After years of fighting with local governments for permission to expand gas production, this producer has shut in its wells. “Lenape said it leases drilling rights on about 5,050 acres in the town, pays the owners $13,000 a year in gas royalties and provides them $65,000 a year in free gas.” With the wells shut in the town must look for new gas …
North Dakota’s Economic Stimulus
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 the ultimate stimulus–a high degree …