Dakota Access Investors PANICKING As Contract Deadline Looms | Soshal Network, Social Circle Connection

Dakota Access Investors PANICKING As Contract Deadline Looms

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The clock is ticking for DAPL investors. If the oil isn’t flowing by New Year’s Day, their contract expires. Cenk Uygur, host of The Young Turks, breaks it down. Tell us what you think in the comment section below.

"Though water protectors have held their ground at Standing Rock against the Dakota Access pipeline for months now, they need only push for a month and a half longer until it is possible that their mere presence may actually kill the oil-funneling project.

Is it too good to be true? It might be – but it might also truly signal the end of this horrific struggle.

This is due to a very specific deadline that the company producing the pipeline is under: if oil is not flowing by January 1, 2017, the two year contract expires. Though due to the massive investment the company has already made, they may try to continue building on the site, every day that the water protectors hold the land represents a massive hit to investors’ pocketbooks.

According to Dakota Access’s own words in court documents, the delays so far have cost the company a whopping $100 million, and each month will cost them millions more.

One hopeful possibility in this scenario is that when January 1 arrives and not a drop of oil is flowing, investors elect to cut their losses and abandon the project. This is made more possible by the fact that when the contract was initially signed two years ago, the price of oil was significantly higher than it is now. As the price of oil has plummeted, so has the reasons for constructing an additional pipeline.

But as Robert F. Kennedy Jr. noted during a recent visit to Standing Rock, investors into Big Oil want the Dakota Access pipeline to go through so that the nation feels too invested in oil to move onto alternative energy. Once the DAPL is completed, it would be a long time before investors earned their investments back, giving the future of Oil in the United States a much longer expiration date.”*

Read more here:

Hosts: Cenk Uygur
Cast: Cenk Uygur

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53 comments

  1. Posted by doxide, at Reply

    These gutless political fucks make me sick. This country is going to
    straight to hell.

    • Posted by Nobody, at Reply

      Were talking about the company pigs behind the pipeline right?

    • Posted by Ms. Jackalope .j. Johnstone, at Reply

      doxide – On that note, the Times cover is super relevant 👿

  2. Posted by NerdZerg, at Reply

    We need to get some help resisting the #SABLETRAIL pipeline in Florida now!

    • Posted by fkujakedmyname, at Reply

      the place is not worth saving

    • Posted by My pet Socrates, at Reply

      Florida is doomed, get out while you can.

  3. Posted by Kevin Montrond, at Reply

    YEAH!!! When the stocks come crashing down we can laugh at the idiots in
    the comments who still support it.

    • Posted by Michael P, at Reply

      Youre the first “retired trucker” Ive ever heard of with Bane as their
      internet avatar!How cool did you think you were when you changed your
      screen name real quick so you could respond to this other idiot?

    • Posted by TheRetiredtrucker, at Reply

      +Michael P I only have one account on Youtube, and I never delete
      posts….. Is that something you do all the time?

    • Posted by Vanessa Creative, at Reply

      You mean progressives who built their parents a cottage on their summer
      ranch and put their children through universities, right? : )

    • Posted by TheRetiredtrucker, at Reply

      +Vanessa Creative LOL Liberals don’t have kids, they abort them all at
      planned parenthood silly

  4. Posted by Sandra Nelson, at Reply

    There is a problem.I can’t pull the name out of my head because of memory
    issues, but I do remember reading that Trump has picked someone who hates
    the environment to be his EPA runner. So there could very well be a
    reversal. But, dang, the idea of those vampires losing wads of money makes
    me grin.

    • Posted by James Rounding, at Reply

      Scott Pruitt, Attorney General in Oklahoma. Friend of the fossil fuel
      industry and climate change denier.

    • Posted by Sandra Nelson, at Reply

      +James Rounding I thank you for the info. Sigh. Think them electors can do
      something about this? Should we beg?

  5. Posted by Teflon KC, at Reply

    Murica = Corpotocracy

    • Posted by support lifr app technology on indiegogo, at Reply

      You that right. support my project

    • Posted by Ragitsu, at Reply

      Kleptocracy and plutocracy.

  6. Posted by Jolly Cocks, at Reply

    Conservatives are cancer

    • Posted by bogabrain, at Reply

      *Bigots are cancer

    • Posted by Michael P, at Reply

      bullshit kiddie blanket statements like that are more cancerous

    • Posted by Ken Bone, at Reply

      bogabrain Conservatives are bigots

    • Posted by Pete Jones, at Reply

      yep

    • Posted by bogabrain, at Reply

      Ken Bone and a bigot is somebody who is intolerant of people with differing
      opinions. Do you not see the hypocrisy? Is that why democrats can’t debate
      conservatives in a reasonable way without name calling, character
      assasination and meaningless label slapping? Can’t open your eyes with your
      head in the sand? The more you guys push this hatred and intolerance, the
      more you will alienate yourselves. Life is short, try to enjoy it, and good
      luck in 2020 for you so called liberals. Here’s a tip – talk about policy

  7. Posted by rebelnumba2, at Reply

    I like the sound of 10k veterans. We can save this country….together!

    • Posted by Vanessa Creative, at Reply

      Yay!

  8. Posted by Paul T Sjordal, at Reply

    If your business plan hinges on screwing over the indigenous the same way
    they’ve been screwed over throughout history, your business plan deserves
    to fail.

    • Posted by Daniel Miller, at Reply

      I wish I could like your comment over and over and over! Exactly! Very well
      said!!!

  9. Posted by Paul Klisz, at Reply

    The ratio of likes to dislikes is much higher here than I’ve seen in a
    while. Go TYT!

    • Posted by 81FOB808, at Reply

      Paul Klisz don’t worry, trump trolls will be here soon.

    • Posted by Greaseball Jones, at Reply

      The trolls are busy threatening union leaders.

  10. Posted by Kelli Barnhouse, at Reply

    Great, I hope the Pipeline
    Company goes Bankrupt!! Our Water
    Resources Are our Biggest Asset and its
    Cleanliness Should
    Be our Number one
    Agenda!! Especially
    Since The Flint Water
    Crisis!!

    • Posted by C.F. Gauss, at Reply

      All fossil fuel companies need to be made to go bankrupt or we will never
      have the motivation required to invest all our time and energy into
      developing a clean renewable energy industry.

  11. Posted by andy765gtr, at Reply

    the pipeline must be stopped to set a precident for further actions against
    fossil fuel infrastructure, roads etc

  12. Posted by Whosoever, at Reply

    The Democrats are dead as a party. Why would anybody vote for a bunch of
    watered down Republican suck ups?

  13. Posted by TurdFurgeson571, at Reply

    To get an idea for their breaking point thing about this: they offered the
    tribe $1.3B to play ball.

    • Posted by Deedee, at Reply

      Such an enormous sum, and yet the tribe turned it down. They must be aware
      of what happened to the water, land and people in Kalamazoo when the
      pipeline burst there. Massive disaster!

  14. Posted by Anke Slaton-Wallace, at Reply

    Make them squirm like a worm on the hook !!!😂😆✌💖💧

    • Posted by Brian Karcher, at Reply

      Make them dance with ants in their pants! Fire ants!

  15. Posted by casualgerm, at Reply

    to be honest, Wes Clark and those vets inspired me. I may have nerve damage
    but, dam, ill bring a full months supply of painkillers just so i can stand
    side by side with my fellow vets at the next location of the pipeline site
    to protest. I’ll do my best to bring more 3/3 Marines with me.

    • Posted by Cath' J J, at Reply

      Maybe those farmers down in Iowa could use some help.

  16. Posted by Trakker, at Reply

    It took massive political and effort to help lose a company up to $900
    million while Trump loses that through 1 stupid decision.

    • Posted by Cooper Rothschild, at Reply

      That’s how much he owes the Bank of China!

    • Posted by Cath' J J, at Reply

      Which China will gladly take in political influence, and consider cheap
      indeed. BTW, it’s also China which pre-paid the ‘oil’ (tar sand sludge), so
      if it drags on they may actually win by getting a cheaper price or an extra
      bargaining chip….

  17. Posted by 1stfloorguy, at Reply

    I could care less about investors pocket books. does any one really care
    about the hardships of the 1%??? lol

    • Posted by I'm black so it's ok to say, at Reply

      1stfloorguy Obama does, Trump does, and so dies the DNC, RNC, congress, the
      White House and every other person in power.

    • Posted by TYT is Brain Cancer, at Reply

      Go live without energy you mindless fucktard.

    • Posted by Fritzike, at Reply

      whats mindful about your response, please?

  18. Posted by Megatom, at Reply

    Hmmm, I wonder why Alex Jones isn’t covering this…

    • Posted by Vernon Greene, at Reply

      ^ ^ Not according to Wikipedia #CenkIsABoss #CenkOwnedAlex #JealousBeyanca

    • Posted by Beyanca Laquesha, at Reply

      You clearly have no clue who Cenk Uygur is. Just look into his history.
      Genocide denier, die-hard republican who bashed the hell out of democrats.

    • Posted by Megatom, at Reply

      Beyanca Laquesha I meant why isn’t Jones covering DAPL. This has nothing to
      do with Cenk.

    • Posted by k3v1n47, at Reply

      They can’t help it. “But, but, but Cenk…blablabla”
      “But, but, but, Clinton/Obama/democrats/feminists/BLM…blablablalba.”
      *Some people just choose stupid…like Beyanca Laquesha.*

    • Posted by k3v1n47, at Reply

      Beyanca Laquesha
      14 minutes ago
      You clearly have no clue who Cenk Uygur is.
      *We don’t, and neither do you.*
      Just look into his history.
      Genocide denier,
      *Apparently, not any more.*
      die-hard republican who bashed the hell out of democrats.
      *And now, a die hard liberal. He calls it “waking up”.*
      *When will you wake up?*