The European energy apple cart was upset over the past year; Russia’s invasion of Ukraine changed everything. As a result, energy security has become a big priority. Sweden looking at nuclear sources to meet their demand. Get the full story from Reuters.
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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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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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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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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 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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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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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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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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A common antibiotic, doxycycline, has proven effective at disrupting the formation of negative thoughts and fear responses. The findings pave the way for what may a be a dramatically different treatment method for Post Traumatic Stress Disorder (PTSD), a condition we’re only starting to fully recognize and understand.
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The Dakota Access pipeline is in the process of coming online; it’s expected to save the local producers $540 million annually in shipping costs. The lower costs will make the oil field more competitive, and signs of growth are already on the horizon. The pipeline will have the capacity for 500,000 barrels per day; the $540 million translates
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Senator Heitkamp was in Minot recently talking about the opioid epidemic that’s taking hold in North Dakota. Her attention to the matter adds credence to news stories like this story from Reuters that calls out evidence that heroin usage is up enormously in the last decade. And the demographic where it’s most prevalent? It happens
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The Waters of the U.S. Rule appears is on official hold pending what is likely to be some type of rollback. The 2015 EPA and U.S. Army Corp of Engineers rule from 2015 sought to redefine and expand the scope of waters and waterways that are federally protected.
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In expanding its service to include transatlantic flights, Norwegian Air will be offering one-way fares for as little as $65 to multiple European destinations. At this point, flights will be departing from smaller, regional airports in the Northeast.
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With news that OPEC has an agreement with member countries and Russia to reduce output, the conversation in North Dakota will shift to how did we come through this down cycle in the industry? And a couple reporters from Reuters have the start of the answer. It may turn out that the OPEC attempt to
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The glut in world oil supply, which in turn led to the price of oil plummeting since mid-2014, may be behind us. OPEC, a cartel of loosely organized countries with a direct interest in maintaining higher oil prices has a tentative agreement that includes Russia to curb production. Speculation on oil futures responded quickly to
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