MINNESOTA: Controversial Sandpiper #oil pipeline is suspending its plans for the project.Enbridge Energy Partners asked regulators late Thursday to stop their consideration of the pipeline, the Minneapolis Star Tribune – @AceFinanceNews

#AceFinanceNews – Sept.05: Another oil pipeline is dead, raising the stakes for Dakota Access.

Enbridge announced Thursday it will no longer pursue its Sandpiper pipeline, which would have run through parts of North Dakota, Minnesota, and Wisconsin.

Enbridge will instead focus on its investment in the Dakota Access pipeline, a battle that’s kept Native American tribes and other activist groups occupied for weeks.

The decision gives both sides a renewed stake in getting their way on Dakota Access.

The more companies you have pushing on that the harder it is to push back,” said Catherine Collentine, a Sierra Club campaigner working against both projects. “There’s a huge concern that their support on Dakota Access is going to help move the project forward, help give it legs to stand on.

And residents who live along the Sandpiper’s proposed route in northern Minnesota — which would have coursed near the Mississippi’s headwaters, Native American wild rice land, and Lake Superior — aren’t completely in the clear yet, either. Enbridge still has plans for another pipeline, the creatively named Line 3, that’s currently on hiatus. It would run parallel to Sandpiper’s route through the same midwestern wilderness.

Apparently Enbridge hasn’t wised up to how serious Minnesotans are about their lakes and wild rice.

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USA: Gasoline prices on ‘ Labor Day ‘ hit all time low at average retail price of $2.24 per gallon on Monday according to energy admin office – @AceFinanceNews

#AceFinanceNews – Sept.05: Labor Day gasoline prices the lowest in 12 years

Americans driving on Labor Day weekend will pay the lowest price for gasoline over the holiday in more than a decade.

The average retail price of gasoline was $2.24 a gallon on Monday, the Energy information Administration reported on Friday….

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To keep online information secure, experts recommend keeping your social media accounts private, changing your passwords often, and never answering unsolicited emails or phone calls asking for your personal information. Need help and guidance visit https://acepchelp.wordpress.com and leave a comment or send a private message on Telegram @Aceone31

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#G20 The world’s two largest oil producers, Russia and Saudi Arabia, on Monday agreed to act together to stabilize global #oil output – @AceFinanceNews

#AceFinanceNews – Sept.05: This is a report from our breaking news earlier
https://acebreakingnews.wordpress.com/2016/09/05/breaking144-saudiarabia-russia-energy-ministers-announce-mou-signed-at-g20summit-on-oil-market-saudi-gazette-acebreakingnews
After months of price volatility in the #oil markets today Saudi Arabia, Russia sign strategic oil pact
Author:
ARAB NEWS

Mon, 2016-09-05
ID:
1473073652371895100

HANGZHOU: The world’s two largest oil producers, Russia and Saudi Arabia, on Monday agreed to act together to stabilize global oil output.

Energy ministers Alexander Novak and Minister Khalid Al-Falih met Monday on the sidelines of the Group of 20 nations’ summit in China. A joint statement released by Russia said both ministers “recognized the need to restrain an excessive volatility of the oil market” and agreed to act together “in order to stabilize the oil market.”

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#g20https

MARKETS: ASIA: Stocks rise as US jobs report set off hopes among traders that Federal Reserve will wait before raising interest rates – AP – @AceFinanceNews

#AceFinanceNews – Sept.05: Asian stocks rise as US jobs report set off hopes among traders that Federal Reserve will wait before raising interest rates – AP

http://apne.ws/2bWEdW9

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