Trump Signs Law to Launch Dollar 2.0

Trump just signed law S.1582, unleashing the biggest money shift in 100+ years. For the first time since 1913, private firms - not the Fed - can mint a "Dollar 2.0." Treasury says it could drain $6.6T from banks and pay 10X current savings rates. Early investors in minting firms could see 40X returns by 2032.

Keystone oil pipeline shut down after a rupture in rural North Dakota

JACK DURA and SARAH RAZA
April 08, 2025

BISMARCK, N.D. (AP) -- The Keystone oil pipeline was shut down Tuesday morning after it ruptured in North Dakota, with the spill confined to an agricultural field.

The cause of the rupture and the volume of crude oil spilled were not immediately clear. An employee working at the site near Fort Ransom heard a "mechanical bang" and shut down the pipeline within about two minutes, said Bill Suess, spill investigation program manager with the North Dakota Department of Environmental Quality.

Oil was reported surfacing 300 yards (274 meters) south of the pump station in a field and emergency personnel responded, Suess said.

No people or structures were affected by the spill, he said. A nearby stream that only flows during part of the year was not impacted but was blocked off and isolated as a precaution, he said.

It's unclear at what rate the 30-inch (0.8-meter) pipeline was flowing, but even at two minutes "it's going to have a fairly good volume," Suess said. "But ... we've had much, much bigger spills," including one involving the same pipeline a few years ago in Walsh County, North Dakota, he said.

"I don't think it's going to be that huge," Suess said.

The $5.2 billion pipeline constructed in 2011 Keystone Pipeline carries crude oil across Saskatchewan and Manitoba through North Dakota, South Dakota, Nebraska, Kansas and Missouri to refineries in Illinois and Oklahoma. Though the pipeline was constructed by TC Energy, it is now managed by a liquid pipelines business South Bow as of 2024.

The Associated Press has reached out to South Bow for comment.

A proposed extension to the pipeline called Keystone XL would have transported crude oil to refineries on the Gulf Coast, but it was ultimately abandoned by the company in 2021 after years of protests from environmental activists and Indigenous communities over environmental concerns.

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