oil shortage

Energy Economists Warn NDIC To Vote No On ND Oil Production Cuts

They warn forcing producers to cut production will not stabilize prices for producers.

BISMARCK, N.D. – The North Dakota Industrial Commission will vote tomorrow on if the state should mandate production cuts for oil producers. Economists are warning them to vote no. They warn forcing producers to cut production will not stabilize prices for producers. They also say storing oil is not a financial issue for North Dakota producers, as they already utilize…