The election of Democrat Joseph Biden could create more headaches for the Dakota Access Pipeline’s (DAPL) owners, who are already embroiled in legal battles to keep the main conduit for flowing oil out of North Dakota running. Without the 557,000-barrel-per-day line, getting oil out of the area, which has about 1 million bpd of output, would be much more difficult left to smaller existing pipelines and rail. DAPL’s controlling owner, Dallas-based Energy Transfer LP, is fighting to keep the pipeline running after a judge threw out its permit to run the line under a South Dakota lake that …read more
Source:: Yahoo Finance
