Early information suggests that TransCanada’s buying spree across Nebraska is only at bargain basement prices. This appears to be the math.
TransCanada needs to cross about 250 miles of this state with its KeystoneXL Pipeline.
At 5,280 feet per mile, times 250 miles, the company expects to have 1,320,000 linear feet of pipeline across Nebraska.
Recently, the company appears to be offering about $16.00 per linear foot (and prices goes up all the time). At this rate to purchase its temporary construction easements, and its permanent pipeline easements, the company would spend $21,120,000.00 to cross Nebraska.
Now, $21,120,000.00 is a lot of money. But, in a project slated to cost $7,500,000,000 billion dollars to build, can anyone really believe this is the company’s final position to Nebraska landowners?
Let's also roughly estimate how much TransCanada would make in one day if their pipeline is approved. The estimate is they will pump 900,000 barrels of tarsands a day thru their pipeline. That is 37,800,000 gallons per day. Oil is trading at $82.18 per barrel. So, again rough estimates, TransCanada could make tens of millions per day.
Imagine the amounts spent by TransCanada to:
What did it take to persuade the governors in most of the states along the route to want to try to facilitate TransCanada’s construction, instead of protect their own people?
What did a special legislative session of the Nebraska Legislature cost TransCanada?
What did they have to spend to get the special session redone with a last minute amendment (LB 1161) that appears to have duped the Legislature and is now being challenged in court?
It is unimaginable that TransCanada’s investment in real estate interests in the acquisition of easements across Nebraska, could command so little money by comparison to the enormous expenditures to the company in other areas of the pipeline project.
TransCanada needs to cross about 250 miles of this state with its KeystoneXL Pipeline.
At 5,280 feet per mile, times 250 miles, the company expects to have 1,320,000 linear feet of pipeline across Nebraska.
Recently, the company appears to be offering about $16.00 per linear foot (and prices goes up all the time). At this rate to purchase its temporary construction easements, and its permanent pipeline easements, the company would spend $21,120,000.00 to cross Nebraska.
Now, $21,120,000.00 is a lot of money. But, in a project slated to cost $7,500,000,000 billion dollars to build, can anyone really believe this is the company’s final position to Nebraska landowners?
Let's also roughly estimate how much TransCanada would make in one day if their pipeline is approved. The estimate is they will pump 900,000 barrels of tarsands a day thru their pipeline. That is 37,800,000 gallons per day. Oil is trading at $82.18 per barrel. So, again rough estimates, TransCanada could make tens of millions per day.
Imagine the amounts spent by TransCanada to:
- Lobby the United States Congress so much that TransCanada got its pipeline into a bill passed by the house of representatives.
- Lobby the State Department, and the President, for a presidential permit.
- Feed the political machine with contributions to office holders and office seekers just at the federal level to get the company’s way.
- Lobby the Legislatures and County Boards of: Alberta; Saskatchewan; Montana; North Dakota; South Dakota; Nebraska (including a special session); Kansas;Oklahoma; Texas
- Run ads in papers, tv and radio
What did it take to persuade the governors in most of the states along the route to want to try to facilitate TransCanada’s construction, instead of protect their own people?
What did a special legislative session of the Nebraska Legislature cost TransCanada?
What did they have to spend to get the special session redone with a last minute amendment (LB 1161) that appears to have duped the Legislature and is now being challenged in court?
It is unimaginable that TransCanada’s investment in real estate interests in the acquisition of easements across Nebraska, could command so little money by comparison to the enormous expenditures to the company in other areas of the pipeline project.
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