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.
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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: Forbes
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.
Read & Share sourced from: Dickinson Press
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: InForum
You’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: ReutersSubscribe to Today in Minot!
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It looks like there will be some softening of oil export restrictions. The result may allow U.S. produced oil to enter the global markets. It’s a small bit of good news for producers during the downward price plunge.
Read & Share sourced from: Bloomberg
The quote from Saudi Oil Minister Ali al-Naimi, “The best thing for everybody is to let the most efficient producers produce.” As the world’s largest oil exporter, Saudi Arabia’s actions are a significant contributor to global oil prices.
Read & Share sourced from: Reuters
Legislators are watching carefully and wondering if falling oil prices will trigger a reduction in the amount of the oil extraction tax… an event that would have a significant effect on two-year budget.
Read & Share sourced from: KX News
The video below offers some pundit commentary on oil prices and the where the Bakken sits in the global picture. Do we have any local producers reading? What do you think? * Advertising delivered by outside content producer.
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Oil prices have been a big part of the national conversation lately, and here at home the consequences of price changes are ever present. Get a quick look at some of the basic factors that contribute to oil prices in this short article from The Washington Post.
Read & Share sourced from: The Washington Post