The typical pipeline company has high fixed costs. What economic factors account for this situation? What advantages and disadvantages does their cost structure present? The economic and market...

The typical pipeline company has high fixed costs. What economic factors account for this situation? What advantages and disadvantages does their cost structure present?

The economic and market position of the pipelines has been described as mature and stable with little likelihood of significant growth in the near future. Do you agree? Why or why not?