Sunoco Logistics Will Build $2.5B Mariner East 2 Pipeline

Big news from Sunoco Logistics. Yesterday the company announced they’ve now signed up enough customers that they will proceed (if they get regulatory approval) to build a second Mariner East pipeline–Mariner East 2–which will run alongside the existing Mariner East pipeline from eastern OH and western PA all the way to the Philadelphia area and the Marcus Hook refinery. Sunoco Logistics did not mention who those customers are who have signed up, but they did say based on the commitments, they will spend $2.5 billion (!) to build the new pipeline and to expand the Marcus Hook operation by adding a propane dehydrogenation (PDH) plant to manufacture propylene. The new pipeline will flow natural gas liquids including propane, butane and ethane…
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Yesterday’s election was, by all accounts, historic. It was a complete and utter repudiation of Barack H. Obama and his aggressive socialist policies–there’s no denying that. Republicans picked up governorships in most states where they ran. The one cloud was, unfortunately, Pennsylvania where California environmentalist wacko Tom Steyer’s $10 million+ purchased the governorship for the hapless Democrat Tom Wolf. One bright spot in PA (we challenge you to find this news in your local newspaper today) is that Republicans picked up MORE seats in both the PA House and Senate. Which means unless Republicans cave, there will be no severance tax to shut down Marcellus drilling in the Keystone State–at least for the next few years. Whew. In New York, Republicans (beyond all belief) held on and improved their majority in the Senate. The NY Senate is the only firewall against legislative action to permanently stop fracking in the Empire State. Whew. And what’s this, New England moves Republican???…
There’s a reason Philadelphia has the reputation of being one of the most corrupt cities in America–because it is. We have proof. Back in March of this year, after a long, hard process, the Democrat Mayor of Philly, Michael Nutter, announced a deal to sell the municipally-owned (and bleeding money) Philadelphia Gas Works to UIL Holdings Corporation, a Connecticut-based investor-owned gas and electric utility holding company (see