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Tag Archives: oil economy

Watford City barrels through downturn in oil economy

A dramatic drop in the price of oil has adversely impacted the economies of North Dakota and its oil patch cities and counties. But one area has weathered the storm better than most. Whether you take your measure from sales taxable revenue (up 11% year-over-year), construction permits or industry pundits, Watford City and McKenzie County have exceeded expectations. Experts mostly ...

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Economist: ConocoPhillips Alaska job cuts will hurt, but it could be worse

conocophilips

The announcement this week by ConocoPhillips that it may cut about 120 jobs in Alaska is bad news for the economy, but a state labor department official said Wednesday the damage could have been worse. Neal Fried, an economist for the Alaska Department of Labor and Workforce Development, said Alaskans should be nervous, but not panicked about ConocoPhillips’ 10-percent job ...

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