Gary Anderson Blog | Trump's Embracing Unions Will Cause Economic And Oil Strife | Talkmarkets - Page 3
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Trump's Embracing Unions Will Cause Economic And Oil Strife

Date: Tuesday, January 24, 2017 2:51 PM EDT
Most of the Dakota pipeline was completed by the summer of 2016, except for a small section under Lake Oahe, a reservoir that forms part of the river.
Trump on Monday met with leaders of labor unions, including the Building and Construction trades group and the Laborers International Union of North America, who have been vocal supporters of both pipeline projects.

As America finds out that union support is at the heart of this Dakota support, it could backfire on Donald Trump because people will likely die in this protest, and native Americans and former military men could die because Trump supports the building unions. 

And that is a strife that America and Donald Trump could do without. 

Building a pipe carrying oil under a lake necessary for the Sioux water supply has been cleared by the Army Corps of Engineers, but seems to defy common sense. Not only will unions be hurt by this assault on the native Americans, but so will the -oil companies in the short term. The companies invested in Dakota have a lot to lose in terms of PR, but it could one day be overcome. These include Energy Transfer Partners (ETP), Phillips 66 (PSC), Enbridge (ENB) and Marathon Oil (MRO). 

 

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Comments

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Joe Black 3 years ago Member's comment

I'm greatly concerned that #Trump is in the white house. I'm willing to give the man a chance, but for now, I'm worried.

Gary Anderson 3 years ago Author's comment

He is attacking native Americans. I don't see that going down well. As far as making products here, unions will be crucial to wage increases, as products will likely cost more. So, yes, unsettling changes are in store. Some people will be helped and some will be crushed.