FRACKING MIRACLE: NORTH DAKOTA’S BAKKEN BOOM

The North Dakota Miracle – 1% UNEMPLOYMENT

http://blog.heritage.org/2012/06/19/a-fracking-miracle-north-dakotas-bakken-boom-video/

The Foundry – Heritage – Brandon Stewart – 6/19/2012

That’s what it’s been dubbed by many. The recent boom of the Bakken oil fields—made possible by a perfect storm of sensible state regulations, the often maligned fracking process, and the fact that most drilling is taking place on private lands—has produced a whirlwind of economic growth in a formerly sleepy corner of northwest North Dakota.

North Dakota is only one of many states that is beginning to reap the economic benefits of fracking and other advances in drilling technology to harvest previously inaccessible oil deposits. That is, of course, if the federal government does not disrupt the whole process.

And with signs that the Environmental Protection Agency is gearing up for a bigger regulatory push, those fears are not without merit

. . . quiet pride was characteristic of the people we met. Whether native North Dakotans or transplants from literally every state in the nation, they appreciate the scarcity of the opportunity they have found and the dignity of having a job. As Mayor Koeser says in the video, “Where else in the country do you have 1% unemployment? Where else in the country can you find a good paying job?”

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