[katana]

Somebody should tell that to the State of North Dakota. They are suffering under the delusion that they’re in a boom.

[scooby321]

http://www.startribune.com/business/166656556.html

[Ben Ficklin]

In ND the drilling is on private land so neither the feds or the state earn a royalty.

OTOH, that is economic activity that generates income and the feds levy an income tax on that.