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On Same Day as Trump State Department's Pipeline Hearing, Keystone Springs Crude Oil Leak in North Dakota

Rule of thumb is that Tar Sands crude sells at a 20 dollar discount when compared to what deemed “sweet crude”. This number can vary.

There only a few refineries that can deal with this stuff and most are on the Texas Gulf. The Koch brothers own the largest number of these refineries. Canada and Venezuela are the two biggest suppliers of Crude used as feedstock for these refineries.

Here is the thing. This stuff is likely more profitable for the Koch Brothers than is refining sweet crude. While they get the oil at a discount of $20 a barrel give or take , it does not take an extra $20 dollars a barrel to refine the stuff. The Gasoline they make out of this does not sell at a discount.

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But the people who benefit from the oil don’t live there, so it’s OK. Besides it’s just a few Indians who are affected, right?

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" Environmentalists were outraged…to learn…that the Keystone pipeline sprung yet another…massive leak of crude oil in North Dakota."

So drinking water will go down the gullet smoother. Why is the glass always half empty with you guys?

Sooooo frustrating.

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So tar sands is good for making diesal, I get that. Shipping, bunker oil fuel, makes sense, too?
Thanks for the info.

Winter molasses right now.
Refining that sludge seems expensive to me.
Thanks.

They slap a price on mishaps: “What will it cost us personally to get out of this problem?” For huge disasters the price is bankruptcy.

For the Exxon Valdez disaster the price is not paying the victims for 30 years, and instead taking the victims’ rightful money back to the wall street casino for double or nothing propositions. If you win, pay it permanently into the shareholders’ pockets, and if you lose, declare bankruptcy.

For the PG&E line maintenance fire disasters, the shareholders have been enriched and now it’s time to declare bankruptcy and walk. For TEPCO’s Fukushima disaster, bankruptcy works and the estates of all those dead people get next to nothing.

Now you know what will happen when the climate change lawsuits get settled.

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Oh but they told us the pipeline was safe and wouldn’t leak at all. Don’t tell me they lied to us.
All those protesters we were told to ignore couldn’t have been right. Why would the oil companies lie to us? It’s not like there is a huge profit to be made. Everyone knows the oil companies just barely get by with just a few tens of billions of $ in profit. How could they get by with such a mere pittance?

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It was to the oil barons.

Oh ye of little faith. Of course everything was the bestest. Trump told us so. We would get tired of all the winning.
The free market only cares about the people, it always makes sure everything is protected. Just look at our health care, only the best.
We can go to an early grave knowing the free market protects us. And of course we will go to an early grave once we get rid of all those pesky regulations that force us to stay alive.
We’re #1, don’t you know? Not sure what we are #1 in, but there has to be something.

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All over this land…

Oh ye of little faith Not sure what #1 in or at or at which, Heil Trumpler!

Capitalism = criminality.

“Capital eschews no profit… just as Nature was formerly said to abhor a vacuum. With adequate profit, capital is very bold. A certain 10 per cent, will ensure its employment anywhere; 20 per cent certain, will produce eagerness; 50 per cent, positive audacity; 100 per cent will make it ready to trample on all human laws; 300 per cent and there is not a crime at which it will scruple, nor a risk it will not run, even to the chance of its owner being hanged. If turbulence and strife will bring a profit, it will freely encourage both.”

Karl Marx, Capital Vol.1, Chapter 31

A perfect description of the history of the US, the first county in the world founded on capitalist principles.

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It would be something to grab some buckets of that spilt oil and dump it in the oval office.
“Hey rump! You say this isn’t a problem and wouldn’t happen huh? Well, then you won’t complain if I dump this bucket of spilt tar sands oil in your office now will you?”

The high viscosity is not a factor at all for pipeline fracture. Nor is steady state flow pressure.

  1. steel enbrittlement next to the weld that was not stress relieved.
  2. weld itself failure
  3. surge. yes, example: if the pipe is half filled and a valve is closed downstream.
  4. failure at valve breakage or pump.

What most insightful about Karl Marx is that he was able to forsee the ultimate outcome of Capitalism when it was still in its infancy. Yes Capitalism predated him by around a Century but it had not yet arrived at the point it has today a point which he predicted would occur.

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I just finished the book American Exceptionalism and American Innocence by Roberto Sirvent and Danny Haiphong. In it I read that slave owners could expect profits of 1500% to 1700%!
Now think back on Marx’s comment…

As long as capitalism exists, Marx and Marxism will be relevant.