The Fort Knox Cover-up? What It Means for Gold

Trump and Musk are demanding answers: Is Fort Knox empty? If the gold is gone, supply collapses, and prices could skyrocket instantly. Right now, I've uncovered 5 major gold predictions that could make this Fort Knox moment even bigger than people realize. One of them is already unfolding--and the window to act is closing fast.

South Dakota law raises questions about future of massive Midwest pipeline

SARAH RAZA and JACK DURA
March 09, 2025

SIOUX FALLS, S.D. (AP) -- A new law in South Dakota prohibiting the use of eminent domain to acquire land for carbon capture pipelines raises questions about the viability of a proposed 2,500 mile (4,023-kilometer) project snaking through five Midwest states.

Summit Carbon Solutions, the company behind the estimated $8.9 billion pipeline, vowed to keep pursuing the project despite South Dakota Gov. Larry Rhoden's announcement Thursday that he had signed a bill into law that will make routing the line much more difficult. The law bans Summit from forcing South Dakota landowners to allow the pipeline through their property.

Plans call for the pipeline to carry greenhouse gas emissions from more than 50 ethanol plants in Iowa, Minnesota, Nebraska, North Dakota and South Dakota to a spot in North Dakota, where it would be permanently stored underground.

Legal action is possible

It's unclear whether Summit will pursue legal action but the company said in a statement that "all options are on the table" and the project "moves forward" in other states. The company promised it would have more news soon.

Large pipeline projects typically rely on eminent domain, with companies arguing that even if most landowners agree to grant access to their property, a project can be scuttled if only a few refuse.

Summit says the company, which has secured over 2,700 easements across the region, has approval for routes in Iowa and North Dakota and a leg in Minnesota.

Can the line be routed through Minnesota?

The current proposed route would cut through nearly 700 miles (1,126.5 kilometers) of South Dakota before entering North Dakota, so rerouting to the east through Minnesota would be a big challenge.

A Summit spokesperson did not respond to questions Friday about whether the company would consider a new route.

The sponsor of the South Dakota bill, Republican Rep. Karla Lems, said Summit could either reroute its pipeline through Minnesota into North Dakota or "negotiate with landowners in South Dakota" and go around opponents.

Gov. Rhoden said the South Dakota law wasn't intended to kill the project and suggested Summit see it as "an opportunity to reset."

Minnesota is a relatively small part of Summit's overall project. The only segment approved in the state is a 28-mile (45-kilometer) leg from an ethanol plant near Fergus Falls to the North Dakota border. Summit's project also includes two legs in southern Minnesota that would go into Iowa.

A Minnesota Public Utilities Commission spokesperson did not respond to phone or email messages.

The pipeline's importance to the ethanol industry

The country's transition to electric vehicles has been slower than many people expected, but most think a shift away from internal combustion engines will eventually happen.

Nearly 40% of the nation's corn crop is brewed into ethanol, which is blended into most gasoline sold in the U.S. Midwest farmers and the ethanol industry therefore see it as essential to have new markets as less of the fuel additive goes to power cars.

They see passenger jet fuel as a potentially huge new market for ethanol. However, under current rules the process for turning ethanol into aviation fuel would need to emit less carbon dioxide to qualify for tax breaks intended to reduce greenhouses.

The carbon capture pipeline is a key part of achieving those goals, Iowa Renewable Fuels Association Executive Director Monte Shaw said.

Walt Wendland, who runs an ethanol plant in Onida, South Dakota, said the "ethanol industry is a margin business" and the new state law will put South Dakota ethanol producers at a disadvantage.

"Ever since I built a plant, I never wanted an advantage, just don't put me at a disadvantage," Wendland said.

Will the pipeline ever be built?

It has been four years since Summit proposed building the pipeline, along with two other companies that later abandoned their plans. It has been a challenging process for Summit, which dealt with lawsuits in Nebraska and elsewhere, opposition before a regulatory commission in Iowa and now the eminent domain ban in South Dakota.

In its statement, Summit expressed optimism about the future but didn't offer specifics about how it could build a pipeline without eminent domain authority in South Dakota.

Since the pipeline was proposed, the federal government's approach to climate change also has changed dramatically. Democratic President Joe Biden increased tax incentives under the Inflation Reduction Act and Bipartisan Infrastructure Law to encourage carbon capture as an effort to slow climate change.

However, Republican President Donald Trump has emphasized the need for more oil and gas drilling and coal mining, and has put far less emphasis on alternative energy. Trump has not indicated whether his views will lead to changing federal policy regarding carbon capture pipelines.

___

Dura reported from Bismarck, North Dakota.

Continue Reading...

Popular

Albania shuts down TikTok for a year amid concerns over violence among children

TIRANA, Albania (AP) — The Albanian Cabinet decided on Thursday to shut down for 12 months, blaming the popular video-sharing platform for inciting violence and bullying, especially among children.

The Same "Magic Pattern" That Predicted Trump's Win Now Predicts These Niche-Trades Will Surge! - Ad

It predicted Trump's sweeping victory. And now, this pattern says a handful of niche-sectors are poised to surge as President Trump fuels America's economic boom. For only $19, you can see how millionaire-trader Jeff Clark has used this "Magic Pattern" for over 40 years to generate over 1,000 winning trade recommendations.

Canada to name a new leader while dealing with Trump trade war

TORONTO (AP) — looks set to pick a measured former central banker to deal with the threats tariffs pose against a pillar of Western free trade.

The economy and AI are likely to be among the top issues for China’s legislature

BEIJING (AP) — Harnessing the power of artificial intelligence and are among the issues expected to top the agenda when China’s legislature meets Wednesday in Beijing.

Buffett, Bezos, and Congress Are Betting Big on This One Sector - Ad

This corner of the market is NOT artificial intelligence... Crypto... or any other familiar sector or strategy. Instead...It's a sector that the U.S. Gov't spends 6-TIMES more on, than our own ENTIRE military defense budget. Don't let recent market uncertainty keep you in the dark on this massive opportunity.

Trump's erratic trade policies are baffling businesses, threatening investment and economic growth

WASHINGTON (AP) — Marc Rosenberg, founder and CEO of The Edge Desk in Deerfield, Illinois is getting ready to introduce a fancy ergonomic chair designed to reduce customers’ back pain and boost their productivity. He figures the most expensive one will sell for more than $1,000. But he can’t settle on a price, and he is reluctantly reducing the shipment he’s bringing to the United States from China.

Palantir's Head Of Defense Warns Of China's War Preparations: 'We're Not Taking It Seriously'

Palantir Technologies Inc. Head of Defense and former Congressman Mike Gallagher is sounding alarms about China's military intentions, warning that the U.S. is failing to adequately prepare for potential conflict.

Mr. Nvidia: If There's 1 Stock That's the "Next Nvidia," This Is It - Ad

If there's any stock out there that's the 'next Nvidia,' this is it," says 40-year Wall Street veteran Louis Navellier. The exact same signals his system detected in Nvidia years ago are flashing again for this company. Once Wall Street catches on, he's predicting a stampede into the shares.

CompoSecure Beats EBITDA Estimates But Analyst Cuts Price Forecast Amid Resolute Spin-Off And Growth Outlook

Analyst maintains Buy rating & lowers price target for CompoSecure Inc after Q4 revenue & EBITDA miss, but gains comfort with Resolute spin & Arculus profitability.

Trump, tariffs and potential European defense surge loom over European Central Bank meeting

FRANKFURT, Germany (AP) — The impact of a with the United States and massive increases in European defense spending and government borrowing loom over a policy meeting Thursday at the European Central Bank, which is expected to cut interest rates by a quarter percentage point.

Millionaire Trader: "My No. 1 Stock of the Decade" (Revealed Free) - Ad

The stock revealed right here just may be millionaire trader Jeff Clark's favorite stock ever. Because this one stock alone has been responsible for some of the biggest gains he's ever handed my readers... 195% in under a month... 85% in 14 days... 176% in 5 weeks... 120% in under 3 months... 55% in two days... 138% in 8 days... And even 222% in 8 days.

Prices rose along border ahead of Trump's tariffs — now disruption looms

As are set to take effect on Tuesday, Hispanic-owned businesses and companies that depend on cross-border trade are already passing higher prices onto consumers and preparing to sharply reduce imports.

Discord Reportedly Exploring IPO In 2025, Met Financial Advisors Recently To Explore Going Public

Discord is reportedly in early talks with investment bankers about a potential 2025 IPO, a move that could mark a major milestone for the gaming-focused chat platform, last valued at $15 billion in 2021.

Consumer Confidence Nosedives -- Feb Data Confirms Worst AI Fears - Ad

The latest economics numbers just came in, and they're disturbing to say the least! But there's something bigger happening...That's exactly why Dr. Martin D. Weiss, Founder of Weiss Ratings, has outlined 4 critical steps you need to take now before it's too late. The window of opportunity here is very short.

Donald Trump's 'Crypto Summit' Is A 'Critical Moment,' Experts Say

Industry experts expect the White House Crypto Summit on Friday to deliver crucial regulatory clarity and a framework for a U.S. strategic crypto reserve, potentially shaping the future of blockchain innovation.

Melinda French Gates Reveals An IBM Manager Inspired Her To Join Bill Gates Co-Founded 'Little Company' Microsoft

Melinda French Gates credited a conversation with an IBM (NYSE: IBM) hiring manager for her decision to join Microsoft (NASDAQ: MSFT), a choice that significantly impacted her career and personal life.

Strikes and Economic Unrest: Are You Prepared for What's Coming? - Ad

Louis Navellier has issued a chilling warning about the economic turmoil gripping America today. The rapid advancement of artificial intelligence and automation is reshaping industries and posing threats to jobs, pushing America's financial system to its limits. If you're not prepared, it could devastate your savings, investments, and even your retirement.

Elon Musk Calls SoftBank's Masayoshi Son 'Overleveraged' As $16 Billion AI Loan Fuels Debate About Viability Of OpenAI's Stargate Project

Tesla Inc. CEO Elon Musk criticized SoftBank Group CEO Masayoshi Son as "already overleveraged" on Sunday, reigniting concerns about funding for the ambitious Stargate AI project.

Oregon police investigate nighttime gunshots that shattered windows at a Tesla dealership

PORTLAND, Ore. (AP) — Police in Oregon said Thursday they are working with the FBI to investigate gunshots fired at a Tesla dealership overnight in the latest instance of vandalism at one of the company's retail stores.

9-Minute Trade Unlocked $67,548 Income Avalanche -- Copy and Paste - Ad

Forget cryptos, pot stocks, and other "shiny object" investments. Instead, you could collect an average of $185 every day of the year with this "boring" trade strategy Forbes magazine says is "like finding money in the street."

Ministers from Japan and UK agree to promote free trade amid Trump tariff threats

TOKYO (AP) — Economy and foreign ministers of Japan and Britain agreed Friday to promote free and open international trade at their first “two-plus-two” dialogue on economy held in Tokyo amid growing concern about U.S. President 's

Elon Musk's SpaceX Successfully Catches Super Heavy Booster With 'Mechazilla,' But Starship Upper Stage Lost In Test Flight

SpaceX marked a significant advancement in rocket reusability on Mar. 7 when the launch tower successfully caught its Super Heavy booster during Starship's eighth test flight, though the mission ended with the loss of the Starship upper stage.

A $19 Secret to Potentially Life-Changing Gains - Ad

It predicted Trump's sweeping victory. And now, this pattern says a handful of niche-sectors are poised to surge as President Trump fuels America's economic boom. For only $19, you can see how millionaire-trader Jeff Clark has used this "Magic Pattern" for over 40 years to generate over 1,000 winning trade recommendations.

China's foreign minister blasts the US over tariffs at his annual meeting with journalists

TAIPEI, Taiwan (AP) — Along with against the United States, China’s Foreign Minister Wang Yi reasserted China’s South China Sea claims, blasted Japan for its past aggression and covered a wide range of other issues during his annual meeting with the press. Here are some of the key topics covered during his Friday press conference.

Nvidia Is About to Shock the World: March 17th - Ad

Jeff Brown, the tech legend who picked shares of Nvidia in 2016 before they jumped by more than 22,000%, is warning everyone to... Mark this date on your calendar: March 17th! That's when Nvidia could help send shares of this Elon Musk supplier skyrocketing higher.

Why Is Nauticus Robotics Stock Soaring Today?

Nauticus Robotics has finalized an agreement to acquire SeaTrepid International, a provider of subsea robotics services. This strategic acquisition aims to enhance Nauticus' AI-driven autonomy software with SeaTrepid's ROV fleet, boosting efficiency and performance.

Apple's AI Crisis: Falling Behind In The AI Race?

Apple is grappling with an artificial intelligence (AI) crisis, as its rivals, including Amazon, surge ahead in the AI technology race.

Don't Panic - Here's What to Do Next - Ad

The next three months could be very challenging and critically important for anyone with money in the markets. Fifty-year Wall Street veteran Marc Chaikin recently published his full big-picture plan, which lays out - based on more than 100 years of data - exactly what you can expect in the markets this year (and in 2026, too).

Republican lawmakers look for ways to weaken state judges

TOPEKA, Kansas (AP) — Measures in several state legislatures this year have called for new approaches to weaken the power of judges.

AI Chip Leaders Nvidia, AMD, Broadcom Slide Amid Marvell Earnings and US Policy Concerns

AI chip stocks trading lower in sympathy with Marvell's weak guidance. Concerns over US chip subsidies and tariffs impacting semiconductor ecosystem.

Trump Could Make Surprising Tech Announcement Any Day - Ad

Elon Musk is heavily invested in a cutting-edge new technology. In fact, Musk has turned the new president on to this breakthrough. And President Trump could make an announcement any day that could spike the price of stocks in this sector.

Stock market today: Asian shares rebound after Trump pullback on some tariffs cheers investors

BANGKOK (AP) — Asian shares were mostly higher Thursday, tracking a rebound on Wall Street after pulled back on some of his tariffs hikes.

Amazon is now testing AI-aided dubbing for some movies and series on Prime

Amazon is testing artificial intelligence-aided dubbing for select movies and shows offered on its Prime streaming service.

Big Tech Is Barreling Toward a $17 Trillion Reckoning - Ad

While everyday investors keep piling into names like Nvidia, Apple, and Amazon... the owners of those very companies are dumping their OWN shares at a record pace. Now, "America's top trader" is warning that big tech could be barreling right toward another dot-com style implosion. 

Cardano, XRP, Solana Drop As White House Clarifies Trump's Crypto Reserve Plan

Cardano (CRYPTO: ADA), XRP (CRYPTO: XRP) and Solana (CRYPTO: SOL) declined on Friday after a top White House aide suggested President

Asia Markets Mixed, Europe Advances, Gold Gains 1.2% - Global Markets Today While US Slept

US markets closed higher on Friday, despite volatility and uncertainty over Ukraine. Asian markets also gained, while European shares neared record highs.

Most Americans Are Unprepared for This - Ad

The latest economics numbers just came in, and they're disturbing to say the least! But there's something bigger happening...That's exactly why Dr. Martin D. Weiss, Founder of Weiss Ratings, has outlined 4 critical steps you need to take now before it's too late. The window of opportunity here is very short.

A staff office for the US nuclear waste repository will no longer face DOGE cuts

ALBUQUERQUE, N.M. (AP) — Federal officials have backtracked on plans to cancel a lease for office space in New Mexico where dozens of U.S. Department of Energy employees who oversee the nation’s only underground nuclear waste repository are based.

Trending Now

Information, charts or examples are for illustration and educational purposes only and not for individualized investment management This message contains commercial elements, such as advertising. We only send these offers to those who have opted in to our newsletter. Past performance is not indicative of future results. For these reasons we strongly suggest trading in a DEMO/Simulated account. The information provided by us is for educational and informational purposes only. We make no representations or warranties concerning the products, practices or procedures of any company or entity mentioned or recommended and have not determined if the statements and opinions of the advertiser are accurate, correct or truthful. If you use, act upon or make decisions in reliance on information contained or any external source linked within it, you do so at your own peril and agree to hold us, our officers, directors, shareholders, affiliates and agents without fault.

Copyright systemtrading.ca
Privacy Policy | Terms of Service