News Features

News Features

TaxFunnies_March

"It's income tax time again, Americans: time to gather up those receipts, get out those tax forms, sharpen up that pencil, and stab yourself in the aorta."

D. Barry

"The wages of sin are death, but by the time taxes are taken out, it's just sort of a tired feeling."

Comedian

This guy walks into the tax auditor's office, the auditor looks at him and says, "Please Mr. Johnson, take a seat. We already own a piece of yours."

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News Features - Funnies

BILLINGS, Mont. (AP) - Following a string of explosive accidents, federal officials say crude oil being shipped by rail from the Northern Plains across the U.S. and Canada may be more flammable than traditional forms of oil.

A safety alert issued by the U.S. Department of Transportation warns the public, emergency responders and shippers about the potential high volatility of crude from the Bakken oil patch. The sprawling oil shale reserve is fueling the surging industry in eastern Montana and western North Dakota, which is now the nation's second-largest oil producer behind Texas. Thursday's announcement from officials declares that the Bakken's light, sweet crude oil may be different from traditional heavy crudes because it is prone to ignite at a lower temperature. Experts say lighter crudes, which contain more natural gas, have a much lower "flash point" — the temperature at which vapors given off by the oil can ignite.

The government's warning comes after a huge explosion on Monday caused by a crude train derailment near Casselton, N.D. No one was hurt, but worries about toxic fumes prompted the evacuation of hundreds of residents from the small eastern North Dakota town.

The oil boom in the Bakken has reduced the nation's reliance on imported oil and brought thousands of jobs to the region. But as companies increasingly rely on trains instead of pipelines to get that oil to lucrative coastal markets, public safety in communities bisected by rail lines has become a major concern.

In July, 47 people were killed in Lac-Megantic, Quebec, when a train carrying Bakken crude derailed. Another oil train from North Dakota derailed and exploded in Alabama in November, causing no deaths but releasing an estimated 749,000 gallons of oil from 26 tanker cars.

By comparison, there was no fire when 10,000 gallons of oil that originated outside the Bakken region leaked after a Canadian Pacific Railway derailment in Minnesota last March. Cleanup crews were able to scoop up much of the spilled crude, which the railway said came from western Canada.

Whether the government's response to the latest derailment will help stave off another accident is uncertain. While safety advocates welcomed the move, others said the warning didn't offer new information.

"It doesn't take a rocket scientist to figure out that Bakken oil is a high-quality crude with a lower flash point — that's what makes it a desired commodity for all these coastal refineries," said Ron Ness, president of the North Dakota Petroleum Council, a Bismarck-based group that represents hundreds of oil industry companies.

Ness added that companies shipping oil from the Bakken already were adhering to federal regulations.

Casselton Mayor Ed McConnell agreed that there was no surprise in the federal government's assessment that Bakken crude may be more volatile.

"The important thing and the intent here is to keep pressure on the federal and state government to make things safer," he added.

The amount of oil moving by rail in the U.S. has spiked since 2009, from just more than 10,000 tanker cars to a projected 400,000 cars in 2013.

Thursday's safety alert resulted in part from results of preliminary tests on Bakken oil to determine just how dangerous it is, said Jeannie Shiffer with the Department of Transportation's Pipeline and Hazardous Material Safety Administration.

To Read More: http://news.yahoo.com/warning-issued-oil-shipped-nd-mont-185942105.html

News Features - Energy News

FEB_OCF_image

"As iron sharpens iron, find healing so one man sharpens another." - Proverbs 27:17

Oil Field Christian Fellowship also known as OCF is a group of fellow oil field christians that have formed groups through out the nation to bring us together for a monthly time of fellowship and getting to know each other. Today OCF luncheons and dinners are held in Canada, ampoule Colorado, Oklahoma, Texas, Louisiana, Wyoming, and Pennsylvania, with more chapters in the making. Here, speakers share how they came to know Christ and what He is doing in their lives. Because of this, thousands of men and women have been encouraged, lives have changed and many have accepted Christ for the first time.

Callender, Inc. as well as many others that are involved in the oil industry are coming together to re-organize a chapter here in the Permian Basin. We want YOU to be the first to know about it and begin getting the word out!

We will follow up with further instruction, dates, times and speakers as we go however, we would like to you to spread the word! Thanks and God Bless!

News Features - Mentor's Corner

Tax_Fun_2

Ambition in America is still rewarded . . . with high taxes. It's too bad for the middle income person. They earn too much to avoid paying taxes and make too little to afford paying them.

Behind every successful man stands a woman and the IRS. One takes the credit, and the other takes the cash.

A "slight tax increase" costs you about $300, while a "substantial tax cut" lowers your taxes by about $30

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News Features - Funnies

Image_5__Ca

by Steve Hargreaves - CNN January 15, 2014

California is sitting on a massive amount of shale oil and could become the next oil boom state. But only if the industry can get the stuff out of the ground without upsetting the state's powerful environmental lobby.

Running from Los Angeles to San Francisco, California's Monterey Shale is thought to contain more oil than North Dakota's Bakken and Texas's Eagle Ford -- both scenes of an oil boom that's created thousands of jobs and boosted U.S. oil production to the highest rate in over a decade.

Read More: http://money.cnn.com/2013/01/14/news/economy/california-oil-boom/index.html

News Features - Energy News

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