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Oil Booms in North Dakota


star2city

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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.

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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).

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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!!!!!

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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

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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. 

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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.

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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.

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  • 2 weeks later...

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.

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We're in a battle with Saudi Arabia in regard to market share. ...

 

To some degree, U.S. energy companies are victims of their own success. They are pumping more oil and gas with fewer rigs and drilling and finishing wells faster than just a few years ago.

 

http://online.wsj.com/articles/drillers-cut-expansion-plans-as-oil-prices-drop-1415317426

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  • 2 weeks later...

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.

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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.

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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

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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. 

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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.

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