The eco­nomics of Dakota pipeline make per­fect sense

The Denver Post - - PERSPECTIVE - Re: Robert Brooks,

Jonathan Thomp­son’s ar­ti­cle spends a full page of the Per­spec­tive sec­tion to come to the sur­prise (not) con­clu­sion that En­ergy Trans­fer Part­ners is build­ing the Dakota Ac­cess Pipeline project to op­er­ate it at low cost, make a profit and quickly re­pay the in­vest­ment. Th­ese are the rea­sons pri­vate in­dus­try builds projects such as power plants, power lines, pipe­lines and fac­to­ries. As harsh as it may sound, pri­vate in­dus­try doesn’t build projects to pay taxes, em­ploy more peo­ple or spend more money. Any com­pany that doesn’t fo­cus on prof­itabil­ity will go out of busi­ness. But ETP does not build projects in a vac­uum. Pri­vate par­ties, cities, coun­ties, states and the fed­eral govern­ment are all in­volved in the right-of-way, de­sign, safety and op­er­a­tion of the pipeline.

I think The Den­ver Post would have served read­ers bet­ter by lim­it­ing Thomp­son to half of the space he was al­lo­cated. An en­gi­neer, economist or busi­ness per­son could have dis­cussed the Dakota Ac­cess Pipeline project in the con­text of the free mar­ket.

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