Oil from the Bakken formation has been playing hard-to-get. According to data from the Energy information Administration (EIA), production from the North Dakota reserves peaked in December 2014, due to acutely stinted oil prices and the technical limits of existing extraction technologies. So, is the DAPL project even needed?
Even though the Dakota Access pipeline’s immediate utility may be constrained by these two factors, the long-term benefits of a line connecting the largest oilfield in the lower 48 states to refineries located in the rest of the country will ensure the speedy distribution of domestic energy resources as new technologies unlock previously unattainable reserves.
But the pipeline’s road to construction has been met with fierce opposition.
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