Environmental activists, many of whom would like to stop the development of oil resources entirely, like to talk a lot about oil spills in North Dakota. Which, on the face of it, is entirely fair. Oil spills are unequivocally bad. Nobody wants them to happen. When they do happen the public should be aware of…
North Dakota Sales Tax Revenues up Nearly 10 Percent in 2018’s First Quarter, but the Increases Were Mostly in Oil Country
With lawmakers probably looking at more budget belt tightening in their 2019 session which begins in January news of increased tax revenues is very welcome. That’s exactly the news we got today from Tax Commissioner Ryan Rauschenberger’s office. “Taxable sales and purchases for January, February and March 2018 were nearly $4.1 billion, a 9.55 percent…
Unfortunately for North Dakota’s Democrats Oil Tax Revenues Were up 25 Percent in 2017
Ever since the Republican-controlled Legislature passed reforms to North Dakota’s oil tax code during their 2015 session, eliminating a tax exemption triggered by low oil prices and lowering the top tax rate, our Democratic friends have been griping that this was a gimme for the oil industry. Some of their candidates, notably Tax Commissioner candidate…
It Turns Out Oil Spills Aren’t the End of the World
Reasonable people understand that oil is a product that’s necessary to the quality of life we enjoy today. We all benefit from oil development because we’re all using oil every day of our lives. One day some other energy source, or combination of energy sources, may replace oil. That day is not today, or any…
Podcast: “We’ve Gone From Surviving to Thriving”
Live on location at the Williston Basin Petroleum Conference yesterday I interviewed a number of people from North Dakota’s oil and gas industry about the state of affairs in the Bakken play. We talked about recovering oil prices, a new sense of optimism, and the challenge of North Dakota’s chronic labor shortages. “We’ve gone from…
North Dakota’s Flaring Problem Has Its Roots in Excessive Regulation
The environmental activism aimed at impeding, and sometimes even blocking, the build-out of energy infrastructure such as pipelines and refineries/processing plants is bad for the environment. Don’t believe me? Witness the problems the oil and gas industry is having in addressing the flaring issue here in North Dakota. Back in 2014 our state developed, along…
Why Is the North Dakota Land Board Trying to Cost Taxpayers Billions of Dollars?
For some reason Attorney General Wayne Stenehjem’s office is, on behalf of the North Dakota Board of University and School Lands, still fighting to claim mineral rights under Lake Sakajawea. In case you haven’t been following along, here’s some of the back story. Lake Sakajawea is a man-made lake created when the federal government damned…
Double Taxing the Oil Industry Is a Good Way for the Three Affiliated Tribes to Lose a Lot of Money
UPDATE: A reader points out that the Three Affiliated Tribes owns their own oil development company called Missouri River Resources. That seems like a very big conflict of interest. A tribal-owned oil company is going to be operating at a distinct advantage under a dual state-and-tribal tax regime. Back during their 2015 session North Dakota lawmakers removed…
Facebook founder Mark Zuckerberg visits with a group of oil workers at a rig near Williston, ND. via Facebook
Mark Zuckerberg Visited North Dakota’s Oil Patch and Found an Undeniable Truth About Oil: We Need It
Earlier this week Facebook founder Mark Zuckerberg visited Williston, North Dakota. He specifically took a close look at the oil industry there, coordinating with the North Dakota Petroleum Council to visit an oil rig. He also discussed life in the oil patch with a group of residents there, then wrote about it. On Facebook, naturally.…
There Was Never a Bust: North Dakota’s Oil Industry Is More Efficient, More Resilient Than Ever Before
“A Shale-Oil Boomtown Climbs Back From the Bust” That was a headline from the Wall Street Journal over the weekend. It was an article, focused on Watford City in McKenzie County, describing about oil jobs and oil activity rebounding. The rebound is very good news, and a story worth telling, but I take issue with describing the…