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ET - DAPL Ruling Is A Catalyst For Pipeline Constraints In U.S. Oil Market
Energy Transfer LP
The energy sector is a highly competitive, dog-eat-dog business. The fallout from a new judicial order compelling the closure of the Dakota Access Pipeline (DAPL) shows how one company’s loss can often be the catalyst for another company’s gain.
On July 6, a federal judge ordered DAPL to shut down by August 6 due to an inadequate environmental impact statement ((EIS)) conducted during the permit process. The U.S. District Court for the District of Columbia vacated the U.S. Army Corps of Engineers’ (Corps) grant of an easement to DAPL and ordered the pipeline shut within