Ernest's Feed
Nov 4, 2014
Nov 4, 2014
Nov 4, 2014
Nov 4, 2014
Nov 3, 2014
Nov 3, 2014

Can American Indian reformers slow an oil boom?

3 (Reuters) – A change in leadership at
an American Indian reservation in North Dakota wouldn’t normally
get a whole lot of attention. But come Tuesday, the oil industry
will be watching this dusty area of the state as two reformers
vie to become tribal chairman, an office with outsized power
over the course of the state’s booming oil industry.

That’s because the reservation’s Three Affiliated Tribes of
Mandan, Hidatsa and Arikara (MHA) Nation control roughly a third
of North Dakota’s oil output. In the past two years alone,
production on the MHA Nation has jumped 145 percent, cementing
the state’s role as the second-largest U.S. oil producer after

Nov 2, 2014
Nov 2, 2014
Nov 1, 2014
Oct 31, 2014

Exxon, Chevron profits boosted by refining as oil prices fall

Oct 31 (Reuters) – A surge in refining profits boosted
quarterly results for Exxon Mobil Corp and Chevron Corp
, helping to offset lower oil and gas output and slumping
crude oil prices.

Both U.S. energy majors reported better-than-expected
third-quarter profits on Friday, with executives touting the
importance of owning massive refineries alongside oil and gas