Federal Judge James Boasberg ruled in favor of the Standing Rock Sioux Tribe yesterday (June 14), handing the tribe its first legal victory in its battle against the Dakota Access pipeline.
Well, sort of…
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Whiting Petroleum Corp
How the Dakota Access Pipeline Fight Could Burn Oil Stocks
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The Obama administration's indefinite delay of the half-finished Dakota Access pipeline has far-reaching implications, all of which are negatives for U.S. oil stocks.
The delay is bound to have a chilling effect on future oil and natural gas pipelines. It means any similar project is at risk of rejection even after it has made it through the permitting process and construction has started.
And that's put these oil stocks in the crosshairs...
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