In North Dakota, countdown looms for $5.3 billion oil tax break
December 19, 2014 at 07:00 AM EST
BISMARCK, N.D., Dec 19 (Reuters) - Tumbling U.S. oil markets hit an important if obscure milestone on Thursday, closing for the first time at a price that could trigger a $5.3 billion, two-year tax break for North Dakota oil drillers as soon as next summer.