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 for local producers and reduce prices at the pump for consumers. Read Senator
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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 & Share sourced from: Star Tribune
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 & Share sourced from: Bakken.com
Starting April 1, Haliburton will close its Minot locations. The majority of employees will be transferred to locations in Williston and Dickinson.
Read & Share sourced from: Dickinson Press
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 & Share sourced from: BloombergSubscribe to Today in Minot!
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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 & Share sourced from: Associated Press
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 & Share sourced from: NPR
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.
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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 according to this report.
Read & Share sourced from: Bloomberg
BNN is a Canadian Business News television network. In this short video piece, you get some intelligent commentary on the state of oil prices and what can be expected over the next few months.
Read & Share sourced from: BNN
If you’re up for some economic analysis this morning, John Tamny at Forbes offers up some commentary on what the real culprit is when it comes to oil price swings and the resulting market expansion and contractions.
Read & Share sourced from: ForbesSubscribe to Today in Minot!
It's the free, easy way to stay informed about what's happening in Minot, and it helps support independent local news and journalism.
As oil prices have dropped, so has the rig count, but where do all the inactive rigs go? It turns out that the law sets a few restrictions on where and for how long. Full story from the Dickinson Press.
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Legislators will be working off a newly revised revenue forecast as they plan the budget for the next biennium. Lower oil prices and a lower tax rate for oil producers (as a result of the lower prices) will result in $4 billion less in revenue.
Read & Share sourced from: InForumYou’ve heard the pundits comment on the state of the oil boom, but here’s your chance to listen to the guy who’s been more successful than anyone by investing his own money in the Bakken. Spoiler, he’s not betting on a bleak future.
Read & Share sourced from: FuelFix.com
There’s no shortage of oil-price and effect prognosticators these days, but there are few with legitimate inside knowledge. This report from The Bakken Magazine outlines some market realities and offers some good commentary, and it’s based on solid information.
Read & Share sourced from: Bakken Magazine
The latest national media attention comes from this article from Reuters which focuses on the nuances of drilling near Crosby — outside the sweet spot, and the effects of the dropping oil prices.
Read & Share sourced from: ReutersNotifications