Jobs in North Dakota

Discussion in 'Energy' started by rdean, Sep 26, 2009.

  1. rdean
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    rdean rddean

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  2. Toro
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    Toro Diamond Member

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    The Bakken Shale looks good.
     
  3. Mr. H.
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    Mr. H. Diamond Member

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    These are the very jobs Obama wants to eliminate in favor of "green" jobs.

    "The Obama Administration’s budget request would strip essential capital from new
    American natural gas and oil investment by radically raising taxes on American production.
    American natural gas and oil production would be reduced. It runs counter to the
    Administration’s clean energy and energy security objectives. Following is a review of the
    Obama Administration proposed changes to natural gas and oil taxation."


    http://www.ipaa.org/news/docs/Kleemeier-Testimony-Senate-Finance-09-10-2009.pdf

    The link covers in detail the following topics:

    Intangible Drilling and Development Costs (IDC)
    Percentage Depletion
    Passive Loss Exception for Working Interests in Oil and Gas Properties
    Geological and Geophysical (G&G) Amortization
    Marginal Well Tax Credit
    Enhanced Oil Recovery (EOR) Tax Credit
    Manufacturing Tax Deduction
    Federal Tax on Gulf of Mexico Production

    "Taken together, these tax changes are projected to strip about $36 billion from US natural
    gas and oil production investment over a nine year period from 2011 through 2019."

    Bakken Shale development would not be what it is today were it not for the above provisions- many of which have been in the Tax Code for decades and are also utilized by other industries. The entire oil and gas industry in the United States is at risk.

    For what? To finance Obama's pipe dream of clean renewable energy and jobs?

    Pathetic.
     
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  4. Old Rocks
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    Old Rocks Diamond Member

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    Pathetic that you think that we should finance the people that are at present making billions in profit. Even with the Bakken, we still only have 3% of the reserves of the worlds oil, and use 25% of the oil pumped.

    Yes, we should use the money to finance clean energy, wind, solar, geothermal, and nuclear. Time to get rid of the buggy whips.
     
  5. alexbilly3
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    alexbilly3 Rookie

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    There are so many jobs specially in oil industry in North Dakota. This is on boom. It is a kind of good record in US. You can find your job in North Dakota. The President Obama, however trying his best to bring huge jobs opportunities in the US.
    But this is a good new for US people to get their best job in North Dakota.
     
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  6. Mr. H.
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    Mr. H. Diamond Member

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    Those "billions in profit" require "billions" in investment. Net profits of oil and gas comanies rank 115th of all industries.

    Besides, it is Independent companies that are primarily operating in the Bakken- not major integrated multinational companies.

    And by "finance the people who...", you must be referring to traditional business expensing that is practiced by all industries in this country.

    Yet- you want to single out oil and gas for compulsory taxation simply to fund "clean energy"?

    Just who's being pathetic here?
     
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  7. Big Fitz
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    Big Fitz User Quit *****

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    And juuuuuust think, Hairnet! If Obama would get out of the way and tell the ecofascists to shut the fuck up, this job boom could happen up and down the rockies profiting this nation potentially trillions in economic activity, solidifying our energy infrastructure and create MANY valuable "living wage" jobs for the middle class. (had to speak socialist for a second)

    So the question is... why isn't the Manchildian Candyass we have in the white house dead set behind this? The logic and intelligence is blatantly obvious to even those of us you think have no brains.
     
  8. Trajan
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    Trajan conscientia mille testes

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    and to mark the occasion....


    * FEBRUARY 8, 2012

    Oil and Gas Boom Lifts U.S. Economy


    snip-

    There is no oil and gas production in Idaho, but that doesn't mean the U.S. energy boom has bypassed this bedroom community west of Boise. Fleetwood Homes of Idaho, a subsidiary of Cavco Industries Inc., has increased production by 25% since last fall at its Nampa factory, hiring 40 workers and adding hours for employees. It is building the extra-insulated "Dakota" model for shipment 1,000 miles east to the Bakken oil field in North Dakota.

    Were it not for the new demand for oil-field housing, factory manager Jeff Chrisman says he would be handing out furloughs, not overtime. Instead, "We've been able to bring back people that we hated losing a couple of years ago," he says.

    snip-
    The economic benefits of rising energy production are spreading far beyond the traditional oil patch, to Ohio and Pennsylvania, Nebraska and New York, North Carolina and Idaho. Truck drivers from pretty much anywhere can find work related to the surging energy business. Private-equity firms completed $24.8 billion of energy deals of all types last year, up from $8.5 billion in 2010, according to data tracker Preqin. Manufacturing plants are returning to the U.S. to take advantage of cheap natural gas, spurring major investments in petrochemical and steel production in the Gulf Coast and Midwest.

    Landowners in huge swaths of the country where shale is found are raking in money for leasing their mineral rights. Consumers throughout the U.S. are paying lower bills for heating and electricity because of cheap natural gas. Even the U.S. balance of payments with other countries is improving because of the new energy economy.

    "This is probably the biggest stimulus we have going," says Michael Lynch, president of Strategic Energy & Economic Research, a consultant based in Amherst, Mass. Some $145 billion will be spent drilling and completing U.S. wells this year, up from $13 billion in 2000, estimates Spears & Associates Inc., an oil-field market research firm.


    snip-
    For every new job working in the oil and gas sector, another four are supported by the energy supply chain and by workers spending more money on goods and services, says Timothy Considine, an independent economist who has worked on estimating job creation in the natural resources sector.


    more at-
    Oil and Gas Boom Lifts U.S. Economy - WSJ.com




    No wonder, Big daddy gubermints footprint in all this is remarkably minimal......
     
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  9. mudwhistle
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    mudwhistle Diamond Member

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    Obama is so dishonest. He fights against job creation yet even though he has nothing to do with job growth in this country he will take full credit for it and his slobbering supporters will pound their chests saying "Republicans must be panicking right about now".

    We know what the deal is.
     
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  10. Wiseacre
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    Wiseacre Retired USAF Chief Supporting Member

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    Obama would help his re-election chances considerably if he didn't side with the enviro-terrorists. REpubs are going to use the pipeline and other things against him and it's going to hurt.
     

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