Tag Archives: oil

oil_rig

Michael Filloon: Failing To Reform The Oil Tax May Have Cost North Dakota A Billion Dollars

Michael Filloon: Failing To Reform The Oil Tax May Have Cost North Dakota A Billion Dollars

The recent failure to adopt a flat oil production tax in North Dakota may have cost the state a minimum of a billion dollars. Initially shot down and sold as a tax cut to oil producers, the same oil price based system exists using triggers to decrease taxes. Oil producers benefit from a lower tax

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Six Jobs Created In North Dakota/Texas For Every One In The Rest Of The Country

Recently Continental Resources CEO Harold Hamm called America’s shale plays “Cowboyistan.” “We’ve got more rigs running than in the rest of the world combined,” he told Forbes. “We’ve got highly trained and reliable rednecks to run them. And unlike anywhere else on the planet, we’ve got property rights, which enable landowners to lease out their

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Ahead Of Revenue Forecast Dems Doing Oil Tax Trigger Damage Control

There is absolutely no question at this point that the decision by lawmakers in 2013 to rid the state’s oil tax code of oil price “triggers” and other exemptions was a mistake. With oil prices continuing to plunge it seems likely that a trigger eliminating the state’s oil extraction tax, and causing a wild multi-billion dollar

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For The First Time In Years North Dakota Has A Gloomy Economic Outlook

The federal Energy Information Administration is tracking the impact of falling oil prices on state revenues, and for North Dakota they see a more than 20 percent decline since August. “North Dakota’s tax revenue from oil and natural gas production decreased from $323 million in August 2014 to $254 million in January 2015, a 21%

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We Should Start Using The Term “Obama Trains”

Another oil train derailed this week – this time near Galena, Illinois –  producing another explosion and smoke cloud that’s being plastered all over the media. It was the third such derailment in three weeks. Left-wing activists have taken to using the term “bomb trains” and are now blaming public officials for not seeking retribution

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ND House Votes Down Bill Requiring That Trains Have At Least Two Crew Members

Rail safety is in the headlines and on the minds of the state’s policymakers, but would state legislation mandating at least two crew members on all trains be good policy? That’s what was debated on the House floor today. HB1357 would have required that all freight trains have at least two crew members, something punishable

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