Energy Transfer Twists Oil Companies’ Arms On Dakota Access Pipeline

Energy Transfer, the company behind the controversial Dakota Access oil pipeline, has declared force majeure on the project to stop companies from pulling out of its plan to double the pipeline’s capacity. Reuters reported, citing unnamed sources in the know, that Energy Transfer is using force majeure to prevent companies that think the pipeline is no longer necessary to stick to their capacity commitments. The reason they think the pipeline is no longer necessary is that U.S. oil production has fallen substantially, removing the need…