The men and women of the American oil industry are facilitating the greatest increase in the availability of life supporting fuel seen in decades. Their prodigious creation of oil—through advancements in horizontal drilling and hydraulic fracturing (fracking) technologies—has stabilized world crude prices, reducing the need for U.S. oil imports and increasing the availability of liquid fuels […]Read More →
Posts tagged with 'North Dakota'
The Nation’s First New Refinery Since 1976 Demonstrates that Industrial Progress is Flourishing in North Dakota
In North Dakota, a state with a 3% unemployment rate, the labor shortage is so great that businesses are now employing international students who have obtained four-month work visas. While many states with two or three times North Dakota’s unemployment rates are eagerly looking for government bail-outs and government-funded “stimulus” packages, North Dakota has embraced […]Read More →
North Dakota’s growing prosperity continues to be on full display for the world this month. As we wrote previously, the state’s freedom to drill for oil has made it the 2nd largest producer of oil in the U.S. Recently, a North Dakota oil official publicly predicted that the state could come close to doubling current oil production to […]Read More →
The shale revolution has resulted in North Dakota becoming the 2nd largest oil producing state, passing both Alaska and California this year. Below is the most recent data (February) from the Energy Information Administration, which highlights the powerful up trending production from both Texas and North Dakota. Alaska and California’s declines are even more startling when […]Read More →