Welcome. Your BAKKEN & BEYOND Industry Business Journal.
Ten Reasons 2018 Will Be a Very Good Year
By: Joseph R. Dancy | E.D. of the University of Oklahoma’s College of Law Oil & Gas, Natural Resource, and Energy Center
Good news. After several years of depressed activity, the outlook for the energy sector in 2018 has turned positive. Many indicators and trends suggest higher oil prices, more drilling and more developmental activity are ahead.
Consider the following points. Over the last six months:
(1) The oil futures curve has gone from ‘contango’ to ‘backwardation’, a condition the Dallas Federal Reserve notes is a bullish indicator.
On Sept. 25, 2017, the Brent futures curve went into backwardation (downward sloping) through year-end 2019. Three months earlier, it was fully in contango (upward sloping). [Read more]
Energy Dominance – Making America Competitive Again
By: Jessica Sena
Don’t tax me, Bro
Love him or hate him, Donald Trump is presiding over one of the most exciting economic upticks Americans have ever seen. Coupled with a massive regulatory rollback, optimism is now flowing from Wall Street to Main Street.
The stock market is skyrocketing, GDP is up, unemployment is down, and thanks to a Reagan-sized tax reform package, overseas businesses are coming home, repatriating tax dollars in the United States. Countless others have announced plans to increase job numbers and wages.
Though the Tax Cuts and Jobs Act has received criticism, a report released by the Joint Committee on Taxation in December explains that 77 percent of total tax cuts will go to individuals. That’s $1.1 trillion in tax savings to average taxpaying Americans. [Read more]
Bakken Leaving 2017 Healthier & More Mature
By: Rob Lindberg | Director, Bakken Backers
In a conversation at the beginning of 2017 with an industry leader, we reminisced about the number of experiences and happenings that have occurred in such a short period of time in the Bakken. His experience began in the early 2000s; mine began in 2012. We talked about the North Dakota oil industry before the Bakken, its first discoveries, the mini boom, the mini downturn and the full boom with incredible growth, endless traffic and constant media attention.
It was a remarkable time. Entrepreneurs made fortunes. Workers earned incredible sums. Many spent more than they earned. Work was endless, as was the unbridled enthusiasm shared by those within it. [Read more]
Trumping the Naysayers
By: Chris Bischof
In the days leading up to last year’s presidential election, Americans heard that electing Donald Trump to the presidency would damage the US and put the entire world in grave danger. That message was hammered 24 hours a day, seven days a week. It came from every media venue. But despite the non-stop anti-Trump barrage, he won.
His surprise victory was followed by another flood of predictions. The sore losers among the Democrats then released their predictions for Trumpian calamity. It’s true, the Trump presidency has been anything but calm. At times it has been tumultuous and nerve-wracking. But there is no doubt President Trump is shaking up the establishment. For better or worse, things will never be like they were.
Can we assess his performance? Sure. Let’s start with something that was not among his campaign promises – the soaring stock market. [Read more]
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