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Thursday, October 9, 2014

North Dakota Notches Coldest Temp In Lower 48; Active Rigs Ties High For This Date; Is Baghdad Close To Falling To ISIL? -- October 9, 2014

Germany headed back into recession? Russian ruble near collapse? US market down another 200 points today. How are those sanctions working out? Haven't heard much from the Ukraine lately.

Following closely the polls that show people being "hurt" by ObamaCare, we now get word that more than a dozen states will cancel health care policies not in compliance with ObamaCare -- the cancellations will arrive about the time folks are getting ready to vote.  Like your insurance plan? Don't become too attached.

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The ultimate Keystone XL workaround. Yahoo!Finance is reporting:
The political drama tying up the construction of the Keystone XL pipeline isn't slowing down Canada. According to Bloomberg News, Canada is constructing a $10.7 billion pipeline, which would run through six provinces and four time zones, straight out to the Atlantic Ocean.
It’s the ultimate workaround, albeit a very expensive one. The pipeline is being called Energy East, and it would use existing or underused natural gas pipelines to make its way across Canada. It could be up and running by 2018.
Energy company TransCanada first proposed the Keystone XL pipeline six years ago to bring oil from Alberta down to the Gulf Coast. The Keystone pipeline was supposed to create jobs and lessen U.S. dependence on foreign oil. Instead, it has created political theatre, polarizing policymakers over environmental and safety issues.
The key quote from the article: "You snooze, you lose."

Earlier links discussing Energy East:
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Jobless claims drop 1,000 -- wow ... 287,000, link here:
The number of Americans filing new claims for unemployment benefits fell last week to nearly its lowest level since before the 2007-09 recession, a sign of growing steam in the U.S. labor market.
Buried deep in the article: previous week's numbers were revised upwards ... by 1,000. So, it's a wash today.

The four-week average fell 7,250 to 287,750, its lowest level since 2006.
A reader sent this in early this morning:
Langdon, ND, had the coldest temperature in the lower 48 yesterday with a low of 19. Rolla, ND, is in the lead for the coldest spot in the nation this morning, if that is a contest you want to win........

( Rolla had a low temp of 19 degrees )
Active rigs:


10/9/201410/09/201310/09/201210/09/201110/09/2010
Active Rigs194185191194156

RBN Energy: crude falls to pieces. I don't think there's a whole lot here that regular readers aren't already aware of.

With air power alone, we may have to destroy Baghdad to save it. Link here. The big question: if Baghdad falls, who is "behind" ISIL? Did Iran achieve its goal?

This morning ISIL executed 1,700 students (children, kindergarten, elementary) near an Iraqi air base, filmed it all, and systematically killed every one of them. Some Harvard students say the US is a bigger threat to world peace than ISIL.

For a guy who for six years (and counting) continues to decide whether to approve a single pipeline, world events are moving so quickly, he must think the world is spinning out of control

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From The Williston Wire

World's largest carry-out pizza chain will open store in Williston: Little Caesar's.

High-end, Dickinson-based retailer, Starboard, will host a ceremonial ground-breaking on Monday, October 13th, at 1 p.m. in front of their store site at the Sand Creek Town Centre in Williston. The store expects to be open in time for the 2014 Holiday shopping season.

City of Williston government and business leaders are attending the Ports-to-Plains Alliance Conference this week in Del Rio, Texas and Acuña, Coahuila. The delegation is seeking information about the manufacturing opportunities along the US Highway 85 / Theodore Roosevelt Expressway in North Dakota. 

There could be another 10,844 wells in McKenzie County in the next 13 years. McKenzie County is projected to have 13,500 wells by 2027. To put that growth into perspective, McKenzie County had 2,656 in production in July of this year, while there are now 11,287 producing wells in all of North Dakota. 

The Bismarck Tribune reports high-end crew camps for roughnecks

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