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Laura McRae
Stories written by Laura McRae
28 Year Veteran of the Financial Services Industry, 12 Year Volunteer Business Mentor for SCORE (Service Corps of Retired Executives), BA History & Political Science - Montana State University Bozeman, MBA University of Phoenix

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Z & R Ventures, Inc.

Not a day goes by that I don’t hear of or personally connect with an entrepreneur in the Bakken, the country’s largest shale oil play.  What stands out is the innovation and ideas surrounding this opportunity and how business folks have literally learned how to create lemonade out of the lemons our national economy has dealt them. Z & [...]

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Alert: A Blast From the Past

“Those that cannot remember the past are condemned to repeat it.” George Santayana (1863-1952) While most of us can recall this quote, few know who said it and why.  More importantly few see daily application. Case in Point:  New York based hedge fund, the Clinton Group, has taken active steps to replace the current board of directors [...]

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Too Few Bakken Pipelines

Ron Ness, president of the North Dakota Petroleum Council expressed this week that too few pipelines transporting Bakken Crude from the western North Dakota oil fields is creating a threat to local wildlife.  Approximately 50% of North Dakota’s record oil production is shipped either by rail or truck due to a general lack of pipeline [...]

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Bakken Crude Express Pipeline Derailed

Tulsa, Oklahoma based Oneok Partners LP reported this week that their proposed $1.8 billion oil pipeline from North Dakota to Oklahoma, known as the Bakken Crude Express Pipeline, has been derailed due to the company’s inability to secure enough commitments to transport Bakken crude.  While the overall outlook for crude oil supply is healthy from [...]

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Growth Trend to Continue in the Bakken

A recent study by the North Dakota Housing Finance Agency reflects the state’s already rapidly growing population is expected to grow to almost 842,000 people by the year 2025.  Until the momentum of the Bakken boom, North Dakota’s population had peaked in 1930 at 680,845.  Over the past decade population had declined by almost 6% due to a subsequent farm depression, [...]

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Infrastructure Woes in Sidney

It’s no secret that Bakken boom town Sidney, Montana is facing millions of dollars in infrastructure demands as the oil field development continues to spill over the North Dakota border.  What is somewhat of a secret, or more accurately a general lack of understanding, is that Sidney doesn’t have access to the necessary revenues to [...]

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Corette Coal Power Plant to be Placed In Reserve

Press Release from PPL Montana, September 19, 2012  The effects of pending Environmental Protection Agency regulations combined with economic factors have resulted in a decision announced Wednesday (9/19) by PPL Montana to place the J.E. Corette power plant in Billings into long-term reserve status beginning in April 2015. “Our detailed analysis has shown that to [...]

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Vote for Energy and Natural Resources in Montana

By:  Republican Gubenatorial Candidate, Rick Hill   Energy & Natural Resource: I am not ashamed to call Montana the Treasure State. With an abundance of natural resources that other states can only dream of, Montana has the potential to supply energy and natural resource commodities to our entire nation and the global economy beyond. We [...]

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Governor says Montana Welcomes Oil Industry to State

By Brian Schweitzer, Governor of Montana (Spring 2012): Montana has more potential for diverse energy development – both existing and untapped – than any other state in the nation. Oil, as one of these resources, provides the state with tremendous economic opportunity, creates good jobs here at home, and increases energy security for the nation. [...]

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The New American Dream

With nothing but $600 in his pocket, a 33 year old unemployed construction worker, husband, and father of a 5 year old headed for the Bakken oil fields of North Dakota last summer.  That $600 represented the last of the family savings and it was barely enough to buy the gas and food for the [...]

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