Pipeline Tycoon Makes Billions Even Amid Dipping Oil Prices

Aided by a Fleeing Competition and a Good Business Model

I have never believed that falling oil prices are bad for the economy. In fact, towards the end of last year I had blogged a few times about how that was the only silver lining of 2014! When the consumer benefits from lower prices, why should the world be disappointed?

Only market analysts, always looking for ways to paint a negative outlook for any sector, were predicting doom for the economy.

Today, a Bloomberg report points out how one of America’s shale tycoons built a $7.3-million fortune by making smart moves during the industry’s dark times.

Smart moves indeed when the industry and market analysts have been sulking over dipping oil prices! He is a shining example of success amid trying times, with “vaporizing competition” aiding the growth of Mr Kelcy Warren’s little-known company, Energy Transfer Partners!

G Joslin Vethakumar

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