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Critics: River route no place for oil trains after crash

PORTLAND, Ore. (AP) — A fiery oil train derailment in Oregon’s scenic Columbia River Gorge drew immediate reaction from environmentalists who said oil should not be transported by rail, particularly along a river that is a hub of recreation and commerce. At least eleven cars derailed Friday in the 96-car Union Pacific train and the company said several caught fire. ...

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A Microsoft star seeks to run North Dakota

Doug Burgum

BISMARCK, N.D. (AP) — A decade ago, then-Microsoft executive Doug Burgum stood before a cheering crowd at a technology conference in Dallas and introduced his boss, company co-founder Bill Gates, by describing what makes entrepreneurs successful. “Innovators are people who go against the grain” by taking risks and chasing dreams, said Burgum, who’d become a tech star in his own ...

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Top Bakken news stories – May 28 – June 3

Catch up on the news you missed last week with our weekly recap. Below are the top five articles that our readers found most engaging. Enjoy! 5. Interest in solar power soaring while utility seeks rate cut GREAT FALLS, Mont. (AP) — Interest in solar power is soaring in Montana because of the state’s sunny skies and profit potential. But NorthWestern Energy, ...

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Investment firm announces purchase of Colstrip operator

power plant, Talen Energy

HELENA, Mont. (AP) — A partial owner of Talen Energy Corp., which is the operator and a co-owner of Montana’s Colstrip power plant, is seeking to buy the entire company for $1.8 billion. Talen spokesman Todd Martin said Friday the planned acquisition by the investment firm Riverstone Holdings LLC will mean no immediate changes for Colstrip, whose future was already ...

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US rig count sees first significant jump of 2016

rig count, Baker Hughes

HOUSTON (AP) — The number of rigs exploring for oil and natural gas in the U.S. rose by four this week to 408, the first rig count gain in months and halting a slide that pushed the count to record-low levels amid collapsed energy prices. A year ago, 868 rigs were active. Houston oilfield services company Baker Hughes Inc. said ...

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OPEC states fail to reach deal on production

VIENNA (AP) — OPEC countries failed Thursday to agree on measures to influence crude supplies and prices, in a missed opportunity to show the resolve that for decades let them set how much consumers and industries worldwide would pay for gasoline, heating and related necessities. At the same time, OPEC officials argued the cartel was alive and well, scoffing at ...

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Survey finds modest economic growth in many regions

economic growth

WASHINGTON (AP) — The Federal Reserve said Wednesday that the economy grew at a modest pace in much of the country from April to mid-May, despite headwinds ranging from slower consumer spending to ongoing weakness in the manufacturing and the energy sectors. The Fed’s latest survey of business conditions found that half of its 12 regions described growth as modest, ...

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