The water protectors who stood up against Energy Transfer Partners (ticker: ETP) and their evil pipeline plans are claiming victory Sunday evening after the Army Corps of Engineers denied the final permits needed for the Dakota Access Pipeline.
The Standing Rock Sioux tribe championed protests which brought awareness to the sketchy oil pipe designed to run underneath the Missouri river. At a time when many parts of the country are enduring the effects of drought, Dakota Access turned into a flashpoint in the anti-fossil fuel movement.
For whatever reason, many people see the halting of DAPL as a victory against President-elect Trump. They think he has a major stake in the success of the pipeline despite their precious Snopes fact-checkers saying the claim is “Unproven”.
The possibility that our billionaire-businessman-turned-President may have a few shares of ETP kicking around in one of his portfolios has prompted our most special snowflakes to tweet out idiotic anti-Trump fodder like:
I will miss President Obama. BTW Trump held stock in the Dakota Access Pipeline. Bet he'll be disappointed. Even better. #DAPL
— Emanuel Zbeda (@therealezway) December 4, 2016
Overall, this was a victory against evil and the continuous narrative coming from most media outlets is, “if it’s evil, Trump is behind it” despite everyone knowing that all evil originates and thrives in the halls of the DNC.
Protestors are claiming victory tonight but many plan to continue staying on site—convinced the soulless machines could resume building despite Federal orders to halt. Protestors feel their work is not done until the front line is liberated.
Keep an eye on ETP shares heading into next week. A move below $32 likely triggers a fast move down to $25 before buyers reemerge.
From what I have read the pipeline is following the path of an earlier pipeline built in 1982 and their were numerous meeting open to the public prior to construction and no protest from anyone was registered. It will be a double walled pipeline and travel 90 feet below the water source and has to be completed by year-end.
My bet eventually we find this was a manufactured protest of some sort.