Saturday, July 14, 2012

Off The Internets For Awhile

Many links below have been updated.

Oil Taxes in North Dakota: 90% to the State; 10% Back to the County

Link to InsideClimate News/Dickinson Press here
A complex formula now determines how much gross production tax revenue goes back to the counties and how much goes into assorted state accounts, including a voter-approved state Legacy Fund that collects 30 percent of oil tax revenue for the future.

With the level of production Williams County has currently, the state gets 90 percent of the gross production tax and 10 percent goes back to the county.

Great Story / Photos of Rigs in Backyards of Williston Residents

Link here to InsideClimate News/Dickinson Press.

Folks aren't complaining. Shoot, they've been putting oil wells in the backyards of ranchers and farmers for years.

Great Energy Links / Reading For The Weekend -- And a Non-Energy Link

First, from Rigzone.comthe US energy boom. This is where I would start, with a cup of coffee.

Second, many links at Independent Stock Analysis.

And, from CarpeDiem.comoil boom due to private enterprise, not central planning. Read this article side-by-side with the Rigzone article above.

I haven't downloaded's poster of the day, but it appears to say: Socialism -- ideas so good, they have to be made mandatory.

If I get the time, I might post a stand-alone on how a number of books that I am reading now (in literature and biographies) talk about Soviet Russia in the 1930's and how their central planning then looks a lot like our central planning now. There really does seem to be an anti-business / anti-capitalism tone in Washington, DC. Maybe it's just my perception but it seems in the 1950's the US government was helping US business; now it seems it is just the opposite.

The books referenced include biographies of Paul Dirac and Edmund Wilson; autobiography of Stephen Spender; and, of course, Daniel Yergin's Pulitzer Prize-winning The Prize: The Epic Quest for Oil, Money & Power.

A reader sent this link, an audio on ObamaCare. Thesis: demand for medical care far exceeds supply, and the current discussion in Washington does not address this issue, except through rationing.