Posts Tagged ‘Net Present Value’

Keystone XL

Saturday, March 8th, 2014

I don’t get it. I’m going to admit that I haven’t read all the stories in detail, but that doesn’t matter to make my point. Via Maggie’s Farm, I would like to point out this photo from Ace:

Keystone XL

With all that pipeline out there, how do the people that want to build the Keystone XL continue to justify their project financially? I would think that after spending $X over the original marketing/regulatory approvals budget that the project would no longer make sense financially. I get that for the people opposed to this pipeline it is a fundamental religious principle (These people will worry, if the pipeline is ever built that Keystone XL energy may be commingled with their good energy in the same way Hindus and Muslims might worry about lard making its way into some of their food.) But the coldhearted, monocle wearing capitalists behind this project should eventually decide it is no longer worth it.

I’ve got to think the point of no return (financially speaking) was crossed long ago.