We need to learn quickly to keep up with the massive change around us so we don't get run over. We need to outrun change.
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The September production was 1,162,253 BOPD, which is down 2.14% for the month. That is down 5.3% from the peak of 1,227,329 in December 2014.
Here are a few production graphs.
Statewide and Bakken/Three Forks production since 2008:
Monthly average production since 1990:
Prof. Angus Deaton won the 2015 Nobel award in economics. Mentioned this earlier.
His contribution to expanding the frontier of economics knowledge is to study development and poverty from the consumption side instead of income side. This approach looks at what can people buy instead of what income they have.
Fun article talking about some of his ideas was in the Financial Times on October 12: Nobel Prize winner Angus Deaton shares 3 big ideas.
Inequality
Continue reading “More comments from winner of this year’s Nobel award in economics”
First read of the action to close all crew camps was approved 3-2. I previously discussed Williston considers driving up housing prices.
11/11 – AP at Bakken.com – Williston moves closer to banning crew camps in city limits – By a vote of 3-2, the Williston city commissioners gave preliminary approval to plan to end all man camps by July 1, 2016.
11/10 – Amy Dalrymple at Dickinson Press – Williston city commissioners vote to shut down crew camps – The motion was approved by commissioners Tate Cymbaluk, Christ Brosteun, and Howard Klug (mayor). It will require a second reading and approval.
Move would shut housing with 3,600 beds. Target Logistics, with a large camp on the north side of town, is currently 70% occupied.
Oil executives said there is still a need for temporary housing for crews that move around based on where they need to work this week or this month. Their concern is workers will leave the area for a location with stable temporary housing.
Apartment owners are concerned about prices dropping and not as many tenants renting.
The Bismarck Tribune has a good article on the new Williston airport, which is being built outside of town and will handle medium-sized jets. It will replace the current airport, which is in town and has a runway that can only handle smaller regional jets. I picture a runway that can handle 150 passenger jets versus a runway limited to jets that can carry 50 passengers, like the CRJ above.
Two county commissioners don’t see any reason to build the new airport.
The article: Williston airport proponents chart aggressive course.
Current funding plan for new airport:
City of Williston may likely vote this week to close all man camps within their jurisdiction. Dramatically reducing supply of housing will have the obvious impact of driving up prices. Keep in mind that is a choice of the local government.
Heat is what caused two derailments in Montana back in July. Not the oil that was on board.
Major construction work on Main street is finished.
11/6 – Amy Dalrymple at Dickinson Press – Oil backers push to keep crew camps as decision looms for Williston
Update 11/20 – I’m wondering if “Blood & Oil” will even make it through the shortened season of 10 episodes. Wikipedia reports episode #7 aired on 11/8. It had same rating/share as week #6 (0.8/2) with a tiny increase in viewers (up 0.15M to 3.40M, for second lowest showing). Show did not air on 11/15 and is not scheduled for 11/22. Next episode, #8, is scheduled for 11/29. ‘Suppose #10 will ever get on the air? Anyone liking the show might just have to catch it on DVD.
A few articles on shows set in the North Dakota oil fields. One ad libs with locals, one actually has a non-oil plot, and one suggests everyone moving to North Dakota is a low life. Guess I’ve been reading enough lately and am aware enough of what is going on in the Bakken that I can recognize heavy agenda when I see it.
Oh, ‘Blood & Oil”, which I discussed earlier, will only have 10 shows in its first season instead of the originally contracted 13. Their ratings & share is still dropping. If I understand some articles correctly, that means the show is on its deathbed.
10/17 – Dickinson Press – Williston on film – Gotta love the opening sentence!
It’s probably safe to say Williston, North Dakota has the highest per-capital presence of filmmakers on earth.
Between some vacation, talking about things I learned in North Dakota, and following the trial of now-convicted human trafficker Keith Graves, I’ve not been talking about the devastation caused by wind and solar power for quite a while. Not to worry, there is a long backlog of articles on the destructive power of wing toasters and slice-and-dicers on my list of things to discuss.
Here are a few articles on dilute and intermittent wind power that caught my eye. Update on solar to follow in a few days.
7/31 – Million Dollar Way – Wind Energy Unable to Meet California’s EV Demands – Continue reading “Update on wind and solar power (#35)”
Haven’t seen much news from Colorado or Washington on regulating marijuana. On the other hand, I haven’t been looking much. As a reminder, I’m watching this topic to see how badly heavy-handed regulation restrains a new industry.
Some news from other states moving toward legalization. North Dakota is taking some steps. Ohio stops.
1/2 – Rob Port at Say Anything Blog – Read What Medical Marijuana Supporters Are Hoping To Put On North Dakota’s Ballot – Article summarizes the proposed initiative to authorize medical marijuana in North Dakota.
Now that Mr. Graves has been convicted on five counts of human trafficking plus possession and distribution of meth, I have started to think about what sentence he has rightfully earned and will be justly delivered to him in full.
Previous post discussed why I am paying such close attention to Mr. Graves’ case. Short answer is this expands my understanding of the federal legal system, extends my detailed discussion of the documentary The Overnighters, and overlaps my interest in the shale boom in North Dakota.
This discussion looks at the offense level and my wild guess on possible sentence. Previous post discussed the concept of criminal history level.
Offense level
Continue reading “Wild guesses on possible sentence after Keith Graves is convicted – part 2”
Now that Mr. Graves has been convicted, I will start to think about what sentence he might earn.
Having noticed how closely I am following the case of now-convicted human trafficker Keith Graves you may wonder why I am paying such close attention to his case. After reading this post, you will be really curious. (12-19-15 update) I hope this post explains my curiosity.
Why am I paying such close attention? Continue reading “Wild guesses on possible sentence after Keith Graves is convicted – part 1”