North Dakota stands to gain more than $110 million annually in tax revenue after oil begins coursing through the Dakota Access pipeline, an analysis by The Associated Press shows. "Every dollar they get extra is good for the state as well," state tax commissioner Ryan Rauschenberger said. The 1,200-mile Dakota Access pipeline would carry the oil through South Dakota and Iowa to a shipping point in Illinois. It could shave shipping costs by more than $3 a barrel, according to Ron Ness, president of the North Dakota Petroleum Council. It also will link to pipelines serving Gulf Coast refineries, which pay premium prices for high quality sweet crude like that drilled in North Dakota.

Source: ABC News March 01, 2017 18:04 UTC