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Why North Dakota Is Booming
New Geography ^ | 3-14-11 | Joel Kotkin

Posted on 03/15/2011 8:20:03 AM PDT by Tom Rounder

Living on the harsh, wind-swept northern Great Plains, North Dakotans lean towards the practical in economic development. Finding themselves sitting on prodigious pools of oil—estimated by the state's Department of Mineral Resources at least 4.3 billion barrels—they are out drilling like mad. And the state is booming.

Unemployment is 3.8%, and according to a Gallup survey last month, North Dakota has the best job market in the country. Its economy "sticks out like a diamond in a bowl of cherry pits," says Ron Wirtz, editor of the Minneapolis Fed's newspaper, fedgazette. The state's population, slightly more than 672,000, is up nearly 5% since 2000.

(Excerpt) Read more at newgeography.com ...


TOPICS: Government
KEYWORDS: bakken; energy; growth; oil
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The triumph of North Dakota.
1 posted on 03/15/2011 8:20:05 AM PDT by Tom Rounder
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To: Tom Rounder

Why hasn’t the EPA put a stop to this? People are thriving. Capitalism is booming. There are jobs there. Where’s the “We’re from the government and we’re here to help”?


2 posted on 03/15/2011 8:22:47 AM PDT by BipolarBob (I'm madder than a Charlie Sheen hatter Questions? Call 1-800-CharlieSheen)
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To: Tom Rounder

A big part of ND’s success involves that state-owned bank. Public banking is one of a small handful of issues which conservatives and republicans need to be on top of in the near term.


3 posted on 03/15/2011 8:23:04 AM PDT by wendy1946
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To: Tom Rounder

Go north young man.


4 posted on 03/15/2011 8:23:05 AM PDT by DManA
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To: Tom Rounder
Why North Dakota Is Booming

Is it because of Obama's so-called 'Stimulus' bill?

5 posted on 03/15/2011 8:26:53 AM PDT by Hoodat (Yet in all these things we are more than conquerors through Him who loved us. - (Rom 8:37))
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To: Tom Rounder

Just last year, they replaced two of the three Democrats in their congressional delegation. The last one, Comrade Conrad, has already announced he will not be running for re-election.


6 posted on 03/15/2011 8:28:29 AM PDT by Vigilanteman (Obama: Fake black man. Fake Messiah. Fake American. How many fakes can you fit in one Zer0?)
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To: BipolarBob
Where's the “We’re from the government and we’re here to help”?

Held in check by well placed dead presidents would be my first guess.....

7 posted on 03/15/2011 8:31:25 AM PDT by Thermalseeker (The theft being perpetrated by Congress and the Fed makes Bernie Maddoff look like a pickpocket.)
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To: DManA

A tad too cool in the winter for me.


8 posted on 03/15/2011 8:33:50 AM PDT by Pecos (Liberty and Honor will not die on my watch.)
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To: Tom Rounder

I’d like to move there if I could get a job first...any thoughts?


9 posted on 03/15/2011 8:34:10 AM PDT by stefanbatory (Insert witty tagline here)
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To: Tom Rounder

Good for them!

On the flip side, you have to live where the wintertime temperatures are colder than a welldigging witch’s brass monkey bra, so no thanks. :)


10 posted on 03/15/2011 8:35:33 AM PDT by Constitution Day
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To: Tom Rounder

Not to be a party pooper, but is any of this due to a transfer of wealth from taxpayers to farmers?


11 posted on 03/15/2011 8:36:37 AM PDT by Pining_4_TX
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To: BipolarBob

“Why hasn’t the EPA put a stop to this?” Give it time. Also, wait until the environmental whackos go to court?


12 posted on 03/15/2011 8:37:32 AM PDT by Old Retired Army Guy
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To: Tom Rounder

Good, Short, article, well worth your time.


13 posted on 03/15/2011 8:38:18 AM PDT by faucetman (Just the facts ma'am, just the facts)
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To: Pining_4_TX
Not to be a party pooper, but is any of this due to a transfer of wealth from taxpayers to farmers?

There be drilling in dem dar hills!

14 posted on 03/15/2011 8:39:01 AM PDT by frogjerk (I believe in unicorns, fairies and pro-life Democrats.)
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To: Pecos

There are two seasons: Winter and Road Repair.


15 posted on 03/15/2011 8:40:13 AM PDT by savedbygrace (But God.)
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To: Tom Rounder
WTF???

In North Dakota, by contrast, even the state's Democrats—such as Sen. Kent Conrad and former Sen. Byron Dorgan—tend to be pro-oil. The industry services the old-fashioned liberal goal of making middle-class constituents wealthier.

Obie and the Washington progs need to step in and put a stop to this PRONTO!!
We need to have a managed decline don'tcha' know.

16 posted on 03/15/2011 8:40:40 AM PDT by YankeeReb
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To: Tom Rounder
The industry services the old-fashioned liberal goal of making middle-class constituents wealthier.

That's very old fashioned as the latest liberal trend is to rob everyone and give it to the non-working.

17 posted on 03/15/2011 8:41:26 AM PDT by frogjerk (I believe in unicorns, fairies and pro-life Democrats.)
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To: Tom Rounder

Answer: not run by Democrats


18 posted on 03/15/2011 8:41:48 AM PDT by therightliveswithus
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To: Pecos

Are you a young man? ggg


19 posted on 03/15/2011 8:42:36 AM PDT by DManA
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To: Tom Rounder

Just wanted to add one minor point..Most economists consider anything under 4% as effectively ZERO unemployment..because there are always a certain number of people, who, for various reasons NOT related to economic conditions, are out of work at any one time..


20 posted on 03/15/2011 8:42:38 AM PDT by ken5050 (Admin Moderators rule!!!!)
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