DAPL

Why Pipelines Are Becoming Bad Business for the US Oil Industry

Why Pipelines Are Becoming Bad Business for the US Oil Industry

According to LaDuke, there’s been a fleeing of industries from pipelines. “Pipelines are a risky business, you know? And just to be clear, like to me, this is really not just a pipeline question. It’s a question of infrastructure,” LaDuke said. She emphasized that pipes are a necessity, but not for oil companies, “We do need pipes, we do need pipes, but we need pipes that are like water and sewer pipes. We don’t need pipes for oil companies. And so it’s a question of, you know, how are you going to spend your infrastructure money?”

Why Pipelines Are Becoming Bad Business for the US Oil Industry (Video)

Why Pipelines Are Becoming Bad Business for the US Oil Industry (Video)

“It’s the end of an era. So anything you’re going to try to put in is going to be pretty much a last [ditch] effort. And the cost overruns of every project, you know, for the fantasy of a pipeline has been so egregious,” LaDuke noted.