Less than 12 hours after Donald Trump walked onto a New York City stage as the newly elected president, the stock price for Energy Transfer Equity shot up 15 percent. Among that company’s holdings is Energy Transfer Partners, operator of the controversial Dakota Access pipeline. Protesters near the Standing Rock Sioux Reservation continue to fight completion of the $3.8 billion project. But the jump in share price indicates an immediate pro-energy confidence in Trump.
And that confidence is not unfounded.