How Goldman Sachs and Other Corporations Profit from #NoDAPL – Anti Media News

Due to Trump’s memorandum that cancels the environmental impact review ordered by Obama, the illegal Dakota Access Pipeline is, unfortunately, one step closer to completion. Native American tribes, clean water activists, and environmental activists will continue to oppose the pipeline and block the construction. Multiple lawsuits in opposition to DAPL will also delay or hopefully halt the construction.

You may think Energy Transfer Partners (ETP), the company building the pipeline, would be hurt financially by the delayed construction.

However, according to Tyler Rosenlicht, an energy infrastructure portfolio manager, existing pipelines become more valuable when it becomes tougher to build new ones. In an interview with Barron’s he explains:

Because it has gotten so difficult to build a new one, the existing asset base is naturally worth more.

So, how many total miles of existing natural gas and crude oil pipelines does Energy Transfer have a stake in? OVER 70,000 MILES! Here’s a list of the “existing asset base” they own all or a percentage of:

Sunoco Logistics: 5900 miles crude oil, 900 miles natural gas liquids, 1800 miles refined products

Florida Gas Transmission Pipeline: 5,325 miles of interstate natural gas pipeline

Transwestern Pipeline: 2,600 miles of interstate natural gas pipeline

Panhandle Eastern Pipe Line: 6,000 miles of interstate natural gas pipeline

Trunkline Gas Company: 2,000 miles of interstate natural gas pipeline

Tiger Pipeline: 195 miles of interstate natural gas pipeline

Fayetteville Express Pipeline: 185 miles of interstate natural gas pipeline

Sea Robin Pipeline: 1,000 miles of interstate natural gas pipeline

Midcontinent Express Pipeline: 500 miles of interstate natural gas pipeline

Gulf States: 10 miles of interstate natural gas pipeline

ET Fuel System: 2,770 miles of natural gas pipeline

Oasis Pipeline: 600 miles of natural gas pipeline

HPL System: 3,800 miles of natural gas pipeline

East Texas Pipeline: 370 miles of natural gas pipeline

RIGS Haynesville Partnership: 450 miles of natural gas pipeline

Southeast Texas System: 7,100 miles of natural gas pipeline

North Texas System: 160 miles of natural gas pipeline

Northern Louisiana: 280 miles of natural gas pipeline

Eagle Ford System: 1,090 miles of natural gas pipeline

Arklatex System: 2,800 miles of natural gas pipeline

South Texas System: 1,300 miles of natural gas pipeline

Permian System: 7,820 miles of natural gas pipeline

Mid-Continent Region: 13,500 miles of natural gas pipeline

Hugoton Gathering System: 1,900 miles of pipeline

Eastern Region: 500 miles of natural gas pipeline

Other Midstream Assets: 60 miles of gathering pipelines

Marcellus Shale: 27 miles of gathering pipelines

Lone Star Express: 532 miles of NGL transmission pipelines

West Texas Gateway Pipeline: 570 miles of NGL transmission pipeline

Justice Pipeline: 127 miles of NGL transmission pipeline

Other NGL Pipelines: 147 miles of NGL transmission pipelines

Mont Belvieu Facilities: 185 miles of NGL transmission pipelines

Refinery Services: 85 miles of NGL pipelines

And who owns Energy Transfer? Here are the 10 corporations or organizations that own the highest percentage:

Alps Advisers: 5.09%
Harvest Fund Advisors: 4.15%
Kayne Anderson Capital Advisors: 3.88%
Oppenheimer Funds: 3.74%
Goldman Sachs Group: 3.53%
Tortoise Capital Advisors: 3.47%
Morgan Stanley: 3.29%
Atlantic Trust Group: 2.14%
Appaloosa: 2.14%
Bank of Montreal: 1.95%

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