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Posted on June 18 at 11:34 p.m.
Goodyear acquired Celeron in 1984 as a diversification play in oil. That unit built the 1,750 mile long All American Pipeline for $1.6B.
After losing money on that investment, Goodyear sold their Celeron and pipeline assets to Plains Resources (Houston, TX) for $420M in 1998.
Plains Resources spun off their small exploration unit in 2002 to focus on their oil transport & storage core business. That unit was called Plains Exploration and Production (PXP). In 2013, PXP was acquired by Freeport-McMoRan.
In 2004, Paul Allen's Vulcan Group (charged with investing the billionaire's assets including his famous forays into the space industry and professional sports) purchased Plains Resources and took it private for $460M.
Vulcan began selling off its assets in Plains to other partners in 2010. Allen has less than a 0.5% stake in Plains All American today.
I'm not sure when Plains All American came to be, partnerships can be difficult to decipher. I do know that they are publically traded as a master limited partnership. As an MLP, Plains All American is not subject to paying taxes on their income (see the last link).
On News Analysis: Pipeline Problems Date Back to 1986
Posted on December 27 at 12:29 p.m.
Internet pirates have been making those "snarky comments" from the comfort of their homes for quite some time now. On the major file sharing sites, Snowpiercer, Nymphomaniac, and Melancholia have all been available.
On TV Is the New Art House
Posted on December 22 at 9:57 a.m.
Although I favor moving ahead with the widening project, I suspect some of Mayor Schneider's concerns will come true. But the public's memory is short so she may not be vindicated.
It only makes sense that as the throughput on the freeway increases, there will be bottlenecks created at the off/on-ramps. That's because everyone still wants to get to work and leave work at about the same time (despite encouragement for staggered work hours, etc.). Queuing Theory 101, so to speak.
Some counter they'll work to get funds to take care of those bottlenecks later. Time will tell whether that really happens.
Interesting point about the flexible STP and gas tax monies too. Only someone who has to juggle a budget would worry about that. Then again, it's good someone does.
IMO, Schneider's biggest misstep was publically aligning herself with the pro-left-hand offramp crowd and dual-using campaign consultant Lindaman.
On Highway Project Promises to Ruin City Traffic
Posted on December 22 at 9:38 a.m.
Awesome insights. So true about team sports.
On The S.B. Questionnaire: Roger Kuntz
Posted on December 20 at 11:44 a.m.
Another case for wearable police cameras. Or get your own if you're the suspicious-looking type:
On Jury Awards UCSB Alum $120,000 in Excessive Force Case
Posted on December 6 at 3:12 p.m.
That's an interesting observation ... district elections could actually dilute the effect of Latino voters in the long run.
Considering the Latino voter population is the fastest growing group on the South Coast, it has the potential in the medium term to be very influential. But local socio-economics being what it is, that growing population will probably remain geographically distributed more or less the way it is now for some time to come.
That suggests district elections would dilute the voting power of Latino voters compared to at-large voting! Sounds like a poor short-term gain to me.
Why settle for two seats on the council when you'll soon have enough potential voters to influence more than two seats? That's assuming Latinos can take advantage of the situation and increase registration and voter participation.
On District Election Case Set for April Trial
Posted on November 19 at 11:41 a.m.
Cherry picking as usual by climate change skeptics like loonpt. You have to read the entire article. As the last three paragraphs of the Scientific American article summarizes:
"But picking a period of a decade or so where one part of the Earth's climate system fails to warm and using it to discredit all of climate science is a fallacious argument, and one driven by those with an agenda to discredit climate scientists, the researchers say."
On VIDEO: Rare Hammerhead Shark Sighting off Anacapa Island
Posted on November 19 at 11:30 a.m.
Running up the backside of Cold Spring sounds like the killer part.
Years ago, the dam keeper used to have a bunch of dogs at his house that would bark at anything passing nearby. Wonder if there are still pooches there.
On Red Rock 50
Posted on November 14 at 10:20 p.m.
"Community empowerment takes many forms, and often those in power do not appreciate the competition ..."-- pedronava
Who's the power and who's the competition in this case?
With Barry Cappello and Frank Banales trying to force district elections down our throats, I can definitely see who wants to be in power. Qualifications (or lack thereof be damned).
On Doubling Down on Milpas Street
Posted on November 14 at 10:06 p.m.
"If the owners of just more than 50 percent of the assessed property value approve ..."
That means the large commercial properties have a decided advantage over the little fish in deciding whether this business district comes to be.
" ... apartment owners could not be included among the businesses assessed for fear that the additional cost would be passed on to their tenants."
What about mixed-use properties?
"Milpas is where visitors now go if they’re seeking “an authentic local experience".
So Los Agaves and La Super Rica now represent all of Milpas Street? What hath Julia Childs wrought!?