Tesoro to Ship Oil to Pacific Through Panama Pipeline
Tuesday, December 16 2008 @ 03:08 PM UTC
Contributed by: Don Winner
Editor's Comment: The last time I checked Panama is still only about 50 miles wide at some places. These kinds of deals, specifically related to the petroleum industry and pipelines, will become more prevalent. There are several plans and projects underway, and while the price of oil is falling on world markets due to the global economic crisis, everyone knows oil prices will go right back up again as soon as things turn around. Now is the time to invest in the infrastructure to be better positioned for the next run. Now, how far into the future will that be? Who knows. My crystal ball says...