

Several die in new Oklahoma tornadoes – Americas – Al Jazeera English.

GE investing billions in fracking technology – Business – CBC News

GE investing billions in fracking technology – Business – CBC News.

 

Deadly tornado rips through Oklahoma City – Americas – Al Jazeera English

Deadly tornado rips through Oklahoma City – Americas – Al Jazeera English.

 

Keystone XL: TransCanada Seeks Restraining Order Against Oklahoma Opponents

Keystone XL: TransCanada Seeks Restraining Order Against Oklahoma Opponents.

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