Over bitter opposition from environmental activists, President Trump signed the approval of the Canadian-US Keystone XL pipeline and the Dakota Access Pipeline. When the Keystone pipeline was in its infancy, crude prices were upwards of $100/barrel and any relief was more than welcome. Then, as crude prices collapsed amid a growing worldwide oil glut, the project was sidelined by Obama in 2015.Now, in 2017, the Keystone XL pipeline may not have the same appeal to Canadian oil frackers as it once did.
In contrast to this, however, the completion of the Dakota Access Pipeline is considered a big boon to upstream producers (to say nothing of Energy Transfer Equity, the pipeline's primary owner) in North Dakota, as shipping crude via pipeline is cheaper than by rail.
https://www.nytimes.com/2017/01/24/us/politics/keystone-dakota-pipeline-trump.html
In contrast to this, however, the completion of the Dakota Access Pipeline is considered a big boon to upstream producers (to say nothing of Energy Transfer Equity, the pipeline's primary owner) in North Dakota, as shipping crude via pipeline is cheaper than by rail.
https://www.nytimes.com/2017/01/24/us/politics/keystone-dakota-pipeline-trump.html
