Dakota Access argues pipeline closure would cause “economic shock” By Reuters – Investing.com

Dakota Access argues pipeline closure would cause “economic shock” By Reuters – Investing.com

© Reuters. Law enforcement officers move into the main opposition camp against the Dakota Access oil pipeline near Cannon Ball

NEW YORK (Reuters) - The operators of the Dakota Access oil pipeline (DAPL) argued to a federal court on Monday that the system's shutdown would be even more harmful than previously anticipated, in their final plea to keep the line open after a key permit was scrapped. The operators, led by Energy Transfer (NYSE:), told the U.S. District Court of the District of Columbia that an "immediate economic shock" would occur if the line were shut during a court-ordered environmental review. The company's revenue losses while closed would be 10% higher than previously projected, at between $3.44 million and $4.28 million per day, they said. The 570,000 barrel-per-day (bpd) DAPL pipeline began operating in 2017 but has been locked in legal battles with Native American tribes and activists since before the line started construction. Last year, the D.C. Court canceled a permit allowing DAPL to operate below the Lake Oahe waterway in North and South Dakota. DAPL is the biggest system carrying oil from the Bakken shale basin of North Dakota and Montana. The Court also ordered