Trump Set to Take Action on Pipelines… WSJ

by Jim Colburn • Tuesday, January 24, 2017

The Wall Street Journal reports that… “President Donald Trump is set to take action Tuesday to advance the Keystone XL and Dakota Access oil pipelines…”  Here is the link:

On Keystone:

“Spokesmen for the project developer, TransCanada Corp., have said the company still backs the pipeline. If completed, Keystone would send as many as 830,000 barrels of oil a day, mostly from Canada’s oil sands to Steele City, Neb., where it would connect with existing pipelines to Gulf Coast refineries.”

And on the Dakota Access Pipeline:

“This project would carry up to 570,000 barrels of oil a day from North Dakota to Illinois.”

Now we need to know more about the import tax.  Maybe the Keystone Pipeline doesn’t make economic sense with a hefty import tax, but above, the company still supports the project…




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