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Tag Archives: oil boom

North Dakota education thrives despite oil bust

school

During the oil boom, state departments thrived off increased tax money and schools received more than enough funding. However, during the economic downturn, states that depended too heavily on oil taxes, such as Oklahoma, struggle to fund their education systems. Meanwhile, North Dakota students will see little to no change in their classrooms thanks to the high taxes paid by ...

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In Texas, residents are riding out the latest oil bust

BIG LAKE — The week before Christmas, restaurant owner Terry Stevens warmly shook hands with oil workers and wished them a happy holiday as they walked out the door, some possibly for the last time. Stevens, a 52-year-old Michigan transplant, moved to this West Texas outpost five years ago, before the latest oil boom. Workers flocked to the Mexican restaurant ...

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Dear Lord, please let us see another boom

It is common knowledge that the Oil & Gas Industry is very much like a rocket and a shovel. It’s either shooting sky-high or digging us into a hole and burying us in darkness. Right now the latter is our truth. It seems we are all saying, “Not now, we can’t afford it.” Working in the Oil industry is definitely ...

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U.S. refiners find the oil market’s sweet spot: Kemp

(John Kemp is a Reuters market analyst. The views expressed are his own) LONDON – Low crude prices and strong demand for gasoline are creating near-perfect conditions for oil refineries across the United States, especially those geared towards maximizing gasoline production. Valero, the country’s largest independent refiner, made a gross margin of more than $13 on every barrel of oil ...

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Clean-up events organized for ND oil patch towns

BISMARCK — The North Dakota Petroleum Council’s “Pick Up the Patch” campaign is under way in several communities and will run throughout May. The effort is aimed at cleaning up garbage that’s littering the oil patch in western North Dakota. The Petroleum Council started the clean-up campaign in 2012 after complaints about the growing trash problem spurred by the oil ...

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