InvestorsHub Logo
Followers 17
Posts 6369
Boards Moderated 0
Alias Born 08/10/2009

Re: None

Tuesday, 11/18/2014 4:18:53 PM

Tuesday, November 18, 2014 4:18:53 PM

Post# of 122337
Hey stupes: America's Disastrous History of Pipeline Accidents Shows Why the Keystone Vote Matters


It'd be easy to discount the Senate vote over the Keystone XL pipeline as mere political theater but that'd be a mistake.

Build Keystone XL and you build on a long and disastrous history of pipelines in America. A new analysis of federal records reveals that in just the past year and four months, there have been 372 oil and gas pipeline leaks, spills and other incidents, leading to 20 deaths, 117 injuries and more than $256 million in damages.

The new data adds to a June 1, 2013 independent analysis of federal records revealing that since 1986, oil and gas pipeline incidents have resulted in 532 deaths, more than 2,400 injuries and more than $7.5 billion in damages.

...One difference between Keystone XL and the vast majority of other pipelines that have spilled is that it will be carrying tar sands oil, which has proven very difficult, if not impossible, to clean up. A 2010 spill of tar sands oil in the Kalamazoo River in Michigan, for example, has yet to be cleaned up despite four years of effort. Another tar sands spill in 2013 fouled an entire neighborhood in Arkansas. Federal regulators have acknowledged that Keystone XL, too, will spill.

TransCanada's existing Keystone I tar sands pipeline has reportedly leaked at least 14 times since it went into operation in June 2010, including one spill of 24,000 gallons. The State Department's environmental reviews have pointed out that spills from Keystone XL are likely. The pipeline will cross a number of important rivers, including the Yellowstone and Platte, as well as thousands of smaller rivers and streams.

MUCH MORE: http://www.huffingtonpost.com/noah-greenwald/pipeline-accidents_b_6174082.html

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.