Thursday, August 04, 2005

Dakota Boys Bring More Energy to ND

The Fargo Forum recently discussed the much debated energy bill that recently passed. This bill has big promise for ND. The bill will help create and sustain renewable energy sources like ethanol and wind power. And as we all know in ND, we certainly have more than enough wind!

Our Dakota Boys worked hard to secure funding for the state. Conrad added a provision that provides federal loan guarantees for a proposed $750 million coal-to-liquid transportation fuels plant in North Dakota. Again, this is huge for our state’s economy.

The ethanol industry also gets a big push because the bill says that motorists will have to use 7.5 billion gallons of ethanol by 2012. This helps boost the industry by doubling production. This will also promote the construction of more ethanol plants in ND, which means more jobs for North Dakotans. Also, the new federal standard regarding e-85 will help the industry gain a much stronger foothold in our region.

Here are other boosts for our state:

  • DMI Industries in West Fargo – which specializes in the wind energy industry - will be directly assisted by this bill because their tax credit will be extended.
  • The Williston Basin is slated to receive $30 million to boost oil production.
  • UND will also received grant money for this Energy and Environmental Research Center for research in a variety of energy resources.
  • Coal and coal-fired power industries will benefit from generous tax credits for companies adopting clean coal technologies .

This energy bill will certainly boost our state’s economy and help create more jobs for North Dakota. In the words of the Fargo Forum “That's a credit to North Dakota's congressional delegation.”