Tag Archives: big oil

Here Come The Annual Spring Gas Price Conspiracy Theories

Here Come The Annual Spring Gas Price Conspiracy Theories

It’s spring time. That means we’re entering the summer driving season, and increased demand typically drives up fuel prices. And thanks to gas prices being one of the most visible economic metrics – heck, the prices are posted on signs along every road in America – people get upset when the prices go up. We’re

House Raises Oil Taxes: "I've Never Had Someone Call Me To Raise Their Taxes Before"

Earlier this week the North Dakota House rejected HB1198, which would have ended certain tax exemptions for the oil industry, but offset those tax increases with a reduction in the oil extraction rate. Unfortunately, that failed, so the bill came back to the House today just the tax increases and not the rate reductions. Rep.

House Shoots Down Bill To Make Oil Tax Simplification Revenue-Neutral

In a state where revenues are running, in the current biennium, about 67% above last biennium we have no business raising taxes. But Democrats, joined by a number of Republicans, lead the charge to kill a half-cent decrease in the state’s oil extraction tax. The idea was to offset the tax increase resulting from the

Why In The World Is The State Of North Dakota Raising Taxes?

The State of North Dakota’s financial situation is the envy of the nation. According to the most recent revenue report from the Office of Management and Budget, total state revenues biennium to date are running 64.7% above last biennium. To put that in numbers, the state has collected $1.6 billion more in taxes so far

North Dakota Governor Jack Dalrymple

Dalrymple Must Disclose Financial Interests In Oil Companies

According to the Bismarck Tribune, Governor Jack Dalrymple owns stock in an oil company that made headlines earlier this week by staking out an oil well near the historic Theodore Roosevelt National Park. That in and of itself isn’t a bad thing, but Dalrymple shutting down requests for transparency about the matter in advance of

Oil Tax Cuts Fall Flat In North Dakota House

With no debate, outside of bill carrier Rep. Craig Headland explaining his committee’s “do not pass” recommendation for the bill, the most controversial tax bill before this legislature fell flat on its face in the state House today. The vote was 6-87. Taxes, I think most would agree, ought to be fair. Meaning they ought

Memo To Gas Price Conspiracy Theorists: It's The Oil Prices

Any time rising gas prices become a story, and the media loves to make it a story, the gas price conspiracy theorists come out of the closet. It’s a conspiracy, we’re told. It’s Big Oil cranking up prices to take windfall profits! You almost get the idea that gas station owners, after their secret meetings,

Grand Forks Herald: Tax Cuts Are A "Libertarian Extreme"

It seems the editorial page at the Grand Forks Herald has become more and more shrill in its denunciations of limited government ideals. Though the Herald has always been to the left of the average North Dakota voter, normally the editorials can be counted to be above the sort of name-calling and invective displayed in

North Dakota Democrats: Cutting Taxes Is "Radical" And "Reckless"

Senator Dwight Cook’s proposal for reform of oil extraction taxes has created some surprising bi-partisanship in criticism. Earlier this week former Governor Ed Schafer, who campaigned for reforming the state’s oil extraction tax during the 2011 session, was critical of Senator Cook’s proposal here on SAB. Schafer didn’t like that the bill raised taxes on

While Finally Promising To Pass A Budget, Democrats Aim Tax Hikes At Energy Industry

Senate Democrats, who apparently think budgeting is like inaugurating presidents in that it’s only to happen every four years, have finally said they’ll pass a budget in 2013 after four years of not budgeting at all. Which the sort of had to do since Republicans are making Senate budgeting a prerequisite of a debt ceiling

Top