Saudi Arabia says oil tankers hit off UAE coast, Iran calls for probe

We know North Dakota has changed when news of an oil tanker conflict in the Mid-East can be characterized as a local topic. But that’s the world we live in. Reuters has the full story on the incident. It matters in North Dakota because political stability half a world away leads to price stability in

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Philip Morris suspends social media campaign after Reuters exposes young ‘influencers’

Have you noticed more young people vaping? Statistics and anecdotal experience suggest it’s on the rise. And while not smoking, it’s certainly a step towards nicotine addiction. If that’s concerning, read this story on Phillip Morris’s recently exposed practice of using influence peddlers on social media to glamorize their products.

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Iran will continue oil exports despite U.S. pressure

In what can now be described as a spat between world leaders, Iranian President Hassan Rouhani said Iran will keep pumping oil despite a recent U.S. announcement that it will quit offering sanction-related waivers for purchase of Iranian oil exports. Meanwhile, production from the Bakken continues at near-record pace. Oil prices this morning are (WTI)

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U.S. launches four-state study to find ways to reduce opioid overdose deaths

The opioid addiction epidemic that’s sweeping the country has finally gotten the notable attention of federal government. The response: a $350 million appropriation going to research sites in four states — Kentucky, Massachusetts, New York, and Ohio — with the hopes of developing solutions at the local level.

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Disruption in real time, UPS preorders 125 Tesla semi-trucks

Disruption is the process by which standard practices are upset; that disruption then forces both people and companies to adapt. When in a period of significant disruption. Both politically, economically, and innovatively. Here’s one example of the latter. The lesson: we need to be resilient and ready for change.

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Fire crews battle to halt spread of Montana blaze, largest in the U.S.

The largest wildfire in the country is burning not far west of Minot. The Lodgepole Complex fire is burning in East-Central Montana and has thus far swallowed up more than 270,000 acres. Cooler, more humid weather that past few days has allowed fire fighters to gain ground with containment approaching 40% as of yesterday. The

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First tech, now financing: U.S. shale firms get creative to pump more oil

Necessity is the mother of invention, and we’ve experienced that first hand here in the North Dakota oil patch. The necessity was to survive an OPEC supply assault intended to force shale operators out of the market with lower prices. The invention was better, more efficient ways to drill. And as the term of the

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Oil climbs on weaker dollar, but rise in U.S. drilling drags

The number of active drilling rigs in the U.S. has been growing in recent months and so has the oil output. Both have combined to put downward pressure on the price of oil which has recently risen above the lows produced by a 7-month downward trend.

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