Originally Posted by
Denny Crane
I don't mean to get in the middle of your debate, it's interesting and informative. But...............I thought Delta leased the tanker under the Jones Act (?) in order to ship (Bakken) crude between New Orleans and Trainor?
Denny
RockyBoy reiterated it as the way I understand it. Bakken crude travels by rail mostly. I actually wondered whether DAL would be buying railcars since they go empty back to North Dakota which means we have to pay for them both ways. If we owned them outright it would only be the cost of pulling them back empty (deadhead). Not to inject politics into this, but I find it interesting that the current administration detests pipelines yet is placing onerous regulation on tanker cars (which in recent weeks has proven to be folly as proved by 2 derails and fires) I think Rocky is spot on on the political portion of all of this, but my take is that it goes much deeper than just going after Russia and Venezuela's economy.