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EDITORIAL: The shale question: Boom or bust?

Three oil wells in the desert at dusk

Will falling world energy prices derail the U.S. oil and natural gas boom, as so many are worried? No, says one scholar. Writing in The Wall Street Journal, Hudson Institute fellow Mark P. Mills says one reason is that “shale production remains profitable at today’s lower prices.” And that’s largely because “more than $500 billion of private investment into hydrocarbon ...

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EDITORIAL: A small step on rail safety

train

Our opinion: Global Partners has rid itself of the weakest crude oil rail tanker cars. But crude transportation overall isn’t yet anywhere close to being safe. As promised, Global Partners has weeded out any of the weaker freight rail cars that have been involved in the most significant crude oil accidents since the Lac-Megantic, Quebec, disaster in July 2013, which ...

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Partnership shouldn’t trump honest debate about oil tax

oil barrel

Democrat Senate Minority Leader Mac Schneider isn’t on the ballot this year because he represents an even-numbered district. Thus, he’s free to play bomb-thrower for his party this cycle, and the bombs he’s been throwing have to do with efforts to reform the state’s taxes on oil production last session. To hear Schneider tell it, you’d think that even discussing ...

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COMMENTARY Spaceport Business Park is foundation for aerospace

spaceport

Editor’s note: This commentary follows Orbital Outfitters groundbreaking and the news of the creation of the Spaceport Business Park made last week. Spaceport Business Park is coming to Midland. While the announcement of the business park took a back seat to last week’s Orbital Outfitter groundbreaking, its impact could be the most significant step toward diversification we have seen in ...

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Does ND have too much wind power?

In the headlines right now the State of North Dakota (along with a few others) has become synonymous with lower energy prices. Thanks to skyrocketing domestic oil production, oil and gasoline prices are falling. Perhaps too much, as while lower energy prices are good for the rest of the country, oil prices could fall too low to make drilling in ...

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Measure 5 verbal firefight persists with vote less than 3 weeks away

On Tuesday, a heated forum took place at NDSU’s Memorial Union over the Clean Water, Wildlife and Parks Amendment (CWWP) between two panels of three speakers. The two-hour forum covered all the boiling topics surrounding the amendment from outside funding to the economic planning of the potential amendment. The amendment, which will be Measure 5 on next month’s ballot, has ...

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EDITORIAL: A “no” on measure 5

no

Everybody likes parks, clean water and wildlife. But let’s stop and think. What’s really the best way to fund conservation efforts in North Dakota? Measure 5 would affect not only the oil and gas industry in North Dakota, but citizens statewide. It would collect five percent from the oil extraction tax, amounting to $150 million per year, and set it ...

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Vietnamese tanker officially missing, likely hijacked

A Vietnamese oil tanker en route to Vietnam from Singapore went missing last week. Now officials are saying that the Sunrise 689 was likely hijacked by pirates, according to Petro Global News. The vessel lost contact with its operator, Hai Phong Sea Products Shipbuilding, within hours of leaving port. The last known location was 115 nautical miles, or about 133 ...

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Private buyer to acquire $90 million in Gulf Coast assets

A private buyer has purchased a portion of Midstates Petroleum’s southern Louisiana assets for $90 million, according to Petro Global News. The exchange provides the buyer with a net 12,676 acres, both developed and undeveloped, in Beauregard and Calcasieu Parishes. The El Grande pipeline, which traverses 20 miles in the area, was also included in the deal. Related: EnLink to acquire ...

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