Jump to content
SiouxSports.com Forum

Oil Booms in North Dakota

star2city

By star2city
in Community

 Share

Recommended Posts

Nodak78 Grand Master

Nodak78

Posted
Posted

Really!!!

 

The article you refer to is use subsidies and tax deduction interchangeably to confuse reader much like Pres Obama.  When Obama gives a company a grant(tax payer monies) to help finance a solar company that go bust, that a subsidy.  When an oil company spend millions in equipment and exploration with investors money or earning and claims a portion of that as a tax deduction.

Hence tax deduction vs subsidy.

 Obama makes that mistake all the time.  On purpose.

  • Replies 1.2k
  • Created
  • Last Reply

Top Posters In This Topic

Popular Days

Top Posters In This Topic

Popular Days

Popular Posts

southpaw
southpaw

Gotta agree with bison73.  He posted nothing about a potential collapse of Williston, just that he read 120 families left town and the construction of a steak house is on hold.  No opinion, just facts

UNDBIZ
UNDBIZ

Cut the politics. With this thread, some political proposals will have an effect on the future of the western nd oil patch. Go ahead and discuss those proposals in an educated manner, without taking p

UNDBIZ
UNDBIZ

This discussion was quite civil and interesting to read (for someone not involved in the energy business).  Please keep it that way.  The parting personal shot at the end was completely unnecessary.

Posted Images

MoSiouxFan Proficient

MoSiouxFan

Posted
Posted

Really!!!

 

The article you refer to is use subsidies and tax deduction interchangeably to confuse reader much like Pres Obama.  When Obama gives a company a grant(tax payer monies) to help finance a solar company that go bust, that a subsidy.  When an oil company spend millions in equipment and exploration with investors money or earning and claims a portion of that as a tax deduction.

Hence tax deduction vs subsidy.

 Obama makes that mistake all the time.  On purpose.

 

Quit confusing the issue with facts. (totally agree).

bison73 Enthusiast

bison73

Posted
Posted

Really!!!

 

The article you refer to is use subsidies and tax deduction interchangeably to confuse reader much like Pres Obama.  When Obama gives a company a grant(tax payer monies) to help finance a solar company that go bust, that a subsidy.  When an oil company spend millions in equipment and exploration with investors money or earning and claims a portion of that as a tax deduction.

Hence tax deduction vs subsidy.

 Obama makes that mistake all the time.  On purpose.

Well done!!!!!

SiouxVolley Newbie

SiouxVolley

Posted
Posted

An interesting article on ethane crackers from a Pittsburgh paper,  Four separate cracker plants may be built in the Pittburgh area to handle much of the ethane from the Marcellus and Utica formations.  The article implies that tens of thousands of manufacturing jobs could result from one cracker plant, if related infrastructure in other industries is built.  But North Dakota has a history of exporting raw materials like polyethylene pellets, so that's a huge task in a lightly populated area.

 

http://triblive.com/business/headlines/6957378-74/gas-crackers-industry#axzz3Gf1cIDaG

Nodak78 Grand Master

Nodak78

Posted
Posted

Great article.  The jobs create from higher value products instead of piping it to other states and countries will be in the thousands.  This is much great than added valve from Ag commodities.  We need to develop more of this in ND.  I see in the article they were give a tax Credit for developing in their state.  Of course with a credit. 

 

It would be huge for development and population growth if ND would get rid of the state income tax. 

Siouxphan27 Enthusiast

Siouxphan27

Posted
Posted

An interesting article on ethane crackers from a Pittsburgh paper, Four separate cracker plants may be built in the Pittburgh area to handle much of the ethane from the Marcellus and Utica formations. The article implies that tens of thousands of manufacturing jobs could result from one cracker plant, if related infrastructure in other industries is built. But North Dakota has a history of exporting raw materials like polyethylene pellets, so that's a huge task in a lightly populated area.

http://triblive.com/business/headlines/6957378-74/gas-crackers-industry#axzz3Gf1cIDaG

It would be great if ND would build cracker plants. Thousands of jobs, plus the nickname issue would be solved.

ScottM Newbie

ScottM

Posted
Posted

Really!!!

 

The article you refer to is use subsidies and tax deduction interchangeably to confuse reader much like Pres Obama.  When Obama gives a company a grant(tax payer monies) to help finance a solar company that go bust, that a subsidy.  When an oil company spend millions in equipment and exploration with investors money or earning and claims a portion of that as a tax deduction.

Hence tax deduction vs subsidy.

 Obama makes that mistake all the time.  On purpose.

 

Apparently, you know nothing about corporate taxation, and we'll leave it at that.

  • Upvote 1
  • 2 weeks later...
SiouxVolley Newbie

SiouxVolley

Posted
Posted

Looks like another diesel plant is going up, this time in Stanley.

 

http://money.cnn.com/news/newsfeeds/articles/marketwire/1155691.htm

 

One has been built in Dickinson, while others are planned in East Fairview, Trenton, and Devils Lake.  Plus a new refinery is planned for Makoti and billions to construct new gas plants near Watford City.

 

There's several oil companies that will cut back on drilling in 2015 until oil prices recover, so 2015 might be an ideal year for construction, as there may not be the demand for housing in the west that there was this year.

  • 2 weeks later...
choyt3 Newbie

choyt3

Posted
Posted

Apparently, nearly a billion dollars just isn't enough for her.

 

That would be a tough lifestyle to maintain, considering that if she were to put that in a savings account earning .5%, and would ONLY live on the interest, she would have to live on a measly $416,666.67 per month.

Nodak78 Grand Master

Nodak78

Posted
Posted

NY Times folly from extreme liberals

 

ND benefits https://www.youtube.com/watch?v=V0doFHt0ev0

 

Well just a few benefits many more to cover right now.

 

Trouble with the you tube.  Just punch Williston the good life and you should find it.

Nodak78 Grand Master

Nodak78

Posted
Posted

For some reason I can not correct here and keep it as I type.  Must be a communist plot.  So follow below.

 

Click on the video above and when you get link on found go to Brower and change the lower case o to upper case O. and it will work.

 

 

Tells me video not found

The Sicatoka Grand Master

The Sicatoka

Posted
Posted

An interesting view if all the pipes underground were above the ground:

 

http://www.nytimes.com/interactive/2014/11/24/upshot/nd-oil-well-illustration.html?emc=eta1&_r=0&abt=0002&abg=0

 

Those are just the wells. They don't show the pipelines. And yes, wells go down about five miles and then turn horizontal and go about two miles; hence, the name "horizontal drilling". Fracking happens in the horizontal stretch. 

 

Cool looking map but I guess I'm not sure what the NYT's point is. 

Nodak78 Grand Master

Nodak78

Posted
Posted

actually the wells in the Bakken and three forks go down 2 miles and then horizontal 2 miles for the most part.  most of the early wells horizontal are one mile.  Now a few are 3 mile horizontal legs. 

 

I look at that map and smile.  Most be a lot of oil down there.  drill baby drill.

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

×
 Share
Go to topic listing
×
×
  • Create New...