What is the Tunnel Wall?

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Monday, May 15, 2017

AP reports on a ‘sort of boomlet’ due to Trump’s approval of pipeline

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Thomas Lifson  "President Trump's leadership already is making one part of America great again: North Dakota.  The Trump administration's timely approval of the Dakota Access Pipeline already is providing a shot of adrenalin to the North Dakota economy.  Even better, the long-term benefits are substantial and will continue long after construction is completed and it is in use, in about a month.  James MacPherson of the Associated Press reports:
More than two years after the state's unprecedented oil bonanza fizzled to a lull, North Dakota – the nation's No. 2 oil producer behind Texas – is experiencing a sort of boomlet that has pushed daily production back above 1 million barrels daily.
"There is a long-term optimism that was not here just a year ago," said Williston Republican Sen. Brad Bekkedahl, whose western North Dakota district is in the epicenter of the state's oil-producing region.
Industry officials and others say the uptick comes from a bump in crude prices, regulatory certainty with the more drill-friendly Trump administration, better technology, and the prospect of nearly half of the state's crude coursing through the disputed Dakota Access Pipeline, which could open markets abroad where top prices are typically fetched.  . . . 


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