SPECIAL REPORT: US oil carriers’ 2006 net incomes rebound; labor increases push up construction costs

US oil pipeline operators saw their net profits rebound in 2006, the more than $3.7 billion earned marking an increase of almost 18%, following a more than 7% dip in 2005. Oil pipeline operators’ profits equaled nearly 44% of revenue. Natural gas pipeline operators, meanwhile, saw their net profits continue to grow, rising almost 4% to top $4 billion for the first time. Operators also continued to use these profits to expand capacity. The number of formal construction plans brought before the US Federal Energy Regulatory Commission for new or expanded pipeline and compression fell for the 12 months ending June 30, 2006, but planned expenditures grew, tracking both the increased size of th...

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