Posted on 09/04/2016 3:25:17 PM PDT by Lorianne
Proponents of the Dakota Access Pipeline, which will connect fracked crude oil from the Bakken fields in North Dakota to markets across the country claim the controversial project will enhance energy independence. But at least a portion of the oil may well end up as exports to foreign markets, either as crude or as a refined product.
Energy Transfer Partners, the company behind the Dakota Access Pipeline, has built public support and pressured regulators to approve the project by asserting that the oil will enhance energy independence, because it will be used exclusively by U.S. consumers.
The company claimed in a presentation in Iowa, a state that granted approval for the project this year, that the pipeline will feature 100% Domestic produced crude that supports 100% domestic consumption.
The domestic energy claim, which has been touted by company brochures and a pro-pipeline website, has also been used to criticize hundreds of demonstrators in North Dakota who say the Dakota Access endangers drinking water and threatens sites that are sacred to a number of Native American nations and tribes.
Its a shameful act by a group of people trying to disrupt our energy security and independence, Dakota Access officials told the Associated Press in the response to the protests, which have blocked construction of the pipeline near the city of Cannon Ball, N.D.
(Excerpt) Read more at theintercept.com ...
Can’t do it. It would lower the trade deficit. And what then could people whine about?
Given that the US does both, the exporting will decrease the net balance of importing. Should something happen to put a pinch on imports, of course what the Dakota pipeline carries can be put to a higher or complete degree of domestic use.
This kvetching is from environmentalists.
Exactly. Trying to segregate a resource by where it comes from only makes use of that resource less efficient.
As long as oil is allowed to be exported, it should not matter what pipeline it comes from.
And I’ve seen some pretty bad lying on the part of “American Indian protest movements” that look a lot more like astroturf than anything else. Like the oil drilling in this project, and/or the pipeline, will turn green and grassy meadows interspersed with streams and ponds into something that looks like an alien wasteland.
Alaskan oil should have ALWAYS been exported to Asia. Calif refineries were not made for that brand of crude.
Be interesting to know how much OPEC money is going to the Indians, in return for their protests.
We trade oil, any output of oil in excess of demand will be traded for other products that are in demand. Most likely other oil products or refined products.
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