How do you know when something is news and a no brainer? When Heidi Heitkamp and Rob Port are on the same side of an issue. [...]Read More... from Heidi Heitkamp: Allowing U.S. Crude Oil Exports Won’t Raise Gas Prices
Tag: Oil & Gas
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North Dakota Refuses to Flinch as OPEC Keeps Output High
Last week OPEC decided to stick with the status quo and let producers keep producing. Meanwhile, local producers say the downturn in prices is forcing producers to get efficient and will ultimately lead to stronger, healthier oil production industry. [...]Read More...[...]
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OPEC Lets the Market Determine the Price of Oil
The Organization of the Petroleum Exporting Countries’ meeting on Friday was a mix of tradition and modern chaos, as the cartel decided to stick to production levels. Here’s video from the Wall Street Journal. [...]Read More... from OPEC Lets the Market Determine[...]
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Senators Hoeven & Heitkamp Co-Sponsor Bill to Lift Ban on U.S. Crude Oil Exports | INFORUM
It’s against the law to export oil produced in the U.S. to other countries, and the ban has been in place since 1975. Senators Hoeven and Heightkamp have co-sponsored a bill that would lift the ban and allow American producers to compete[...]
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Oil Price Prognosticators Say $75 For a While
While it seems like the oil slowdown may actually be a good thing in some ways — everyone gets a chance to catch their breath, there’s no doubt everyone would prefer prices just a little higher than they are. And that’s what[...]
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News |
Oil Tax Trigger is Legislated Away, Goes to Governor
The House approved Senate version of an amended oil tax bill that will do away with oil price tax triggers. The volatility of oil prices combined with the low-price trigger created a lot of uncertainty in forecasting revenues for North Dakota. Full[...]
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Hoeven: EIA Finds Crude Oil Exports Will Lower Fuel Prices
The U.S. has a law that does not allow oil producers to export their product abroad, but it’s a holdover from a period when we were less energy independent. Now, the Energy Information Administration has found that allowing exports would boost prices[...]
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Despite Oil Woes, Bakken still a draw for Twin Cities Developers
Minnesota builders have played a big role building in the Bakken, and though the slowdown has a few looking closer to home for work, there are still developers who are betting big on the Bakken’s future. [...]Read More... from Despite Oil Woes,[...]
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$50 crude? No Problem for These 3 Economically-Friendly “Sweet Spots”
Analysis by global energy company Wood McKenzie shows a portion of the North Dakota oil field is still a prime target for investment and drilling — even at the lower prices we’re seeing now. [...]Read More... from $50 crude? No Problem for[...]
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Halliburton to close Minot facility
Starting April 1, Haliburton will close its Minot locations. The majority of employees will be transferred to locations in Williston and Dickinson. [...]Read More... from Halliburton to close Minot facility
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Canadian Refiners Set to Buy More U.S. Oil With Wider Discount
Canada is the only country U.S. oil producers can export to without restrictions, and the oil markets are creating incentives for Canadian refiners to import more U.S. oil. [...]Read More... from Canadian Refiners Set to Buy More U.S. Oil With Wider Discount
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Lab chemists play large role in Dakota Prairie Refining
The science behind the refining process is the key to success at one of North Dakota’s newest refineries, and it’s the job of scientists to help the facility meet the high industry standards. Get the details in this informative piece from the[...]
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Oil Slump Threatens Easy Life of Affluent Norwegians
High oil prices and abundant supply led to a decade of job and income security for many Norwegians, but the dip in the market is changing things a bit. [...]Read More... from Oil Slump Threatens Easy Life of Affluent Norwegians
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Planning Through Oil Booms Helps Independent Drillers Weather The Busts
Know anyone with a small oil-field service company? This article from NPR delivers a dose of financial common sense from a small business owner and oil industry survivor in Texas. [...]Read More... from Planning Through Oil Booms Helps Independent Drillers Weather The[...]
Commentary |
Kevin Cramer: Time To Finish What Reagan Started And Lift The Oil Export Ban
Eight days after being inaugurated as the 40th president of the United States, Ronald Reagan signed an executive order eliminating price controls on crude oil and petroleum products implemented to increase domestic production and reduce energy demand. [...]Read More... from Kevin Cramer:[...]
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No Bust Seen as Dakota Oil Firms Keep Staff Amid Price Drop
The popular story right now is the low oil prices and the bust cycle of the oil industry, but if you’re listening closely, there are a few telling different tale. Are we witnessing a market adjustment? Yes. Is the sky falling? Not[...]