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Editorial: Winners and losers in the oil bust

The recent plunge in oil prices is great news for almost everyone. Motorists pay less at the pump for gas; airlines save money on jet fuel; retailers are likely to profit from the estimated $130 billion consumers will have to spend on other stuff. The economy should grow a bit faster, too. The trade balance will improve, since the United ...

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Editorial: More help needed to fight sex trafficking

While sex trafficking and sexual exploitation are not new challenges to law enforcement, there is no doubt they’ve become more visible in recent years. For example, Assistant Stearns County Attorney Shan Wang said just last week his office took part in the first local trial he can remember for a “john” — a man accused of paying for sex. Wang, ...

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EDITORIAL: It’s time to finally end fracking war

For all we know, there are die-hards out there who are still keeping their Confederate money just in case the South rises again. Nearly as absurd was what occurred last week at a meeting of the Otsego County Board of Representatives in which Rep. Kathy Clark, R-Otego, retained her chairmanship. Clark was challenged by Rep. James Powers, R-Butternuts, who hoped ...

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Editorial: The opponents of fracking, Keystone Pipeline hurt poor

oil and money

Gas prices dropped to $1.55 a gallon Monday in parts of Colorado Springs, continuing a much-needed and long-overdue break for average consumers. None benefit more than the working poor. Spending less than half as much on fuel as a year ago, they have more money for food, shelter, clothing and entertainment. It’s not the result of price controls, which proved ...

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EDITORIAL: Attack sex trafficking across all state lines

A special investigative television report on sex trafficking in North Dakota’s Bakken oil region and the Midwest Sunday wrapped up Forum News Service’s multi-media investigative project. The print and online series concluded Saturday in Forum Communication Co.’s daily newspapers in the upper Midwest. Keven Wallevand’s half-hour examination of trafficking was televised on TV stations WDAY and WDAZ in North Dakota ...

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EDITORIAL: Make the most of oil price drop

SEOUL (The Korea Herald/ANN) — The recent plunge in global oil prices is increasing uncertainties in the global economy. There are both positive and negative aspects of the rapid drop in oil prices, and there are conflicting forecasts about their future movement. What seems to be certain, however, is that oil prices will remain low for a long time. The ...

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State regulators should bow to calls for audits

Rep. Kenton Onstad, a Democrat representing the Parshall area in North Dakota’s state House, has introduced a bill which would mandate an audit for the North Dakota Health Department as well as the Oil and Gas Division of the Industrial Commission. With the legislation Onstad is seeking to force an audit of the two state departments with the most oversight ...

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EDITORIAL: Ruling strikes balance on fracking


Supporters and opponents of leasing Pennsylvania’s state forest lands for oil and natural gas production each came away with half a loaf Wednesday from a Commonwealth Court decision challenging state executive and legislative authority, and the use of funds from existing leases. The decision, now under appeal by the Pennsylvania Environmental Defense Foundation, struck a welcome balance on the controversial ...

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U.S. oil production will be falling by end of 2015: Kemp

(John Kemp is a Reuters market analyst. The views expressed are his own) LONDON, Jan 7 – Unless prices recover, U.S. oil production will start falling before the end of 2015 as new drilling is insufficient to replace declining output from wells completed in 2013 and 2014. Future production depends on the rate of decline from existing wells (known as ...

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