Michigan Chemistry Council Fully Supports Rover Pipeline
So often we only hear about those who oppose safe pipelines (because it flows “fossil fuels”)–and not from those who support pipelines. There is one industry that knows the importance of new pipelines. Indeed, their livelihood depends on those pipelines. That industry? Chemicals. Natural gas in its various hydrocarbon forms (methane, ethane, butane, propane, pentane, isobutane) is used to make just about everything you touch throughout the day. From shoes to clothes to packaging to tires to shingles to carpets to paint…without fossil fuels there would be no modern-day life. We would be living in the Stone Ages, dying early deaths and never traveling more than a few miles from where we live. Those in the chemical manufacturing industry understand and support the vital role of pipelines in delivering the raw material they use to create our modern way of life. The Michigan Chemistry Council recently contributed the following editorial in support the Rover pipeline project–a $3.7 billion, 711-mile Marcellus/Utica natural gas pipeline that will run from PA, WV and eastern OH through OH into Michigan and eventually into Canada…
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Somehow or other MDN wound up on the distribution list for Deutsche Bank’s Equity Research (North America) updates. Which we like! Germany-based Deutsche Bank (DB) is the world’s 11th largest bank. They have some sharp analysts who keep tabs on multiple industries, one of those industries being oil and gas. Given the recent happenings with the Dakota Access Pipeline (DAPL), and the happenings with the Ohio Rover pipeline–both pipelines projects of Energy Transfer Equity–DB decided to do a quick update on both projects, giving us the investor/trader view of what will happen over the next 2-3 months. We found the update interesting and think you will too…
Yesterday MDN told you that a war of words has broken out between the Obama U.S. Army Corps of Politicized Engineers and Energy Transfer Equity (ETE) over the Dakota Access Pipeline (see 
Two weeks ago MDN told you that TransCanada is attempting to block Marcellus/Utica gas from entering the eastern Canadian market by lowballing pipeline transportation costs from western Canada (see 
This is how it works with adults, those who wear “big boy pants.” A few weeks ago the Federal Energy Regulatory Commission (FERC) told Energy Transfer that their Rover pipeline, a $3.7 billion, 711-mile Marcellus/Utica natural gas pipeline that will run from PA, WV and eastern OH through OH into Michigan and eventually into Canada, and Columbia Pipeline that their Leach XPress pipeline, running from Marshall County, WV through Ohio to Leach, KY, that a small section where the pipelines cross must be reworked or it’s a “no go” for both projects (see 
Finally Williams has admitted, in writing, that the attempted buyout/merger by Energy Transfer Equity (ETE) is, as we said yesterday, dead (see 
As we previously reported, last Friday a Delaware court ruled that Energy Transfer Equity (ETE) has the right to terminate its merger agreement with Williams (see 
Two major pipeline projects have just received a big red light from the Federal Energy Regulatory Commission (FERC), pending changes to their plans. Energy Transfer’s Rover pipeline, a $3.7 billion, 711-mile Marcellus/Utica natural gas pipeline that will run from PA, WV and eastern OH through OH into Michigan and eventually into Canada, along with Columbia Pipeline’s Leach XPress, running from Marshall County, WV through Ohio to Leach, KY, got word from FERC that a small section where the pipelines cross must be reworked or it’s a “no go” for both projects…