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Oil Jobs Being Slashed

Nov 28, 2010
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RT just ran a bit on the tanking oil-dependent economy in N.Dakota. The analyst went on to say that some 250K oil-industry jobs have already been cut world wide, including 50K in Texas. With many more cuts expected.

Iran announced it will be producing 500K more barrels of oil daily. The price dropped below $29 in response.

Canada reportedly only gets $9 a barrel for its dirty tar sands oil. Presumably other places with such dirty oil - Venezuela, for example - are also being slammed.
 
Be careful what you wish for... you and your ilk would love a world with no gasoline based engines, but what you don't realize is the INCREDIBLE amount of everyday things that require the tiny part of the barrel of oil that doesn't get refined into gas, diesel, motor oil etc...

There will be NO incentive to refine 1 barrel of oil when 95% will be useless...
 
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The reality is that only Gov make oil 'rare'...oil and gas are all over the place.

Right now SA is punishing Iran since we won't...and trying to set back fracking.

BUT what they don't get is that even if small oil companies go out they'll pop back up when prices rise. Fracking isn't going away. And given our Iran policy they're not either. SADLY.
 
On the bright side, there will be a lot less raping going on

In addition to the environmental impacts, oil extraction projects can have devastating social consequences. The North Dakota oil boom has attracted thousands of workers ready to take advantage of some of the highest employment rates in the nation. In order to house this new and semi-transient workforce — workers often work 12 hours days for two week stretches — company housing units have sprung up. These are huge swaths of land covered with trailers, often without running water or electricity, and populated almost entirely by men. They’ve become known as “man camps.”

This enormous influx of non-Native men — who are often inexperienced workers putting in dangerously long hours at risky jobs — has lead to a horrifying increase in violence against Native women. Nationally, Native American women experience sexual violence at a rate that is 2.5 times that of any other women; eighty-six percent of the time, their assailants are non-native. But North Dakota now has the eighth highest incidence of rape in the country, and to read accounts from Fort Berthold residents, sexual violence is becoming increasingly normalized.

This is particularly problematic given that up until this year, Native Americans could not arrest or prosecute non-Natives who committed crimes on tribal land. Only a federally certified agent could arrest a non-Native person who committed a crime against a Native person, which too often meant that rapists and abusers simply went unpunished. In 2011, only 65 percent of rapes reported on reservations were prosecuted by the U.S. Justice Department.

However, in April of this year the newly reauthorized Violence Against Women Act went into effect, allowing tribal courts to investigate non-Native men who abuse Native women on reservations. This is a big step towards justice, but rape and intimate partner violence continue to be underreported, a fact which is compounded on rural reservations with under-resourced tribal law enforcement.
 
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