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“We are seeing institutions worldwide blend public and private markets, and in many cases, it’s been a great investment,” said Larry Fink, chairman and CEO of BlackRock at a summit on retirement that the company sponsored last week. More than half of the $11.6 trillion in assets under management at BlackRock are in retirement products.
Fink and other proponents say a key reason for including private assets in the $12.5 trillion workplace retirement plan market is the need for greater portfolio diversification.
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A stabbing rampage has occurred in Amsterdam, leaving five victims wounded at the famed Dam Square, including two Americans.
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Musk and some of his outriders were interviewed by Baier yesterday and said some remarkable things about the government. It is a mistake not to have him explain what they are doing. One little nugget: when HHS gives research grant money, only 65% goes to the scientist. The rest goes to the university.
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Keystone
Keystone XL is a 2,000-mile tar sands pipeline that would stretch from Canada to the Gulf Coast.
The pipeline is designed for one thing—to send oil from Canada to the Texas Gulf coast, and from there to overseas markets.
Its owner is TransCanada, a Canadian oil company.
The original petition for permit was denied on January 18, 2012 due to environmental concerns. Specifically, the original pipeline route would have passed through an environmentally sensitive area of Nebraska known as the Sand Hills region. This area has highly porous soil and shallow groundwater. The Ogallala aquifer is also in this region and the pipeline would have posed a potential threat to the drinking water. A revised permit was resubmitted in May 2012 which contained an alternate route. It was denied.
The Keystone Pipeline already exists. In fact, the Keystone Mainline is 1,353 miles of 30" pipe which extends from Hardisty, Alberta to refineries in Wood River and Peoria, Illinois. This segment has been in service since June 2010. The Cushing Extension is 298 miles of 36" pipe which runs from Steele City, Nebraska to crude oil terminals and tank farms in Cushing, Oklahoma. This portion has been flowing since February 2011.
The Keystone XL Pipeline consists of two parts. The first is the Gulf Coast Project. This portion would transport oil over 435 miles through 36" pipe running from Cushing, Oklahoma to Port Arthur, Texas. The second segment, called the Keystone XL, would run 1,179 miles from Hardisty, Alberta to Steele City, Nebraska.
Although the argument against the pipeline centers on environmental concerns, the real reason may have to do with the disdain for fossil fuels felt by environmental groups and others. Keystone XL is a relatively small issue compared to the entirety of the existing U.S. pipeline system. Hence, opponents of this project have taken a well-anticipated route, claiming that it will harm the environment. The question is, if the thousands of miles of existing pipeline has been in use and the environment seems to be unaffected, why should Keystone XL suddenly be the project that ruins the planet?
The project’s corporate backer—the Canadian energy infrastructure company TC Energy—officially abandoned the project in June 2021 following President Joe Biden’s denial of a key permit on his first day in office.
The latest twist is President Donald Trump’s 2025 rescission of Biden’s executive order that revoked the pipeline’s permit—despite a lack of interest from the would-be developer.
Keystone
Keystone XL is a 2,000-mile tar sands pipeline that would stretch from Canada to the Gulf Coast.
The pipeline is designed for one thing—to send oil from Canada to the Texas Gulf coast, and from there to overseas markets.
Its owner is TransCanada, a Canadian oil company.
The original petition for permit was denied on January 18, 2012 due to environmental concerns. Specifically, the original pipeline route would have passed through an environmentally sensitive area of Nebraska known as the Sand Hills region. This area has highly porous soil and shallow groundwater. The Ogallala aquifer is also in this region and the pipeline would have posed a potential threat to the drinking water. A revised permit was resubmitted in May 2012 which contained an alternate route. It was denied.
The Keystone Pipeline already exists. In fact, the Keystone Mainline is 1,353 miles of 30" pipe which extends from Hardisty, Alberta to refineries in Wood River and Peoria, Illinois. This segment has been in service since June 2010. The Cushing Extension is 298 miles of 36" pipe which runs from Steele City, Nebraska to crude oil terminals and tank farms in Cushing, Oklahoma. This portion has been flowing since February 2011.
The Keystone XL Pipeline consists of two parts. The first is the Gulf Coast Project. This portion would transport oil over 435 miles through 36" pipe running from Cushing, Oklahoma to Port Arthur, Texas. The second segment, called the Keystone XL, would run 1,179 miles from Hardisty, Alberta to Steele City, Nebraska.
Although the argument against the pipeline centers on environmental concerns, the real reason may have to do with the disdain for fossil fuels felt by environmental groups and others. Keystone XL is a relatively small issue compared to the entirety of the existing U.S. pipeline system. Hence, opponents of this project have taken a well-anticipated route, claiming that it will harm the environment. The question is, if the thousands of miles of existing pipeline has been in use and the environment seems to be unaffected, why should Keystone XL suddenly be the project that ruins the planet?
The project’s corporate backer—the Canadian energy infrastructure company TC Energy—officially abandoned the project in June 2021 following President Joe Biden’s denial of a key permit on his first day in office.
The latest twist is President Donald Trump’s 2025 rescission of Biden’s executive order that revoked the pipeline’s permit—despite a lack of interest from the would-be developer.
And another question. Since this is a Canadian project in which the U.S. contributes only access and convenience, and since it is a sizable project with some military implications to an embattled Europe, and since it is obviously arbitrary--why weren't the Canadians filled with wild-eyed indignation as they have been with the equally obnoxious tariffs?
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