Skip to comments.Why North Dakota Is Booming
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 oilestimated by the state's Department of Mineral Resources at least 4.3 billion barrelsthey 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 ...
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”?
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.
Go north young man.
Is it because of Obama's so-called 'Stimulus' bill?
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.
Held in check by well placed dead presidents would be my first guess.....
A tad too cool in the winter for me.
I’d like to move there if I could get a job first...any thoughts?
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. :)
Not to be a party pooper, but is any of this due to a transfer of wealth from taxpayers to farmers?
“Why hasn’t the EPA put a stop to this?” Give it time. Also, wait until the environmental whackos go to court?
Good, Short, article, well worth your time.
There be drilling in dem dar hills!
There are two seasons: Winter and Road Repair.
In North Dakota, by contrast, even the state's Democratssuch as Sen. Kent Conrad and former Sen. Byron Dorgantend 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.
That's very old fashioned as the latest liberal trend is to rob everyone and give it to the non-working.
Answer: not run by Democrats
Are you a young man? ggg
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..
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