Page 114 - Oil Patch News Today

Coming down. it becomes less lucrative to produce more oil in hard to reach places that can be less cost efficient to get out. well be closely watching there to see if prices continue to fall, does it choke off that production thats been a big boom for the u.s.? >> that puts it in perspective for us. russians say -- vladimir putin say maybe theyre conspiring to drive down prices. u.s. says no. and saudi arabia says less efficient players like the united states maybe should be the ones to cut pro...

Already eyeing that -- thinking about raising the gas tax. you can -- so you know whats going on there. i think the problem potentially is that this shell revolution has been good for the u.s. economy and that is probably going to slow down. it depends on the marginal cost of an additional barrel, right? so for some oil fields, theyll still be able to bring up oil at a profit but the investment going forward will slow down until we find an equilibrium in the price. >> it sounds like the new inve...

Code it dictates. >> i was in north dakota last week and we are literally, i am getting -- >> unbelievable. >> thousands of peoples jobs by partnering with energy companies and transforming peoples lives. >> there is oil patch in texas, oil here in louisiana. >> new york. >> and north dakota. what were talking about is making it just a little easier for people to get licenses, to be able to drill and do the safely. these are the things that our party needs to stand for, which it does. we did put...

Kelly wright live for us this morning. in north dakota a tornado touches down. >> we got nowhere to go. oh, jesus. >> nine people were hurt. one of them is in critical condition. the tornado ripping at least eight trailers to pieces leaving them scattered across the site. the campus home to people who work in north dakotas oil patch. >> they are scrambling to find a missing man in a massive mud slide in colorado. the first full day of the search turning up no sign. the sheriff is saying he is pr...

Critically, in a trailer park at north dakotas oil patch. the national weather service said the twister hit the oil field workers five miles south of waterford city. look at that visual. trailer parks like these are growing as the states oil boom continues to outpace available housing. the video is riveting to see. >> my goodness. the worst of the severe storm system pummeling texas appears to have passed now but not without the appearance of at least one funnel cloud. much of the state is under...

To extract the oil. and so, theyre trying to balance the impact on society like we are all over north dakota. trying to imbalance the impact on the environment, balance the impact on society. and then invest the resources that both the tribe and the individual members are receiving to help continue to grow economic development. and so, its not our only tribe in north dakota. weve got the turtle mountain chippewa just to the east of the bakken. theyre hoping that they wont have to travel so far, ...

Had an emergency interest rate hike to try to prevent damage to the economy there. the ruble at a record low. clearly theres diplomatic pressure on vladimir putin thats coming from markets as much as its coming from the west. let me show you here whats happening in these other markets. grain prices higher, oil prices up 3%. big moves for one day. wheat prices up almost 5%. corn up 2.3%. big move there. gold prices up about 2%. so you can see around the world different assets are moving as money ...

Are are discretionary, like say the epa, they get hit the hardest. the epa, like many other agencies is not going to be able to pay its employees. in the case of the epa, that is about 17,000 people. the vast majority of those people will be sent home while their work doesnt get done. if you believe the epa ought to exist, you probably think there is never a good time to shut it down, even if you dont see good thoughts about the epa, maybe you think it is a particularly bad time for the agency t...

Will have to close. the spokesperson said the government would effectively close the agencys doors. the government doesnt automatically shutter every agency, troops dont necessarily get recalled from their forward-operating bases or anything. but the parts of the budget that are are discretionary, like say the epa, they get hit the hardest. the epa, like many other agencies is not going to be able to pay its employees. in the case of the epa, that is about 17,000 people. the vast majority of tho...

But the parts of the budget that are are discretionary, like say the epa, they get hit the hardest. the epa, like many other agencies is not going to be able to pay its employees. in the case of the epa, that is about 17,000 people. the vast majority of those people will be sent home while their work doesnt get done. if you believe the epa ought to exist, you probably think there is never a good time to shut it down, even if you dont see good thoughts about the epa, maybe you think it is a parti...