Quantum Energy Poses Puzzle

Quantum Energy Inc., a company that made inquiries a couple of years ago about the possibility of locating a small refinery near Billings, only to fade away after some criticism from environmental groups, was the subject of an editorial comment by Dennis Blank publisher of the Oil Patch Hotline.

Read more: Quantum Energy Poses Puzzle

About the pipeline...

It has been disappointing to see how many media folks got suckered into the false propaganda put out by the protestors [of the pipeline in North Dakota] and never bothered to check out who was really behind this agitation fomented by anarchists.

Read more: About the pipeline...

FedEx Seeks Applications for Grant Contest

FedEx is launching its Fifth Annual Small Business Grant Contest and has begun accepting applications for a total prize pool of $120,500.

The contest offers grants and services to ten small businesses. The winners will also receive an additional dollar amount in credit to use towards FedEx Office print and business services. Awards include:

  • l Grand prize: One winner of $25,000, plus $7,500 in FedEx Office services
  • l Silver prize: One winner of $15,000, plus $5,000 in FedEx Office services
  • l Bronze prize: Eight winners of $7,500, plus $1,000 in FedEx Office services

Last year’s grand prize winner was Ginjan Bros., a small business that develops and brings to market traditional African drinks, and is run by two entrepreneurial brothers originally from West Africa. Through the $25,000 grant, Ginjan Bros. was able to ramp up production and produce enough inventory to support expanded distribution. The 2017 FedEx Small Business Grant Contest is open to U.S.-based for-profit small businesses with fewer than 99 employees and operating for six months or more. To enter, visit www. fedex.com/ grant contest and enter their contact information, write a short profile about their business and upload four photos of their business or product, including their logo. Entries accepted thru March 29, with voting to take place from March 1 to April 5, 2017. Over the past four years, 13,000 businesses have entered the contest in the U.S. alone. The contest has expanded to nine countries and the grant pool for the U.S. has grown from $50,000 to more than $120,000 in total prizes.

Job Surge in Bakken

There has been a sudden surge in job openings in the Bakken - particularly for hydraulic fracturing and completion crews - as companies ramp up to put more wells on line in the first half of 2017, reports Oil Patch Hotline. Pay scales are running between $16 and $30 an hour.

Read more: Job Surge in Bakken

Business News from Across the Country

Home Sales Rise
US home sales rose in October to their highest level in more than nine and a half years according to the National Association of Realtors. The increase comes “amid pent-up demand, offering more evidence of a pickup in economic growth in the fourth quarter, but a recent surge in mortgage rates could slow housing market activity. The NAR said existing home sales increased 2.0 percent to an annual rate of 5.6 million units last month, the highest level since February 2007. Meanwhile, September’s sales pace was revised up to 5.49 million units from the previously reported 5.47 million units.

Read more: Business News from Across the Country

$221 Billion Pet Industry

The pet industry generated more than $221 billion in direct, indirect and induced economic impact, according to a new study conducted by George Mason University. The economic analysis also showed the pet industry supported over 1.3 million U.S. jobs in 2015 that paid more than $60 billion in salaries, wages and benefits.

Read more: $221 Billion Pet Industry

Truckers Deliver Christmas

During the holiday season, Executive VP of Motor Carriers of Montana, Barry “Spook” Stang emphasized the importance of the trucking industry to “deliver the holidays.” When more than 100 million drivers are on the road this season – as AAA forecasted for year-end holidays last year – they’ll be driving alongside nearly 3.5 million professional truck drivers, with 6,210 drivers in Montana alone. That’s why professional truck drivers are trained and dedicated to ensuring the safety of all motorists, said Stang, and why the industry as a whole invests $9.5 billion each year in safety.

Read more: Truckers Deliver Christmas

Market Update

1 DOW 20,710.10
+50.78 (0.25%)    
2 S&P 2,367.09
+5.96 (0.25%)    
3 NASDAQ 5,908.22
+10.68 (0.18%)    
4 MDU 27.01
-0.15 (-0.55%)    
5 SWC 17.30
-0.05 (-0.26%)    
6 EBMT 19.95
-0.25 (-1.24%)    
7 FIBK 40.05
+1.10 (2.82%)    
8 GBCI 34.11
+1.38 (4.22%)