Showing posts with label North Dakota. Show all posts
Showing posts with label North Dakota. Show all posts

Tuesday, February 9, 2016

North Dakota Grain Terminal Goes GMO-Free To Meet Consumer Demand


Captain Drake LLC has acquired a million-bushel terminal with dedicated rail cars that will be used exclusively for the holding and transport of GMO-free grains.
Agriculture is what keeps North Dakota alive. Agriculture literally makes the state’s leading source of revenue. To be exact, approximately 90% of the state has incorporated farms and ranches because their commodity is wheat.
Because northern states are so traditional. It can be surprising to see when food markets decide to keep up with new trends. For instance, a northern state investing in a GMO-free grain plant.
Regarding this, GMO-Free Report indicates the Captain Drake LCC has obtained a million-bushel terminal which incorporates the use of rail cars which will be utilized for the transporting of the GMO-free grains they have invested in.
Contemporarily, mega-food corporations can now be relieved in knowing that the product they purchase is no longer contaminated with GM chemicals or anything that can alter the natural state of the product.
The private investment firm, Killer Whale Holding, led by Mark Anderson, President of Captain Drake, inferred that the new facility is strategically located to handle the burgeoning demand for non-GM grains.
 “By providing growers and end-users with this key facility, Captain Drake will consolidate and streamline the sourcing of  non-GM grain in the Red River Valley,” he says. “We will be able to obtain the best non-GMO commodities from three regions: North Dakota, Minnesota, and Manitoba, Canada.”
Another benefit of the grain terminal is that non-GMO foods will soon be locally found without the need for importation to take place.
Due to this upbringing, it will definitely give Captain Drake LLC an advantage over its competition.
Said spoke:
“There are a lot of things happening behind the scenes in the marketplace with big companies going non-GMO. Initially, this was not a direction they really wanted to go into because they didn’t know the availability of non-GMO ingredients. But for the last two years, they have been trying to get a handle on it and changeover (to Non-GMO).”
In fact, Anderson projects that “the next big boom in North Dakota won’t be oil, but non-GMO and identity preserved corn and soybeans.”
 “The supply chain needs to be tightened up and moved domestically,” he said. “We consider this to be another strategic asset for our food and beverage clients seeking suppliers committed to guaranteeing the integrity and purity of non-GMO commodities throughout the supply chain.”
Because this is impacting many, the facility has said to support any food companies that are interested in switching their products for non-GMO reliant products.
The US and Canada still have no mandatory laws, however, more than 64 countries do. We must expect drastic change as 89% of American consumers continuously year to know more about GMOs and why they exist in their food.

Monday, January 18, 2016

Negative Oil Prices Arrive: Koch Brothers' Refinery "Pays" -$0.50 For North Dakota Crude

http://www.zerohedge.com/news/2016-01-18/negative-oil-prices-arrive-koch-brothers-refinery-pays-050-north-dakota-crude
Tyler Durden's picture


Do you have some extra space in your garage or attic? Or perhaps you own an oil tanker you aren’t currently using. Or maybe you have a storage unit that’s got a little extra room next to an old mattress and box springs.
If so, you may want to call up oil producers in North Dakota and ask if they’d care to send you some free oil, because the crude glut is now so acute that the Koch brothers are actually charging $0.50/bbl to take low grade oil at their Flint Hills Resources refining arm.
North Dakota Sour is a high-sulfur grade of crude and “is a small portion of the state’s production, with less than 15,000 barrels a day coming out of the ground,” Bloomberg notes, citing John Auers, executive vice president at Turner Mason & Co. in Dallas. “The output has been dwarfed by low-sulfur crude from the Bakken shale formation in the western part of the state, which has grown to 1.1 million barrels a day in the past 10 years.”
High-sulfur grades are more expensive to refine and thus fetch lower prices at market. As Bloomberg goes on to note, “Enbridge stopped allowing high-sulfur crudes on its pipeline out of North Dakota in 2011, forcing North Dakota Sour producers to rely on more expensive transport such as trucks and trains [and] the price for Canadian bitumen -- the thick, sticky substance at the center of the heated debate over TransCanada Corp.’s Keystone XL pipeline -- fell to $8.35 last week, down from as much as $80 less than two years ago.”
So there you have it. The global deflationary supply glut has now reached the point that the market is effectively forcing producers to pay to give their oil away or else see it sit in bloated storage facilities until Riyadh decides enough is enough and until the world comes to terms with the return of Iranian supply. In other words, for some US producers the business isn't just loss making, it's an exercise in sadomasochistic futility.
Meanwhile, MLP Plains All American is quoting Colorado Southeastern, Nebraska Intermediate, Eastern Kansas Common Special, and Oklahoma Sour at just $16.50/bbl, $16.00/bbl, $12.20/bbl, and $13.50/bbl, respectively.
The message for the Wells Fargos and Citis of the world: you're going to need a bigger loan loss reserve.
It's no wonder the Dallas Fed suspended mark-to-market on energy debts - there's no market to mark to.

Monday, August 31, 2015

First State Approves Drones with Rubber Bullets, Tasers, Pepper Spray, Tear Gas, Sound Cannons for Domestic Use

North Dakota has become the first state to approve government use of drones equipped with “less than lethal weapons”, including “rubber bullets, pepper spray, tear gas, sound cannons, and Tasers”.
The bill passed largely due to the inherent corruption of the US political system, as the wording was modified to allow for weaponized drones and approved “thanks to a last-minute push by a … lobbyist representing law enforcement—tight with a booming drone industry”.
The Republican who originally proposed the bill had written it to ban all weaponization of drones, and he was dismayed that it ultimately passed in a form that allows non-lethal weaponization.
Police claim the drones will only be used in “non-criminal” situations, such as surveillance, but did not mention that they have already been used in at least one criminal situation, or that the claim is dubious at best given the ultra-militarized and brutal state of policing in the US, which many, particularly those in ethnic minority groups, liken to military occupation.
A police deputy, explaining why he opposed requiring search warrants for use of drones, told Daily Beast that “you don’t want things that would potentially have a chilling effect on [drone] manufacturers”.
“It’s really all about the commercial development,” said Republican rep. Gary Paur.
As Daily Beast puts it, “In other words, limit civil liberties so Big Drone can spread its wings.”
Of course, there is a bit more to it than that, as numerous US crackdowns on pro-democracy protesters, including mass arrests of civilians and journalists, demonstrate.
@_DirtyTruths