Oil Booms in North Dakota

[SiouxVolley]

https://m.youtube.com/watch?sns=fb&v=W8B14NSIWc8

This video is about the Hebrew year called the Shemitah, which is a Sabbath year every seventh year.  Nations have risen and fallen because the the Shemitah.  Sept 25, 2014 to Sept 13, 2015 is the Hebrew calender year.  At the beginning of this Shemitah, oil fell badly.  At the end on Sept 13, only God know.

Going backwards:

2008 stock market collapse was at the end of the Shemitah

2001 Twin Towers and market collapses at end of Shemitah

1994 Bond market collapses at end of Shemitah

1987  Stock market crashes at end the the Shemitah

1980 Recession hits during Shemitah

1973 Oil embargo during Shemitah

 

September 14th, 2015, marks through beginning of a Jubilee year on the Hebrew calender year, which is like a super Shemitah.

 

 

 

 

Edited August 6, 2015 by SiouxVolley

[SiouxVolley]

The spiritual laws revealed to Moses apply now, just as they applied in the Mount Sinai days, whether we want to believe it or not.  Wouldn't have taken heed of them before 2008 myself.

http://7yearcycle.blogspot.com/

 

 

 

[Fetch]

Some of the worst-hit rural NW counties - that have been losing population since the 30's - like Divide, Burke, Renville are going to experience opportunity for the first time in generations.

 

Agree that the eastern half of the state, excluding the Red River Valley, needs some answers. It's in a population death spiral.

& it is beautiful oUT there wish this had happened  in the 80s & I'd still be out there

[ScottM]

It's amazing how even with lower prices the industry becomes more efficient and pumps out even more, which drives prices down, which ...

http://www.wsj.com/articles/despite-glut-of-oil-energy-firms-struggle-to-turn-off-the-tap-1438904654

[SiouxVolley]

http://www.upi.com/Business_News/Energy-Resources/2015/08/17/North-Dakota-oil-sector-showing-resiliency/6241439813415/

ND oil production is showing resiliency in spite of low prices.  Drilling costs and efficiencies have been cut and are going even lower.

[SiouxVolley]

http://www.nytimes.com/2015/08/09/travel/north-dakota-oil-boom.html?_r=0

A New York Time travel blog on the Bakken.

[SiouxVolley]

http://bakken.com/news/id/243237/north-dakotas-18-5-billion-bakken-cash-fortress/

Hope and pray ND's $18 bill is safely and wisely invested during these times.

[ScottM]

• Pop?

[Nodak78]

• Pop?

Are you excited?

[Cratter]

DakotaDan, grab me one of those abandoned RV's from TJ’s Autobody & Salvage and haul it over to me.

[ScottM]

Are you excited?

Nope. Just linking an article stating the obvious. 

[Nodak78]

This is just a rest period.  When everything picks up again the west will be better situated to handle the increase of people and traffic.  Most of the schools have still added students over last year.  Many families are staying put at least for now.   The single people are heading back to states where they came from.

Edited September 30, 2015 by Nodak78

[SiouxVolley]

Badlands NGLS just signed a letter of intent to buy Continentals ethane.  While only Hess and OneOK produce pure stream ethane from their gas plants, the oil producing companies still own their share of gas and ethane, butane, etc until a buyer consumes it.

Hess feeds a ethane pipeline called Vantage that goes to Alberta.  If the pipeline is reversed, as Badlands is now talking, because Alberta now has plentry of ethane for their own use and more, the polyethylene plant could be built near Williston / Tioga / Minot without much more capital for gas plants and pipelines.  The Alberta / ND pipeline practically ensure that their would be enough ethane if wells get valved in because of low prices.  If the plastics plant was built near Bismarck, major investments would have to go into a pipeline and gas infrastructure plants.   It might be the perfect time to build such a plant, but nearly $6 billion must be raised. 

[Nodak78]

Williston/Tioga would be great.

[Cratter]

http://www.grandforksherald.com/news/business/3852641-us-students-enthusiasm-petroleum-degrees-busts-oil-boom

"Petroleum engineering degrees will lose attractiveness in the years to come," Ertekin said. "Last time it lasted for 20 years," he said.

In 1983, with U.S. oil fields gushing, 11,014 students enrolled in petroleum engineering programs, according to the Texas Tech data, but by 1990 the industry was in a slump and that number had dropped to 1,387.

[SiouxVolley]

So why is RUSSIA and Putin in Syria?  The stated reason of defeating ISIS doesn't seem to fly, as they have bombed US -backed rebels, not ISIS.

Yahoo had a story that it is to exert pressure on Saudi to drop their oil pumping, causing prices to go higher.  Iran has threatened to close the Strait of Hormuz for years, but with US military that is impossible.  With the Russians in the Middle East, Obama wouldn't dare attack an Iranian strait closure without causing a major reprisal by their Russian allies.  Russia has desired a base in the Middle East for years and they finally got a base there.

Russia and Iran need higher oil prices for their moribound economies.  China, Japan, and Europe will have to pay the piper, Putin, as Russia has their own pipelines, which have Russian defences.  Meanwhile, any help the America can give their allies has been contained by Obama forbidding the Keystone pipeline.

Putin is moving in to checkmate Saudi Arabia and the US and force oil prices higher, which Russia desparately needs.

[Vegas_Sioux]

So the Black Forest battles of the 60-70s that never happened might be just around the corner?

[SiouxVolley]

The Saudis and the Baltic countries of Estonia, Latvia, and Lithuania are probably awfully nervous right now.  If Saudi lower their oil production, Russia can get a lot more for their oil and gas.  Putin is feeling out if NATO has any resolve now to pretect the Baltics, which are NATO members.  With their substantial Russian population, Putin is looking for the tiniest provocation to reclaim them.  He has already said their independence was illegal.  Putin is playing high stakes poker right now, and this US administration is playing grade school checkers.

[The Sicatoka]

So why is RUSSIA and Putin in Syria?  The stated reason of defeating ISIS doesn't seem to fly, as they have bombed US -backed rebels, not ISIS.

Yahoo had a story that it is to exert pressure on Saudi to drop their oil pumping, causing prices to go higher.  Iran has threatened to close the Strait of Hormuz for years, but with US military that is impossible.  With the Russians in the Middle East, Obama wouldn't dare attack an Iranian strait closure without causing a major reprisal by their Russian allies.  Russia has desired a base in the Middle East for years and they finally got a base there.

Russia and Iran need higher oil prices for their moribound economies.  China, Japan, and Europe will have to pay the piper, Putin, as Russia has their own pipelines, which have Russian defences.  Meanwhile, any help the America can give their allies has been contained by Obama forbidding the Keystone pipeline.

Putin is moving in to checkmate Saudi Arabia and the US and force oil prices higher, which Russia desparately needs.

That would almost align to this past story: http://www.israelnationalnews.com/News/News.aspx/188905#.VhUah_lVhBd 

If that past story is true, the Russians and Iranians would want to fight back with what means they have (short of an all out shooting war).

Summary of the two concepts:

- Saudis open the spigot to drop world oil prices thus hurting Iran's economy (and ability to build a nuclear weapon). Collateral damage is Russia (need oil at $70 for Siberian shale to be of value), but Saudi is OK with that because Russia is giving Iran nuclear tech. Additional collateral damage is US, but Saudi is OK with that too because Saudi expects the US to deal with such matters and the US isn't doing it this time. 

- If the first bullet is accurate, Volley's report of Russia supporting Iran (and what Iran may do to jack oil prices) makes sense as a counter move against the Saudis (as Saudi oil needs the Straits of Hormuz open). The Russians and Iranians need oil at $70+. 

[ScottM]

That would almost align to this past story: http://www.israelnationalnews.com/News/News.aspx/188905#.VhUah_lVhBd 

If that past story is true, the Russians and Iranians would want to fight back with what means they have (short of an all out shooting war).

Summary of the two concepts:

- Saudis open the spigot to drop world oil prices thus hurting Iran's economy (and ability to build a nuclear weapon). Collateral damage is Russia (need oil at $70 for Siberian shale to be of value), but Saudi is OK with that because Russia is giving Iran nuclear tech. Additional collateral damage is US, but Saudi is OK with that too because Saudi expects the US to deal with such matters and the US isn't doing it this time. 

- If the first bullet is accurate, Volley's report of Russia supporting Iran (and what Iran may do to jack oil prices) makes sense as a counter move against the Saudis (as Saudi oil needs the Straits of Hormuz open). The Russians and Iranians need oil at $70+. 

Considering Saudi dropped its oil pricing to Asia and the US late last week, I don't see them buckling on the production front.  And they still are the 800 lb. gorilla in OPEC.

 

[SiouxVolley]

The Russians have allied themselves with Iran and their Shiite minions of southern Iraq, Assad of Syrian, and Hezbollah.  If they gain enough power, it's not unthinkable for them to seize Kuwait, the Ghawar oil fields in Saudi, and Qatar.  With those assets, OPEC would be vastly different in a Shiite-Russian orbit.  Saddam Hussein's goal was the same, but he only gained Kuwait temporarily.  Shiites hate the Sunnis, and nothing would make them more pleased than defanging Saudi's money machine and gaining it for themselves.

Putin is in the Middle East for a reason.  Everything he does he is for strategic advantage.  He is not in the Middle East for vacation or humanitarian purposes.

Oil shot up yesterday to almost $50.  Russia is meeting with OPEC today.

Edited October 7, 2015 by SiouxVolley

[The Sicatoka]

Putin is in the Middle East for a reason.  Everything he does he is for strategic advantage.  He is not in the Middle East for vacation or humanitarian purposes.

Oil shot up yesterday to almost $50.  Russia is meeting with OPEC today.

And Keystone XL, and Sandpiper for that matter, are stalled by folks with a myopic view.

[Fetch]

https://bakken.com/news/id/245728/cannibalizing-the-oilfield-idle-rigs-scavenged-for-parts/

U could buy one of these & have gfhockey drill u a hole

Edited October 8, 2015 by Fetch

[SiouxVolley]

The Russians just lobbed a few cruise missiles toward Syria from the Caspian Sea and hit Iran.  Oops.

So if they "accidentally" hit the Ghawar oil fields, oil will be back to $100.

The Chinese now want to help Syria and Assad, so their armies may get involved, probably because they don't want to be outdone by Russia.

This is turning out to be out of Revelation.

Edited October 8, 2015 by SiouxVolley

[darell1976]

The Russians just lobbed a few cruise missiles toward Syria from the Caspian Sea and hit Iran.  Oops.

So if they "accidentally" hit the Ghawar oil fields, oil will be back to $100.

The Chinese now want to help Syria and Assad, so their armies may get involved, probably because they don't want to be outdone by Russia.

This is turning out to be out of Revelation.

If Russia and China are fighting in Syria, the US should be nowhere near that sh&tshow, and risk a kill from "friendly fire".