oil

Plus, if you think gas prices are high now, imagine if President Joe Biden and Congressional Democrats had their way. In the past year alone, Biden and the Democrats proposed 17 additional taxes on made in America energy.

They keep making it harder

There is a reason we call is Rare Earth Minerals.

Aside from natural gas, what else is brought to the surface when we drill for oil? Water. A lot of it. That's what makes a company eyeing a move to Billings, Montana even more interesting- they're able to take the wastewater from the oil fields and turn it into useable water for agricultural irrigation.

School officials from multiple states are calling on President Joe Biden to reverse his ban on oil and gas leases on federal lands. Montana's Superintendent of Public Instruction Elsie Arntzen (R-MT), signed on to a letter along with public school representatives in Wyoming, North Dakota, Utah, and Alaska.

She's on the record opposing fracking. She's on the record opposing oil and gas drilling on federal land. She's on the record opposing pipelines. And, she couldn't even answer basic questions about wildlife management. She also happens to be President Biden's pick to head up the Interior Department and oversee hundreds of millions of acres of federal land.

Well played sir!

American oil and gas drilling has dropped to the lowest level since 1949, but don't be too dismayed- the price should rebound by the end of the year, according to at least one investor.

Nearly two years ago, the North Dakota rig count had doubled from 2016. Earlier this year, despite the takedown of Iranian terror leader Qassem Soleimani, oil prices remained relatively stable following a tension in international relations that could have caused long lines at the gas pumps in the 1970s. Then, last month we saw a massive drop in oil prices designed to force American producers out of the market.

So if -$37 was the price of oil on the WTI, what were producers in places like Baker and Shelby, Montana getting for their oil? At least ten dollars worse according to Alan Olson with the Montana Petroleum Association. He joined us on Tuesday's Montana Talks.