Tag Archives: oil

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David Flynn: North Dakota Continues Stellar Labor Market Growth

David Flynn: North Dakota Continues Stellar Labor Market Growth

The Bureau of Labor Statistics (BLS) released data on employment and unemployment from the Current Employment Statistics survey. North Dakota was number one in the country with a 4.4% increase in total nonfarm employment from year ago levels. That is 12 consecutive months where the year-over-year percent change was at or above 3%, and something

A crude oil train moves past the loading rack at the Eighty-Eight Oil LLC's transloading facility in Ft. Laramie

The Question Of Bakken Crude’s Volatility Must Be Settled

There is a sharp disagreement between the oil industry and the federal government over the volatility of Bakken crude oil. This matters because, while more than 99 percent of hazardous rail shipments arrive at their destinations without incident, there have been high-profile derailments in places like Quebec and Casselton, North Dakota, that have resulted in

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9/11 Truther Starts Online Petition, Gets Headline In Bismarck Tribune For Some Reason

Sometimes it becomes painfully obvious how hard the North Dakota media works to produce negative stories about oil development in North Dakota, especially in election years. I don’t know if it’s bias, or just a desire to attract page views, but we get a steady diet of stories about spills and crime and housing shortages

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Industry-Backed Study Concludes That Bakken Oil Isn’t More Dangerous To Ship

The North Dakota Petroleum Council has released their final study into the volatility of Bakken crude oil. With environmental activists in North Dakota and elsewhere referring to trains hauling Bakken crude as “bomb trains,” this is a pretty important issue. “This study provides the most thorough and comprehensive analysis of crude oil quality from a

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Fracking May Protect America From Side Effects Of Middle Eastern Turmoil

“As of today it is at least theoretically possible to scenarize a world oil shock at least equal to the so-called ‘Arab oil embargo’ of 1973-74 in terms of oil export supply cuts from several key regions and producer states – Russia, Iraq, Libya, Syria, Yemen and possibly the GCC Arab Gulf exporters,” reports oil

oilandgas

In North Dakota Oil And Gas Related Employment Makes Up 28 Percent Of Wages

As Bismarck Tribune reporter Nick Smith writes, lawmakers were given a comprehensive report yesterday detailing the oil and gas industry’s impacts on jobs in North Dakota. Not surprisingly, the impact is profound. The full report is below, but what caught my eye the most was the map above. It details, by county, the percentage of employment

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Tessa Sandstrom: Myths Vs. Facts About Bakken Crude And Oil By Rail

The transportation of crude oil by rail has been a top issue the last few months. In discussing this topic, one of the speculations was that Bakken crude may (please note: may) have been more volatile than other light sweet crudes, and therefore more dangerous to haul than many other hazardous materials that traverse the nation’s

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In North Dakota, Flaring Is Higher Under Obama’s Jurisdiction Than The State’s

Flaring is a hot-button issue in North Dakota. The oil boom here produces a lot of natural gas as a by-product, and because the boom, well, boomed so quickly the infrastructure to capture the gas hasn’t kept up. So a lot of it – far too much – is burned off. It’s become a political

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