Oil

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ND Oil Industry Proposes Flat Tax On Crude Production

North Dakota’s oil industry is proposing a flat tax on crude production in exchange for giving up some big incentives that could cost the state millions of dollars in lost revenue.

04/20/2015

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New Rules Proposed As 5-Year Anniversary Of Oil Spill Nears

Almost five years after the Deepwater Horizon oil spill, the Obama administration has proposed new regulations aimed at strengthening oversight of offshore oil drilling equipment and ensuring that out-of-control wells can be sealed in an emergency.

04/14/2015

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Gas Prices May Drop Again In Summer 2015

Gas prices usually go up in the summer. But AAA said prices could actually drop this year. AAA said as long as there are no unexpected refinery problems or major conflicts in the Middle East, gas prices will go down.

04/02/2015

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Former Sex Trade Worker Fighting Trafficking In Oil Patch

When she first arrived in town, Windie Lazenko headed to the neon-lit strip clubs and bars catering to lonely oil field workers with extra cash and time on their hands. She knew these were likely gathering spots for the sex trade — the life she’d given up long ago.

03/08/2015

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Oil Company To Pay $2M For Illegal Well In North Dakota

A Norway-based oil company that illegally operated a well in North Dakota that was established by another company has agreed to pay a nearly $2 million settlement to avoid legal action in the case.

03/05/2015

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Defying GOP, Obama Vetoes Keystone XL Pipeline Bill

Defying the Republican-run Congress, President Barack Obama rejected a bill Tuesday to approve construction of the Keystone XL oil pipeline, wielding his veto power for only the third time in his presidency.

02/24/2015

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Fuel-Hauling Trains Could Derail At 10 A Year

The federal government predicts that trains hauling crude oil or ethanol will derail an average of 10 times a year over the next two decades, causing more than $4 billion in damage and possibly killing hundreds of people if an accident happens in a densely populated part of the U.S.

02/22/2015

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Congress Set To Pass Bill Approving Keystone XL Pipeline

The Republican-controlled Congress is set to send a bill approving the Keystone XL oil pipeline to President Barack Obama, who has vowed to veto it.

02/11/2015

Keystone XL Protesters (Photo by Nicholas Kamm/Getty Images)

EPA: Keystone XL’s Climate Impacts Need To Be Revisited

With the recent dip in oil prices, the Environmental Protection Agency wants the State Department to “revisit” how much of a toll the Keystone XL oil pipeline would have on global warming.

02/04/2015

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Low Prices Raise Alarm In North Dakota Oil Patch

High crude prices catapulted North Dakota into the top tier of the global oil market and doubled or tripled the size of once-sleepy towns that suddenly had to accommodate a small army of petroleum workers.

02/02/2015

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Senate Passes Bill Approving Keystone XL Oil Pipeline

The Republican-controlled Senate on Thursday approved a bipartisan bill to construct the Keystone XL oil pipeline, defying a presidential veto threat and setting up the first of many battles with the White House over energy and the environment.

01/29/2015

BP (Photo by Carl Court/Getty Images)

BP To Sell Part Of Its Gulf Of Mexico Stake To Chevron

BP is selling part of its stake in an emerging oil-producing region in the Gulf of Mexico to Chevron, and the two companies, along with Conoco Phillips, will work to develop the fields together.

01/29/2015

Keystone XL Pipeline (Photo by Tom Pennington/Getty Images)

Both Sides In Keystone XL Debate Bend Facts

Let’s check some of the claims about the pipeline as a bill approving it heads toward likely passage by the Republican-led Senate and a veto by President Barack Obama.

01/29/2015

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New ND Revenue Forecast Assumes $4B Shortfall In Oil Revenue

North Dakota lawmakers have adopted a revised revenue forecast that reflects a more than $4 billion shortfall in oil revenue due to the slumping price of crude.

01/29/2015

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Low Oil Prices A Bonus For Minnesota Railroad Regulators

Lower gas prices have had an added bonus in Minnesota beyond fatter wallets: Train traffic is leveling off, giving regulators space to refocus on safety issues, a state railroad official told lawmakers Wednesday. “That’s the good news. It gives us a little breathing space,” Dave Christianson, a rail planner for the Minnesota Department of Transportation, told a state House committee.

01/21/2015

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Podcast Page: The WCCO Morning News With Dave Lee———–John Hines 1-8-15

Congrats to the new KLONDIKE KATE who talked with John Hines this morning. Click the link above to listen back to the interview.

01/08/2015

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Senate Panel Takes Up Pipeline Bill Despite Veto Threat

A Senate committee has taken up a bill approving the Keystone XL pipeline with plans to move it toward the full Senate, despite a veto threat from the White House. Energy and Natural Resources Chairman Lisa Murkowski says lawmakers shouldn’t be deterred by President Barack Obama’s threat. She notes the bill has Democratic supporters and came within one vote of passing last year.

01/08/2015

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Hearings Begin On Sandpiper Oil Pipeline Across Minnesota

A battle is underway over plans to build a 300-mile crude oil pipeline across northern Minnesota’s lakes region. Public hearings are being held this week to consider the pros and cons of bringing more crude oil from North Dakota oil fields via an underground pipeline to a terminal in Superior, Wis.

01/05/2015

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ND Lawmakers May Halt Pork Spending Amid Slipping Oil Prices

Before North Dakota’s treasury was overflowing with oil revenues, state lawmakers in the ultra-conservative state were notoriously stingy in spending taxpayer money.

01/04/2015

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Reality Check: Low Gas Prices

Just when you thought gas prices couldn’t go any lower – they did.
Some Twin Cities gas stations are now selling gas for lower than $2.30 a gallon, a windfall for consumers.

12/11/2014

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Gas Prices Still Plummeting Prior To Thanksgiving Travel

It’s going to cost you a lot less to drive over the river and through the woods to grandmother’s house this Thanksgiving holiday. Global demand for oil is down and supply is up.

11/24/2014

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Movie Blog: ‘Overnighters’ & ‘Li’l Quinquin’ Reviewed

Sweet Lord in heaven, what a movie. This tough, tragic documentary by filmmaker Jesse Moss is one of the year’s best, and it should probably be required watching for anyone in the Midwest.

11/21/2014

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St. Paul Native Arrested After Protesting Keystone Pipeline

A 22-year-old St. Paul native was arrested Tuesday after protesting the Keystone XL pipeline in the U.S. Senate Chamber.

11/19/2014

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Good Question: What Is The Keystone XL Pipeline?

Earlier Tuesday evening, the U.S. Senate failed to approve the Keystone XL Pipeline by a vote of 59 – 41. Immediately after the vote, Republicans said they’d bring up the issue again in January. The fight over this pipeline has been a long, contentious battle that began in 2008 when TransCanada, the company building the pipeline, applied for a construction permit.

11/18/2014

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Franken, Klobuchar ‘No’ On Keystone

Minnesota’s senators were both “no” votes as a proposal to build the Keystone XL pipeline went down by a single vote. Sens. Amy Klobuchar and Al Franken were expected to line up against the proposal even before Tuesday evening’s vote. It failed 59-41.

11/18/2014

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