• 4 minutes What will the future hold for nations dependent on high oil prices.
  • 7 minutes Paris Is Burning Over Climate Change Taxes -- Is America Next?
  • 12 minutes OPEC Cuts Deep to Save Cartel
  • 15 minutes Venezuela continues to sink in misery
  • 2 hours End of EV Subsidies?
  • 2 hours Maersk's COO statment.
  • 8 hours Citi cuts Apple's price target
  • 9 hours Asian stocks down
  • 4 hours Japan Effectively Bans China’s Huawei, ZTE From Government Contracts, Joining U.S
  • 2 hours GOODBYE FOREIGN OIL DEPENDENCE!!
  • 6 hours USGS Announces Largest Continuous Oil Assessment in Texas and New Mexico
  • 13 hours China Builds LNG Icebreaker
  • 5 hours Oil prices may go up, but will be below $70 a barrel in FY19: Hindustan Petroleum Chairman
  • 31 mins Trump accuses Google Of Hiding 'Fair Media' Coverage of him
  • 14 hours Price Decline in Chinese Solar Panels
  • 6 hours Regular Gas dropped to $2.21 per gallon today
Dan Dicker

Dan Dicker

Dan Dicker is a 25 year veteran of the New York Mercantile Exchange where he traded crude oil, natural gas, unleaded gasoline and heating oil…

More Info

Trump’s Infrastructure Push Is Set To Benefit These Companies

Trump’s move this week to restart the building of Keystone XL and the Dakota Access pipelines are an indication of the increasing help infrastructure is likely to get from the new Trump administration, impacting the prices that consumers will pay for oil and gas. It should also impact a good number of pipeline companies that have been waiting for approval of new lines, mostly to move natural gas. For a long-term, conservative play in these very overheated markets, they could be a good cornerstone for investment.

Trump’s executive order on Keystone doesn’t ‘green light’ the project immediately – it puts a limit on review times and opens up a renegotiation with TransCanada on the resumption of the pipeline’s construction. Trump has mentioned that he was looking for a 25% surcharge for the US for pipeline revenues and for the project to use nothing but US steel, both of which are frankly absurd requests – but it does indicate that the pipeline this time will likely be built, after being blocked by the Obama administration.

More importantly, it signals a priority of the Trump administration to ‘fast track’ other new infrastructure projects for oil and gas, and here there have been some legitimate slowdowns that could be eased. Currently at least five major gas pipelines are caught up in lengthy reviews from the Federal Energy Regulatory Commission (FERC). Bloomberg estimates that the average time for approval…

To read the full article

Please sign up and become a premium OilPrice.com member to gain access to read the full article.

RegisterLogin

Trending Discussions




Oilprice - The No. 1 Source for Oil & Energy News
-->