ADVERTISEMENT

Colonial Pipeline restarting.

I was not cherry picking, just happened to remember this incident.
Of your ton of pipeline spills can you find any that killed 37 people and burned a town down?

Besides, isn't Canada really the 51st state for all practical purposes?

According to the data, since 1986 there have been nearly 8,000 incidents (nearly 300 per year on average), resulting in more than 500 deaths (red dots on the video), more than 2,300 injuries (yellow dots on the video), and nearly $7 billion in damage.

Since 1986 pipeline accidents have spilled an average of 76,000 barrels per year or more than 3 million gallons. This is equivalent to 200 barrels every day.

  • 1965: An explosion from a gas line destroyed several apartments in the LaSalle Heights Disaster in LaSalle, Quebec killing 28 people, the worst pipeline disaster in Canadian history.
  • 1965: On October 12, an explosion & fire involved the Albert Gas Trunk Line LTD. near Sundre, Alberta, killing 2 pipeline workers.[4]
  • 1969: On October 25, a faulty pipe exploded in a gas line beneath Malton, Ontario. One person died, about 20 were injured, 9 stores and several homes were destroyed. Gas in a dead end section of gas pipeline.[5]
  • 1962: An explosion on a gas pipeline occurred on a lateral line on January 17, about 50 kilometers northwest of Edson, Alberta. 8 people were killed.[2][3]
  • 2003: A backhoe punctured a pipeline in Etobicoke, Ontario, the resulting explosion killed 7 people
  • 2009: On 12 September 2009, TransCanada Corporation's Gas Control received notification, from the Englehart Fire Department through its Emergency Notification Line, of an explosion and fire south of its Compressor Station 107, located near Swastika, Ontario. At the time of the occurrence, TransCanada was transporting sweet natural gas. Escaping gas from a pipeline rupture had ignited, resulting in the explosion. A large crater was created and two sections of pipe broke from the system, with one section being ejected approximately 150 metres from the rupture site. There were no injuries.[21]
  • 2009: On 26 September 2009, TransCanada Corporation's Line 100-1 ruptured, near Marten River, Ontario. At 1151, Gas Control at TransCanada's Calgary office became aware of this event when Main Line Valve 112-1, on the upstream side of Compressor Station 112, automatically shut off due to low pipeline pressure. At the time of the occurrence, TransCanada was transporting sweet natural gas. The escaping gas did not ignite. A large crater was created and pipe pieces were ejected from the failed pipeline section and spread around the occurrence site. There were no injuries.[22]
  • 2011: On February 19, TransCanada PipeLines Limited's gas control operator received notification through its emergency notification line of a pipeline fire and explosion, near Beardmore, Ontario. At the time of the occurrence, TransCanada was transporting sweet natural gas. Escaping gas from a pipeline rupture had ignited, resulting in the explosion. A large crater was created and three pieces of pipe broke from the system, with pipe and other debris being ejected up to 100 m from the rupture site. Six residents near the site evacuated until the fire was extinguished. There were no injuries.[24]
  • 2018: On October 9, a 36-inch Enbridge natural gas pipeline exploded 13 km north of Prince George, British Columbia. About 1 million BC customers and 750,000 US customers were affected. Natural gas customers were asked to reduce use.[45]
(last four were big explosions that were luckily not in populated areas)


Since we arent sticking to the United States - and Mexico is basically our 52nd state, right?
  • 1978: On November 1, a gas pipeline exploded and burned, killing 52 people in colonia Benito Juarez, Mexico, and injuring 11 in a town of only 100 people. The failure created a crater 300 feet wide and 20 feet deep.[56][57]
  • 2010: The explosion on December 19, 2010 of an oil pipeline at a Petroleos Mexicanos (Pemex) pumping station in San Martín Texmelucan de Labastida in central Mexico, killed at least 27 people and injured more than 50. The explosion is believed to have been caused by attempts to puncture the pipe to steal oil.[58]
  • 2012: On September 18, 2012, twenty-two workers died when a gas leak from a Kinder Morgan pipeline at Reynosa, Tamaulipas, Mexico sparked an explosion which became a fireball that overtook workers running for their lives, lead plaintiff Javier Alvarez del Castillo said. "They were engulfed in fire that burnt and singed every inch of skin from their head to their ankles, taking every bit of hair from their head, laying the plaintiffs 'skinless,' like skeletons bare to the bones, with in most cases only their footwear attached to the only portion of their body not reduced to skeleton.
  • 2019: On 18 January 2019, a pipeline transporting gasoline exploded in the town of Tlahuelilpan, in the Mexican state of Hidalgo killed at least 96 people and injured dozens more.[62][63] The explosion is believed to be related to the government crackdown on fuel thieves.[64]

United States:

  • 1965 (March 4) A 32-inch gas transmission pipeline, north of Natchitoches, Louisiana, belonging to the Tennessee Gas Pipeline exploded and burned from Stress corrosion cracking (SCC) on March 4, killing 17 people. At least 9 others were injured, and 7 homes 450 feet from the rupture were destroyed. The same pipeline had also had an explosion on May 9, 1955, just 930 feet (280 m) from the 1965 failure.[81][82]
  • 1999 (June 10) An Olympic gasoline pipeline ruptured near Bellingham, Washington, resulting in 3 deaths: a fly fisherman and two 10-year-old boys. The cause was a series of errors and malfunctions in relief systems and process control computer systems in the Olympic Pipe Line Company's system, resulting in 277,000 gallons of gasoline spilled to Whatcom Creek. The fire burned for five days.[83][84]
  • 2000 (19 August) A 30-inch El Paso Energy natural gas pipeline exploded, killing twelve people in southeast New Mexico. They were camping under a bridge which carried the pipeline across the Pecos River. The explosion occurred underground on the east side of the river 200 to 300 yards from the campers around 5:30 a.m.. The explosion left a crater 86 feet long, 46 feet wide and 20 feet deep. The fireball was visible 20 miles north in Carlsbad, N.M. The pipeline was installed in 1950.[85]
  • 2010 (September 9) The San Bruno pipeline explosion: At 6:11 PM, a PG&E 30-inch natural gas line exploded in San Bruno, California, killing 8. Eyewitnesses reported the initial blast "had a wall of fire more than 1,000 feet high".[87]
  • 2014 (Feb) In Knifely, Adair County, Kentucky, a Columbia Gulf gas pipeline exploded at 1 a.m. flattening homes, burning barns, and causing one casualty. The 30-inch natural gas pipeline was about 100 feet from Highway 76 and buried 30 feet underground. When it exploded, large rocks and sections of pipeline flew into the air, leaving a 60-foot crater. Columbia Gulf, part of NiSource’s Columbia Pipeline Group, owns and operates more than 15,700 miles of natural gas pipelines, one of the largest underground storage systems in North America. The pipeline that exploded was carrying natural gas from the Gulf of Mexico to New York.[102]
  • 2018 (September 13) Suspected over-pressurization of natural gas pipes by Columbia Gas caused multiple explosions and fires in 3 towns in Massachusetts (Andover, Lawrence, and North Andover), leaving 1 dead.[110]
  • 2019 (August 1) An Enbridge natural gas pipeline ruptured causing a massive explosion in Lincoln County, Kentucky, leaving 1 person dead and 5 hospitalized. The explosion and resulting fire destroyed railroad tracks and at least 5 homes in a nearby trailer park.[112]
 

According to the data, since 1986 there have been nearly 8,000 incidents (nearly 300 per year on average), resulting in more than 500 deaths (red dots on the video), more than 2,300 injuries (yellow dots on the video), and nearly $7 billion in damage.

Since 1986 pipeline accidents have spilled an average of 76,000 barrels per year or more than 3 million gallons. This is equivalent to 200 barrels every day.

  • 1965: An explosion from a gas line destroyed several apartments in the LaSalle Heights Disaster in LaSalle, Quebec killing 28 people, the worst pipeline disaster in Canadian history.
  • 1965: On October 12, an explosion & fire involved the Albert Gas Trunk Line LTD. near Sundre, Alberta, killing 2 pipeline workers.[4]
  • 1969: On October 25, a faulty pipe exploded in a gas line beneath Malton, Ontario. One person died, about 20 were injured, 9 stores and several homes were destroyed. Gas in a dead end section of gas pipeline.[5]
  • 1962: An explosion on a gas pipeline occurred on a lateral line on January 17, about 50 kilometers northwest of Edson, Alberta. 8 people were killed.[2][3]
  • 2003: A backhoe punctured a pipeline in Etobicoke, Ontario, the resulting explosion killed 7 people
  • 2009: On 12 September 2009, TransCanada Corporation's Gas Control received notification, from the Englehart Fire Department through its Emergency Notification Line, of an explosion and fire south of its Compressor Station 107, located near Swastika, Ontario. At the time of the occurrence, TransCanada was transporting sweet natural gas. Escaping gas from a pipeline rupture had ignited, resulting in the explosion. A large crater was created and two sections of pipe broke from the system, with one section being ejected approximately 150 metres from the rupture site. There were no injuries.[21]
  • 2009: On 26 September 2009, TransCanada Corporation's Line 100-1 ruptured, near Marten River, Ontario. At 1151, Gas Control at TransCanada's Calgary office became aware of this event when Main Line Valve 112-1, on the upstream side of Compressor Station 112, automatically shut off due to low pipeline pressure. At the time of the occurrence, TransCanada was transporting sweet natural gas. The escaping gas did not ignite. A large crater was created and pipe pieces were ejected from the failed pipeline section and spread around the occurrence site. There were no injuries.[22]
  • 2011: On February 19, TransCanada PipeLines Limited's gas control operator received notification through its emergency notification line of a pipeline fire and explosion, near Beardmore, Ontario. At the time of the occurrence, TransCanada was transporting sweet natural gas. Escaping gas from a pipeline rupture had ignited, resulting in the explosion. A large crater was created and three pieces of pipe broke from the system, with pipe and other debris being ejected up to 100 m from the rupture site. Six residents near the site evacuated until the fire was extinguished. There were no injuries.[24]
  • 2018: On October 9, a 36-inch Enbridge natural gas pipeline exploded 13 km north of Prince George, British Columbia. About 1 million BC customers and 750,000 US customers were affected. Natural gas customers were asked to reduce use.[45]
(last four were big explosions that were luckily not in populated areas)


Since we arent sticking to the United States - and Mexico is basically our 52nd state, right?
  • 1978: On November 1, a gas pipeline exploded and burned, killing 52 people in colonia Benito Juarez, Mexico, and injuring 11 in a town of only 100 people. The failure created a crater 300 feet wide and 20 feet deep.[56][57]
  • 2010: The explosion on December 19, 2010 of an oil pipeline at a Petroleos Mexicanos (Pemex) pumping station in San Martín Texmelucan de Labastida in central Mexico, killed at least 27 people and injured more than 50. The explosion is believed to have been caused by attempts to puncture the pipe to steal oil.[58]
  • 2012: On September 18, 2012, twenty-two workers died when a gas leak from a Kinder Morgan pipeline at Reynosa, Tamaulipas, Mexico sparked an explosion which became a fireball that overtook workers running for their lives, lead plaintiff Javier Alvarez del Castillo said. "They were engulfed in fire that burnt and singed every inch of skin from their head to their ankles, taking every bit of hair from their head, laying the plaintiffs 'skinless,' like skeletons bare to the bones, with in most cases only their footwear attached to the only portion of their body not reduced to skeleton.
  • 2019: On 18 January 2019, a pipeline transporting gasoline exploded in the town of Tlahuelilpan, in the Mexican state of Hidalgo killed at least 96 people and injured dozens more.[62][63] The explosion is believed to be related to the government crackdown on fuel thieves.[64]

United States:

  • 1965 (March 4) A 32-inch gas transmission pipeline, north of Natchitoches, Louisiana, belonging to the Tennessee Gas Pipeline exploded and burned from Stress corrosion cracking (SCC) on March 4, killing 17 people. At least 9 others were injured, and 7 homes 450 feet from the rupture were destroyed. The same pipeline had also had an explosion on May 9, 1955, just 930 feet (280 m) from the 1965 failure.[81][82]
  • 1999 (June 10) An Olympic gasoline pipeline ruptured near Bellingham, Washington, resulting in 3 deaths: a fly fisherman and two 10-year-old boys. The cause was a series of errors and malfunctions in relief systems and process control computer systems in the Olympic Pipe Line Company's system, resulting in 277,000 gallons of gasoline spilled to Whatcom Creek. The fire burned for five days.[83][84]
  • 2000 (19 August) A 30-inch El Paso Energy natural gas pipeline exploded, killing twelve people in southeast New Mexico. They were camping under a bridge which carried the pipeline across the Pecos River. The explosion occurred underground on the east side of the river 200 to 300 yards from the campers around 5:30 a.m.. The explosion left a crater 86 feet long, 46 feet wide and 20 feet deep. The fireball was visible 20 miles north in Carlsbad, N.M. The pipeline was installed in 1950.[85]
  • 2010 (September 9) The San Bruno pipeline explosion: At 6:11 PM, a PG&E 30-inch natural gas line exploded in San Bruno, California, killing 8. Eyewitnesses reported the initial blast "had a wall of fire more than 1,000 feet high".[87]
  • 2014 (Feb) In Knifely, Adair County, Kentucky, a Columbia Gulf gas pipeline exploded at 1 a.m. flattening homes, burning barns, and causing one casualty. The 30-inch natural gas pipeline was about 100 feet from Highway 76 and buried 30 feet underground. When it exploded, large rocks and sections of pipeline flew into the air, leaving a 60-foot crater. Columbia Gulf, part of NiSource’s Columbia Pipeline Group, owns and operates more than 15,700 miles of natural gas pipelines, one of the largest underground storage systems in North America. The pipeline that exploded was carrying natural gas from the Gulf of Mexico to New York.[102]
  • 2018 (September 13) Suspected over-pressurization of natural gas pipes by Columbia Gas caused multiple explosions and fires in 3 towns in Massachusetts (Andover, Lawrence, and North Andover), leaving 1 dead.[110]
  • 2019 (August 1) An Enbridge natural gas pipeline ruptured causing a massive explosion in Lincoln County, Kentucky, leaving 1 person dead and 5 hospitalized. The explosion and resulting fire destroyed railroad tracks and at least 5 homes in a nearby trailer park.[112]
Well, you certainly know more about pipelines than I do.

What's your plan to replace them?

Will moving all the gas and oil by truck and train be safer and more practical than pipelines?

Serious question, understanding every option has risks. Are pipelines a better or worse option? And which option is the greenest?

Also as I have said previously, there will be no end to the need to move oil in the future as most everything we have contains a petroleum product so stopping the transport is not an option.
 
Well, you certainly know more about pipelines than I do.

What's your plan to replace them?

Will moving all the gas and oil by truck and train be safer and more practical than pipelines?

Serious question, understanding every option has risks. Are pipelines a better or worse option? And which option is the greenest?

Also as I have said previously, there will be no end to the need to move oil in the future as most everything we have contains a petroleum product so stopping the transport is not an option.
To be honest we should have been heavily investing in alternative fuels for decades more than we have.

the problem with oil pipelines besides them randomly exploding is the constant degradation of thensoil soil/water around them.

imho we should have also been investing in a much much better railway infrastructure for decades as well. It’s the most efficient way to move things and the safest.

a lot of the issues are due to poor training and maintenance which would most likely be solved with more investment in that sector. Compared to the rest of the modern world our rail systems are ancient
 
And the dumbasses listen to the Biden administration and paid the ransom.

Colonial Pipeline paid $5 million ransom to hackers​


I posted in another thread that on CNBC,they reported that Darkside was experiencing some issues,the couldn’t say if the US Government had anything to do with it or who it was messing with them.
 
To be honest we should have been heavily investing in alternative fuels for decades more than we have.

the problem with oil pipelines besides them randomly exploding is the constant degradation of thensoil soil/water around them.

imho we should have also been investing in a much much better railway infrastructure for decades as well. It’s the most efficient way to move things and the safest.

a lot of the issues are due to poor training and maintenance which would most likely be solved with more investment in that sector. Compared to the rest of the modern world our rail systems are ancient
This response was driving in the rear view mirror.

I ask again; Serious question, understanding every option has risks. Are pipelines a better or worse option? And which option is the greenest?
 
This response was driving in the rear view mirror.

I ask again; Serious question, understanding every option has risks. Are pipelines a better or worse option? And which option is the greenest?
Invest in railroads the money we would invest in pipelines and that would be safer and greener
 
Also railways can be used to transport more than just oil if needed, it’s just a more efficient use of resources
 
Interesting development:
Interesting. Can you hide a virus or a tracker program in cryptocurrency?
 
Very smart of them, now that the US is giving them attention, the longer they are around the more chances they have to slip up - and they all end up with stage 4 cancer all over their bodies
 
Maybe or upgrade and improve the ones we do have

railroads cost around a million a mile, pipelines cost around 7-8
From Google; Costs associated with pipeline construction depend on many factors. – the cost per mile increases with the pipe size. construction on land using a 12-inch pipeline costs about $300,000 per mile while using a 42-inch pipeline costs almost $1.5 million per mile.

Also per Google the one million per mile of railroad does not include grading and crossings.

Both options will be met with fierce resistance from environmental groups and landowners.

An anecdotal tidbit of a personal nature. I live outside of Atlanta and the railroad between Atlanta and Charlotte passes by the back of my subdivision. Last October we had heavy rain and the track bed washed out and derailed a freight train. For the closet folks it was a bad night. Fortunately I live at the other end of the subdivision and didn't know about till the next day.


This is a highly utilized and well maintained track. A hundred cars of 87 octane might have been really bad news.
 
  • Like
Reactions: cocks rule

Were these hackers even real, or something else entirely? False flag? Testing? Contractors?
 
If he stopped it the he restarted it.
SMH. Sure! Ok, I'm off to rob a bank and scare the shit out of everyone. Don't worry, I'll give the money back later. Then you can give me a medal for getting the money back.
 
I'm not going to lose any sleep over them paying 5 mil for ransom. Apparently they paid it all in Bitcoin. These guys make 5 mil in a day...
Over the past decade, Colonial has distributed nearly all its profits, sometimes more, in the form of dividends. In 2018, for example, it paid nearly $670 million to its owners, even more than the $467 million net income. Last year, it returned to investors over 90% of its $421.6 million in profits.
I would advise these guys to pay a little more for their cyber security.
The company simply does what all companies do with their operating costs: pass them on to the retailer who in turn passes them along to the final consumer. One thing I learned in earning my BS in Business Administration degree is that all costs must be passed along to the final consumer. Oh, and BTW, we learned that all taxes are costs that must be passed to the final consumer.
 
  • Like
Reactions: uscnoklahoma2
The company simply does what all companies do with their operating costs: pass them on to the retailer who in turn passes them along to the final consumer. One thing I learned in earning my BS in Business Administration degree is that all costs must be passed along to the final consumer. Oh, and BTW, we learned that all taxes are costs that must be passed to the final consumer.
And don't forget that they had to pay corporate income taxes on those earnings and after they paid the after tax dividends to the shareholders, those shareholders had to pay income tax on the dividends that had already been taxed - Double Taxation.
 
And don't forget that they had to pay corporate income taxes on those earnings and after they paid the after tax dividends to the shareholders, those shareholders had to pay income tax on the dividends that had already been taxed - Double Taxation.
Stay at your day job. Accounting isn't it.
 
The company simply does what all companies do with their operating costs: pass them on to the retailer who in turn passes them along to the final consumer. One thing I learned in earning my BS in Business Administration degree is that all costs must be passed along to the final consumer. Oh, and BTW, we learned that all taxes are costs that must be passed to the final consumer.
With fungible goods with several suppliers of those goods, there is a certain amount of elasticity in the price, but you can seldom pass all your increase in costs to the customer.
 
And don't forget that they had to pay corporate income taxes on those earnings and after they paid the after tax dividends to the shareholders, those shareholders had to pay income tax on the dividends that had already been taxed - Double Taxation.
Absolutely!!! Great point!!
 
With fungible goods with several suppliers of those goods, there is a certain amount of elasticity in the price, but you can seldom pass all your increase in costs to the customer.
If a business requires a specific after-tax income amount or percentage of revenue, it must pass along all operating costs to the customer or cut those operating costs somehow. The fastest way is to reduce labor costs accordingly. A business that willingly eats those costs will be out of business or acquired by another business at a bargain basement price. As as shareholder in numerous companies, I don’t like it when the CEO and other executives miss target EPS by a single penny.
 
If a business requires a specific after-tax income amount or percentage of revenue, it must pass along all operating costs to the customer or cut those operating costs somehow. The fastest way is to reduce labor costs accordingly. A business that willingly eats those costs will be out of business or acquired by another business at a bargain basement price. As as shareholder in numerous companies, I don’t like it when the CEO and other executives miss target EPS by a single penny.
I stand by my statement. These companies don't operate in a vacuum.
 
Shareholders are taxed only AFTER they have received the dividends. It is not taxed to them before the corporation distributes it.
WRONG — the shareholders are the owners of funds from the time revenue is generated. They are liable for the use of those funds through the income statement process. They don’t suddenly become owners when net income is distributed.
 
WRONG — the shareholders are the owners of funds from the time revenue is generated. They are liable for the use of those funds through the income statement process. They don’t suddenly become owners when net income is distributed.
In a C-Corp, the corporation pays taxes on its income, the shareholders don't pay taxes untils the dividends are declared and distributed. If they fall under the Partnership Tax section, then the Shareholders are taxed on their respective percentage of the companies income, regardless of whether distributed or not, but there is no corporate level tax.
 
They did not. IRC Section 165(a).
This is why investors get so pissed at you accounting types who only understand the accounting process in the form of corporate reporting statements and not from the perspective of equity investment. It’s also why the average citizen is content to trust their hard earned money to dipshit financial advisors.
 
In a C-Corp, the corporation pays taxes on its income, the shareholders don't pay taxes untils the dividends are declared and distributed. If they fall under the Partnership Tax section, then the Shareholders are taxed on their respective percentage of the companies income, regardless of whether distributed or not, but there is no corporate level tax.
The investor IS the corporation! When the corporation is taxed, by logic, the investor is taxed at the same time.
 
This is why investors get so pissed at you accounting types who only understand the accounting process in the form of corporate reporting statements and not from the perspective of equity investment. It’s also why the average citizen is content to trust their hard earned money to dipshit financial advisors.
We comply with GAAP, which is authorized by the FASB.
 
I think you would be wrong. I am a Certified Public Accountant. Have been for over 35 years. What are your credentials?
Accounting major, former CPA, worked in corporate accounting, not individual. Tax attorney with an LL.M.

Not sure how you missed IRC Section 165(a).
 
Accounting major, former CPA, worked in corporate accounting, not individual. Tax attorney with an LL.M.

Not sure how you missed IRC Section 165(a).
I'm not sure why you don't understand that corporations (C Corps) pay corporate income tax via an 1120 Corporate tax return. I'm also not sure why you don't understand that when they pay their shareholders a dividend that they issue a 1099 -DIV to the IRS and to the shareholder, and that the shareholder is responsible for reporting those dividends on his/her personal 1040 tax return and is responsible for paying the income tax on those earnings. The dividends they are distributing are from their earning which have already been taxed at the corporate level. This is not a new concept. If the corporation makes an S election then it can pass the earnings on to the shareholders via a K-1 and not pay corporate income tax. But the corporation in question is not a S Corp, it is a C Corp.
 
ADVERTISEMENT

Latest posts

ADVERTISEMENT