Quote:
Originally Posted by Lubicon
It's been a long time since I worked that side of the industry but at least where I worked it was a fixed rate regardless of oil prices. But that also protects the pipeline when prices are low.
|
The other thing is their are take or pay provisions which charge the tolls regardless of whether you are shipping oil in the pipe.
There is also a regulated rate component to non-pre sold space on pipelines which is based on capital and opex and a % profit margin.