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Quit Repeating Nonsensical Oil Statistics!
“I give out this statistic all the time, and forgive me for repeating it again: America holds about 2 percent of the world’s proven oil reserves.” – President Barack Obama, March 30, 2011 It would be...
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North Dakota’s Job Creation Formula
When it comes to creating jobs, North Dakota has found the right formula. The state has the largest percentage increase in employment over the past year and was the fastest of all 50 to recover from...
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Production of Oil, Gas and Coal on Federal Lands Sinks to Nine-Year Low
Last fall the U.S. government’s Energy Information Administration reported a 40 percent decline in oil and natural gas production on federal lands compared to 10 years ago. The White House and a...
View ArticleNorth Dakota’s Economic Boom Inspires Action on Energy Legislation
The U.S. House will vote next week on a package of energy and jobs bills Republican leaders say will help lower the price of energy and boost economic growth. The Domestic Energy and Jobs Act combines...
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A Fracking Miracle: North Dakota’s Bakken Boom (VIDEO)
“The North Dakota Miracle.” That’s what it’s been dubbed by many. The recent boom of the Bakken oil fields—made possible by a perfect storm of sensible state regulations, the often maligned fracking...
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North Dakota’s Oil Boom in Pictures
The combination of energy production and job creation is potent force. It’s one reason a bipartisan majority in the U.S. House today approved the Domestic Energy and Jobs Act, legislation that would...
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Chart of the Week: Household Income Soars In Energy-Producing States
North Dakota’s energy boom helped the state surpass California and Alaska to become the No. 2 oil-producing state in America. But oil isn’t the only thing that’s booming. Household income rose faster...
View ArticleEPA Argues for Subsidizing Domestic Oil Production
The Environmental Protection Agency’s world is chock full of external costs and external benefits that it must rectify with taxes, subsidies, and regulations. For instance, to cure this world of...
View ArticleFree-Market Opportunities Propel North Dakota to Top Job Creator
North Dakota led the nation in job creation in 2012, according to a new report released by Gallup. The state has an unemployment rate of 3.2 percent, the lowest in the country according to the Bureau...
View ArticleGreat Green Fleet = Big Red Ink
It seems that Washington has a mandate, subsidy, or loan program for every bad idea. Today’s example is military biofuels. Just this spring, the Defense Department issued another multimillion-dollar...
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We Are Drilling, Baby! U.S. Passing Saudi Arabia in Oil Production
Kenny LeBaron, left, and his brother Joshua moved to North Dakota from Minnesota to take advantage of higher salaries due to an oil boom there. Here they service a gas and oil well near Watford City,...
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Ecuador: Chevron Trial Illustrates Poor Investment Climate
Photo: EFE/Newscom Press coverage of the just-concluded testimony phase of a racketeering trial in a New York federal court provides an excellent recent illustration of the behind-the-scenes...
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