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Tag Archives: oil money

Is the North Dakota government controlled by oil and gas?

house

Lydia Gilbertson | Shale Plays Media Pulitzer Prize winning web publication, InsideClimate News, posted an expose by Nicholas Kusnetz examining the correlations between the oil industry and North Dakota’s government. The report thoroughly examines the effect the oil boom has had not only on the state’s infrastructure but its government officials and colleges. Put another way, the state’s modern history ...

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Oil boom sends gusher of cash to Texas universities

By James Osborne | The Dallas Morning News Before hydraulic fracturing. Before the super majors. Before the first oil boom. Before Texas was even a state, sparsely populated land on its western frontier was set aside to fund public education. As the oil shale boom sweeps West Texas more than 170 years later, the University of Texas and Texas A&M ...

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North Dakota global credit rating upgraded to AAA

Money

BISMARCK, N.D. (AP) – Oil-rich North Dakota has received the highest credit rating available from a worldwide financial services company. Gov. Jack Dalrymple says Standard & Poor’s decision to upgrade the state’s credit outlook to AAA shows a commitment by government leaders to manage the budget and keep money in the bank. North Dakota is now one of only 15 ...

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New Obama adviser will not work on Keystone XL

WASHINGTON (AP) — The White House says a new senior adviser to President Barack Obama will recuse himself from deliberations on the Keystone XL oil pipeline. John Podesta, a former chief of staff under President Bill Clinton, has spoken out against the pipeline. Podesta founded the Center for American Progress, a liberal think tank, and has spoken out against the ...

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Oil recovers to above $110 after biggest fall in 5 weeks

stocks

By Florence Tan SINGAPORE, Dec 10 (Reuters) – Brent crude rose toward $110 a barrel on Tuesday, recouping some of the previous session’s sharp losses, as data from China reaffirmed signs of stabilising growth and fuel demand in the world’s second-largest oil consumer.  China’s implied oil demand rose 1.5 percent in November to about 9.94 million barrels per day (bpd) ...

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