Yesterday the stock market suffered its worst day in over a year. At the time of May 21, 2010, the Euro has dropped by 15% and the U.S. stock market has declined over 10%. Workers in Greece are striking, causing violence. On an even more positive note, my lovely daughter Perry graduated from college.

On the road into my office in Wayne PA, I drove by the Williams natural gas pipeline facility in Malvern. It’s an enormous pumping station that sends natural gas coming across the state and How Much Gain Reduction Should You Use On The Master Limiter?  into areas where it connects with other pipelines doing the same thing. I drive by this complex nearly every day. Williams, a multiple billion dollar master limited partnership (MLP), is really a rock solid pipeline operator (according to Wells Fargo) with a lengthy history of paying its owners steady and growing returns. A manager is an individual who owns the Williams MLP which trades on the New York Stock Exchange.

I got out of my car and paid attention to the steady hum of the compressor engines which propel natural gas through countless miles of pipelines. As a manager of Williams (and other pipelines), that humming sound ensures that my company is moving natural gas across the country and paying me the toll.

I listened carefully to the hum of the engines and looked at the massive pumping station with the sun reflecting off the communications tower. The problems with Greece and the Euro didn’t seem to change anything here. I don’t think the issues with Europe, the Euro and the stock market affect the operations of any solid U.S. pipelines.

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Shazaib Khatri136

smuhmmad147@gmail.com

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