With recent discussions about NAFTA making headlines, it’s always worth noting when and where possible how businesses react to political posturing. The first law of politics and policy should be, “beware the unintended consequences”. And in the case of the tough talk over[...]
Section: Business & Economy
News |
Continental Resources oil sale to China complex
One of North Dakota’s largest oil producers, Continental Resources, announced it has a deal in place to sell ~33,500 barrels per day of ND produced sweet crude to China. The deal creates logistics challenges in form of ensuring Continental oil isn’t comingled[...]
News |
Dakota Access increased ND tax revenue by $6M a month, state oil production up in August
In the early months of operation, the Dakota Access pipeline is proving to be a boon for North Dakota’s treasury. Because of lower costs getting oil to market, the price of North Dakota crude has gone up by about $2 per barrel[...]
News |
Dakota Access helps drillers but isn’t a Bakken game-changer
The Dakota Access Pipeline has been online since June, and early indicators suggest that it’s reduced the cost of delivering North Dakota oil to market and added revenue to the state’s tax collections. But is it a game changer for the Bakken[...]
News |
Enbridge pushes back on need for Line 3 oil pipeline replacement in Minnesota
Few infrastructure developments are more contentious these days than oil pipeline projects. We’ve had our own battles here in North Dakota, but in Minnesota getting pipelines approved is more difficult yet. But with regards to the Line 3 Pipeline from NE North[...]
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News |
After Hurricane Power Outages, Looking To Alaska’s Microgrids For A Better Way
If there’s anything we’ve learned from this year’s hurricane’s, it’s a lesson on the vulnerability of our power grid. How do we make ourselves more resilient? Perhaps a look north will provide the answer as Alaska’s isolated communities develop blueprints for sustainable,[...]
News |
An arcane American law protected by powerful interests is causing insane traffic jams
What does a hundred-year-old law that forces goods transported between American ports to use American-made ships have to do with traffic and L.A. and possibly our economy in North Dakota? Erik Olson asks the question (about the Traffic in L.A. part) and provides[...]
News |
EPA chief to discuss water regulations during visit to state
Scott Pruitt, the EPA’s top administrator, will be visiting North Dakota next week, and the Waters of the U.S. rule making is expected to be a hot topic of conversation. Between agricultural and energy industries and our cultural disposition toward property rights,[...]
News |
Survey suggests more growth ahead for Midwest economy
A Creighton University economic indicator survey suggests the Midwest economy may be turning a corner. The Bismarck Tribune has the story. [...]Read More... from Survey suggests more growth ahead for Midwest economy
News |
Half of Well Productivity Gains May be Due to Core Acreage Drilling, Not Better Frac Designs
There’s little doubt those operating in the Bakken have gotten more efficient in the past few years. The low prices have forced operators to get costs under control and the end result is an oil play that’s more economically resilient. But what[...]
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Commentary |
Claims that renewable energy threatens the stability of the US power grid is ludicrous
A common argument heard in North Dakota is the need to maintain coal-fired power plants because of their ability to provide the basic baseline power needs of the electrical grid. That we would attach ourselves to arguments that defend an industry important[...]
Commentary |
Our economic future depends on storytellers
Heard a good story lately? It’s kind of a trick question, because if you did, you may not even know it. Storytelling is a time-honored art form, but we’re just now discovering the relevance it has to what we think, who we[...]
News |
A Toxic Legacy: North Dakota Looks To Clean Up Old Oilfield Waste
One of the considerable by-products of oil production in North Dakota is the extremely salty wastewater we get back along with the oil. It’s not a new problem. And though modern practices inject wastewater deep underground, there are still a number of[...]
News |
Tech workers brace for Seattle’s plan to ‘tax the rich’
The City of Seattle is on a pathway toward attempting to solve their low-income housing and public transit challenges by implementing an income tax on individuals earning more than $250,000 per year and couples earning more than $500,000. It’s not the first[...]
News |
Worker shortage slows Bakken oil drilling but production remains above 1M barrels per day
The number of rigs active in North Dakota is holding steady the past few months and production is still above a million barrels per day, but there’s a worker shortage in the fracking industry that’s delaying completion of many already-drilled wells. There’s[...]
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News |
Saskatchewan Rig activity up slightly
We’re used to seeing the U.S. rig count and the increases or decreases in North Dakota, but it’s easy to forget that the northern prairie oil play extends into Canada as well. That gives us a second indicator of optimism in the[...]