stayontheblack.com

Science

Highway closed again due to pipeline protesters

A section of the Dakota Access Pipeline under construction in Morton County North Dakota

"Dakota Access went from being in some doubt to being a solid bet with this election", said Ethan Bellamy, senior analyst for Baird. "People were just living, camping, cooking and taking care of each other, and it felt like a military zone", she said.

Highway 6 between County Road 138A and 135 (approximately 10 miles) has been closed due to significant protest activity in the area and traffic safety, the North Dakota Association of Counties said in a news release.

"We must strengthen our resolve to protect the water, pray together for understanding, and pour our hearts and minds into the future of all our children", he added. While interviewing a protester recently, journalist Eryn Schrode reported she was hit by a rubber bullet.

The operator picked the day of the US elections to announce that will be going ahead with a final initiative in two weeks despite the Native American protests.

North Dakota's shouldered most law enforcement expenses to date, even paying for officers from elsewhere. The Standing Rock Sioux Tribe and its supporters argue that it threatens drinking water and cultural sites.

As a practical matter, pipeline construction in the State of North Dakota is complete except for the crossing beneath the Missouri River at Lake Oahe.

On Wednesday, Energy Transfer Equity shares were up 15% in early trading because investors now expect the pipeline to proceed, says Jay Hatfield, portfolio manager of InfraCap MLP ETF (AMZA).

Dallas-based Energy Transfer Partners, the company proposing the pipeline, says it has secured all of the permissions from landowners it needs in the Dakotas. However, an 1868 treaty claims that this piece of land, as well as much of the land surrounding the pipeline's construction, is territory unceded by the Sioux to the federal government, weakening the Army Corps of Engineers' claim that it belongs to them. Gov. Matt Mead previously said sending the troopers represented only a desire to extend emergency help to another state and didn't signal that Wyoming had taken a position on the pipeline controversy.

Akron, Ohio, will be among the dozens of cities hosting protests at U.S. Army Corps of Engineers sites next Tuesday as part of a national day of action against the Dakota Access Pipeline.

At the same time, the pipeline nears completion with the final stage of construction beginning in two weeks. There is little work left to do in North Dakota, except near the Missouri River, although the company is still working on sections in Iowa. What initially seemed to Energy Transfer executives and its lenders to be a safe and profitable way to transport fuel from one of the world's largest oil fields has instead evolved into an object lesson of the financial risks and social tumult caused by mega-scale development projects in the 21st century.