Dakota Access Pipeline Just the First Step in Trump’s Energy Plan
After months of standoffs between police and protesters, the Dakota Access Pipeline (DAPL) has been given the green light to finish its final phase. The U.S. Army Corps of Engineers has granted an easement allowing DAPL to cross under the Missouri River Reservoir, which the Obama administration denied. This comes after President Trump’s executive order for the army to speed up its easement decision. What’s next for Trump?
What’s Next for Dakota Access Pipeline?
The Army is abandoning its environmental study of the Dakota Access Pipeline and grant a permit for completion following Trump’s executive order to complete the pipeline. Republicans and the oil industry are thrilled as DAPL is now ready to move forward with construction of the 1,172 mile oil pipeline which will pump as many as 570,000 barrels of oil daily from North Dakota to Illinois. The status of the pipeline was in doubt for months as President Obama stopped the project in its track. Now, however, the project’s completion looks to be imminent.
The company behind the pipeline, Energy Transfer Partners, says the pipeline will be ready for commercial service by June 1st, needing only 83 days to complete the final section of the pipeline from the time it’s granted the easement.
JULIE TURKEWITZ February 07, 2017 at 07:32PM Army Approves Construction of Dakota Access Pipeline … https://t.co/L717mwZVLn
— whitepm79 (@whitepm79) February 8, 2017
But the real significance of this is that Trump is holding true to his America First Energy Plan. That means that more oil projects are soon to be under way for the U.S., including the Keystone XL Pipeline. Energy has been one of Trump’s promises since he announced his intention to run for president. Now, he’s seeing it through.
Watch the news from ABC News regarding as President Trump signs to move forward Dakota Access Pipeline:
From here on in, the country should expect more fracking, drilling, and oil, as Trump looks to reestablish America as an independent leader in the energy sector. The thought process here follows Trump’s isolationist policies, freeing the U.S. from foreign energy influences. Investors would be wise to continue trading energy and oil companies, especially shares of Energy Transfer Partners, L.P. (ETP), which ticked up on the day.
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