Initially a real estate brokerage firm, Keystone grew into an investment firm into a development company into a real estate private equity firm inand to a full-service real estate investment and development operating enterprise in He has invested and developed over 12 million square feet of properties in billions of dollars of transactions using multiple investment structures, such as Joint Ventures, Individual Syndications, Direct Investments, Real Estate Private Equity Funds and Strategic Partnerships. In addition to his real estate equity investments, Bill served as Chairman of the Board of Hyperion Bank, a Pennsylvania state-chartered commercial bank. Further, he serves as Director on non-profit boards, including the Jewish Federation of Philadelphia.
Advertise Over the past five years, exports from the US Gulf Coast have soared as refiners sitting in tax-free zones near Port Arthur, Texas, have shifted production away from gasoline and toward higher-margin diesel. That trend was captured in testimony Sept. Valve to relieve Midwest oil "oversupply" In addition to winning higher prices for Canadian oil in the Gulf, the pipeline would boost revenues by shuttling existing oil supplies out of the Midwest — boosting prices, the Canadian study and testimony also show.
Do I have it right? In hearings last May and December, TransCanada officials admitted to US legislators that the pipeline will indeed increase the price paid for Canadian oil in the Midwest — but suggested those higher crude oil prices would not necessarily mean higher gasoline prices in that region.
We would argue the overall US price per barrel will drop as refiners pay less for foreign and domestic oil competing with a higher volume of cheap Canadian oil.
Legislators react to findings Rep. Ed Whitfield R of Kentucky, who chaired two hearings into the Keystone XL, heard positive testimony about the pipeline — as well as contradicting testimony that it would do little or nothing for energy security while raising Midwest oil prices.
He still likes the project, however. Whitfield said in a prepared opening statement for the hearing he chaired.The Dakota Access Pipeline (DAPL) or Bakken pipeline is a 1,mile-long (1, km) underground oil pipeline in the United States. It begins in the Bakken shale oil fields in northwest North Dakota and continues through South Dakota and Iowa to the oil tank farm near Patoka, regardbouddhiste.comer with the Energy Transfer Crude Oil Pipeline from Patoka to Nederland, Texas, it forms the Bakken system.
Legal news and analysis on carriers, brokers, reinsurers. Covers lawsuits, coverage, liability, class actions, mergers, regulation, enforcement, legislation. Bert Dohmen, founder of Dohmen Capital Research, is known as a Contrarian and leader in the investment research business.
Read his latest views here. Critics of Keystone point out (correctly) that the State Department analysis says 42, jobs will be created during the construction of the pipeline, which will only last a couple of years.
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After its completion, they explain, the pipeline will only create a few dozen permanent new positions. [email protected] Bill Glazer founded Keystone Property Group in Initially a real estate brokerage firm, Keystone grew into an investment firm in , to a development company in , to a real estate private equity firm in , and to a full-service real estate investment and development operating enterprise in Sustainable Business provides daily green news from across the world.