Oil and gas pipeline companies fight Trump’s ‘Buy American’ plan

A directive requiring U.S. pipeline companies to use American steel and iron in their projects “is testing President Donald Trump’s ability to keep his promises to two industries on opposing sides of the issue,” Bloomberg reports. In recent comments to the U.S. Department of Commerce, which is crafting the president’s "Buy American" plan, oil and natural gas pipeline companies and trade groups contended the requirement would increase costs and disrupt operations. But steel companies have “embraced the policy as an opportunity to take advantage of the country’s surging oil and gas production,” according to Bloomberg. For more, read the full story.