Rockman,
While the jury will remain out for a while longer on this....if you listen to Ed talk, or Richard for that matter, you have to understand something, and I am sure you know this....They are speaking to investors and wall street. They are cunning, but they also lie very well. I have witnessed that first hand. My whole point in posting this today is compared to what they were saying in 2012 I dont think this thing is panning out quite the way they painted it back in 11 and 12. I think the only real benefit here will hopefully turn out to be a controlled supply for us, and a possible reduction or even elimination of crack costs for Delta.
Which aint a bad thing, but I still think they have a bunch of landmines to step around. I really think they are or were hiding something with all the talk about Sandy. Philadelphia had MINIMAL impacts from that storm. A lot depends on where rail costs go and how long the supply can keep flowing from the Bakken before prices for WTI begin rising again. I do know they are paying more than planned for oil arriving by rail and have been since that started a while ago.