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It blames most spills now on thieves who tap into crude oil pipelines to steal oil.
NPR: Dutch Court Rejects Most Of Shell Spill Case
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The pipeline can import up to 1.2 million barrels per day and is connected through a network of crude oil pipelines to about one-half of U.S. refining capacity.
FORBES: Gustav Rides Louisana's Energy Highway
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Genesis is a master limited partnership that operates crude oil pipelines and is an independent gatherer and marketer of crude oil in North America, with operations concentrated in Texas, Louisiana, Arkansas, Mississippi, Alabama, Florida and the Gulf of Mexico.
FORBES: Get A Steady Flow Of Income From This Oil MLP That's Raised Its Dividend 29 Times In A Row
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Pipeline operators commonly hedge the value of the crude oil flowing through their pipelines.
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The greens are flogging claims that Canada's oil-sands crude is more corrosive to pipelines than is other oil, and that this makes the Pegasus leak (and future Keystone leaks) inevitable.
WSJ: Review & Outlook: A Tale of Two Oil Spills
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This was due largely to higher crude oil tariff revenues and the acquisition of interests in Gulf of Mexico oil pipelines from Marathon Oil Corp. ( MRO) in January.
FORBES: Get A Steady Flow Of Income From This Oil MLP That's Raised Its Dividend 29 Times In A Row
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By contrast, oil pipelines carry far more crude and have fewer leaks per mile.
WSJ: Review & Outlook: A Tale of Two Oil Spills
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The deal assures supplies of crude oil for Mazeikiu through the Soviet-era pipelines which tie it still to Russia.
ECONOMIST: Lithuania has the fastest-growing economy in Europe
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Substantial investment in crude oil, natural gas and natural gas liquids pipelines will be required in order to build, expand, and reverse pipelines to address the new supply source locations .
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Pipelines uneventfully transport millions of barrels of crude oil, refined products and distillates each and every day, which according to government estimates, accounts for approximately 65% of all energy supplies used on a daily basis.
FORBES: Pipeline Infrastructure: Rhetoric v. Reality