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For North Dakota's Bakken boom how high is up?

GasBuddy Blog -- If you're living in a state that has had high unemployment and sluggish economic recovery, it's understandable if you're a bit jealous of our folks in North Dakota.

Their economy is in overdrive and the biggest problem they have is that they can't build new infrastructure and housing fast enough to accommodate all the new workers who've migrated there to cash in on the Bakken oil boom.

North Dakota oil production demolished previous records in oil production for December 2012.

The latest numbers released last Friday by the state’s Department of Mineral Resources showed the state produced 768,800 barrels of oil a day for December. Eight years ago production there was under 100,000 barrels a day.


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Submitted Mar 20, 2013 By: PD
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Author Topic: For North Dakota's Bakken boom how high is up? Back to Topics
REPLIES (newest first) Post a Reply
honda0105
Champion Author Tallahassee

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Message Posted: Mar 23, 2013 6:54:29 AM

everything that goes up must come down eventually. The higher the high, the lower the low.
livedream
Champion Author Michigan

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Message Posted: Mar 21, 2013 8:19:13 PM

Good for North Dakota. Hope it doesn't go bust.
myambro
Champion Author Sacramento

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Message Posted: Mar 21, 2013 3:41:54 PM

Thank goodness it's not in a blue state.
sydb7
Champion Author Atlanta

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Message Posted: Mar 21, 2013 3:17:04 PM

how low is low? what happens after the boom - bust?
caddilac
Champion Author Ontario

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Message Posted: Mar 21, 2013 2:59:26 PM


Interesting.
DeeLA
Champion Author Los Angeles

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Message Posted: Mar 21, 2013 2:55:21 PM

Old news.
danreino
Champion Author Twin Cities

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Message Posted: Mar 21, 2013 2:20:15 PM

The next "Saudi Arabia"...
Johnny907
Champion Author Alaska

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Message Posted: Mar 21, 2013 2:20:12 PM

Similar to Alaska back in the mid-70's...
Tralp
Champion Author North Carolina

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Message Posted: Mar 21, 2013 2:17:36 PM

Just remember not to over build now. Everyone can disappear in a few years.
HA4CNN
Champion Author Toronto

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Message Posted: Mar 21, 2013 2:15:01 PM

Good luck.
jnseyeongas
Champion Author Milwaukee

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Message Posted: Mar 21, 2013 2:14:47 PM

ok
Lairre
Champion Author Sacramento

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Message Posted: Mar 21, 2013 2:14:27 PM

Good for ND.
VetteFan
Champion Author Indiana

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Message Posted: Mar 21, 2013 2:12:30 PM

Prosperity is fleeting. May they make the most of a good thing.
autohio
Champion Author Ohio

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Message Posted: Mar 21, 2013 2:11:57 PM

Sky's the limit?
95Vette
Champion Author Missouri

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Message Posted: Mar 21, 2013 2:10:51 PM

Hopefully ND can continue to enjoy the prosperity.
arnerator
Champion Author Seattle

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Message Posted: Mar 21, 2013 2:10:48 PM

What a life saver that has been.
RalphHightower
Champion Author South Carolina

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Message Posted: Mar 21, 2013 2:09:17 PM

It's gonna be bust for ND when Bakken goes dry... But let the good times roll while they can.
GryphonX
Champion Author Nevada

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Message Posted: Mar 21, 2013 2:08:55 PM

Amazing what domestic production can do for the economy! Take the hint!
aomori
All-Star Author Twin Cities

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Message Posted: Mar 21, 2013 2:08:54 PM

Good for them. I lived in ND all those years with the bad economy aND move away aND now they're doing well. Figures.
wshutton
Champion Author Albuquerque

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Message Posted: Mar 21, 2013 2:08:14 PM

Hopefully, the question "How low is down?" will be a long slow way off.
GGAlbo
Champion Author Detroit

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Message Posted: Mar 21, 2013 2:02:24 PM

Good job North Dakota!
TRAIN RIDER
Champion Author San Bernardino

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Message Posted: Mar 21, 2013 2:01:48 PM

It is good for them, and with no help from Obama.
julius1st4
Champion Author Ontario

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Message Posted: Mar 21, 2013 2:01:35 PM

3 days old
mrservonics
Champion Author Boston

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Message Posted: Mar 21, 2013 2:00:43 PM

Til every drop is squeezed out of the ground! Then?
Alfied
Champion Author Riverside

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Message Posted: Mar 21, 2013 2:00:00 PM

BUBBLE!! Just watch.
LQQKGAS
Champion Author Phoenix

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Message Posted: Mar 21, 2013 1:58:37 PM


How high is too high?
milespergallon
Champion Author Illinois

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Message Posted: Mar 21, 2013 1:54:09 PM

Yesterday's article, get on with it
1Casey
Champion Author Albany

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Message Posted: Mar 21, 2013 1:51:25 PM

good?
tomok
Champion Author Portland

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Message Posted: Mar 21, 2013 1:50:11 PM

North Dakota's Bakken boom how high is up? If your state has the resources that are in demand with the low unemployment associated with it and has a boom economy, how high can it be? To those experts that mentioned 'peak oil' and others that push items like solar panels, EV's, Inbreds - what do you say now?
It's North Dakota's crude oil and natural gas, shouldn't they benefit as much as possible from the exploration and sale of their resources? Once the crude oil and natural gas resources start to die out and the deposits 'dry up,' the economy will likely go back to the way it was before the boom.
Good for North Dakota, enjoy it while it lasts.
Take care of the domestic fuel market first and above all else before exporting and selling fuel or natural gas to other countries or markets!
Working in North Dakota is one frozen hard popsicle in the winter and no where to go!
Drive vehicles with high MPG, are very safe, reliable, has a ‘reasonable’ cost and a good ‘value’ for the money.
The price of fuel at the pump is too high!
calwdstk
Champion Author Atlanta

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Message Posted: Mar 21, 2013 1:49:27 PM

Keep it up,maybe the ideas will grow and other states will follow. Don't wait on the Government, else you have nothing.
CPGas1815
Champion Author Michigan

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Message Posted: Mar 21, 2013 1:49:03 PM

Sure North Dakota is having an oil boom. But at what cost to the environment?
Grismer
Champion Author Kitchener-Waterloo

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Message Posted: Mar 21, 2013 1:48:31 PM

North Dakota finally got a break. Now, let's see if this state uses it wisely.
mstearno
Champion Author Dayton

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Message Posted: Mar 21, 2013 1:48:10 PM

keep it up
rippertoo
Champion Author Tacoma

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Message Posted: Mar 21, 2013 1:47:25 PM

Time will tell.
divebomber
Champion Author Nebraska

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Message Posted: Mar 21, 2013 1:46:54 PM

YESTERDAYS NEWS!
Julassa
All-Star Author Akron

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Message Posted: Mar 21, 2013 1:46:14 PM

Well at least they can enjoy it while it lasts.
idigau22
Champion Author Washington

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Message Posted: Mar 21, 2013 1:45:15 PM

All good things come to an end! The boom won't last forever!
bigLtowing
Champion Author Columbus

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Message Posted: Mar 21, 2013 1:43:59 PM

now find away to refine it
repeater1
Champion Author Topeka

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Message Posted: Mar 21, 2013 1:43:36 PM

Good for them.
Royski
Champion Author Los Angeles

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Message Posted: Mar 21, 2013 1:42:14 PM

I hope North Dakota, and its people, are wise enough to stash
oodles of this windfall away (sovereign state fund anyone?).
It will peter out at some point.
JWHITE1937
Champion Author Massachusetts

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Message Posted: Mar 21, 2013 1:41:05 PM

Boom til oil runs out or an alternative becomes less expensive!
brian1145
Champion Author Quad Cities

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Message Posted: Mar 21, 2013 1:38:31 PM

All they need now is more refinery capacity.
gumbyrex
Champion Author Fresno

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Message Posted: Mar 21, 2013 1:36:20 PM

What goes up must someday come down. Just like a ponzi scheme it can't go up forever.
cateyes8264
Champion Author Tennessee

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Message Posted: Mar 21, 2013 1:36:17 PM

old news again
dieselme2011
Champion Author British Columbia

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Message Posted: Mar 21, 2013 1:34:59 PM

Good to hear.
GasSpy007
Champion Author New York City

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Message Posted: Mar 21, 2013 1:34:32 PM

Go for it..
zaq001
Champion Author Atlanta

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Message Posted: Mar 21, 2013 1:33:44 PM

Good for North Dakota. Their boom will probably follow the fate of those in Texas and Oklahoma.
jobo74
Champion Author Ontario

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Message Posted: Mar 21, 2013 1:33:21 PM

awesome!!!
RAC110
Champion Author Massachusetts

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Message Posted: Mar 21, 2013 1:32:32 PM

glad that some people are doing better nowadays
OnABudget1
Champion Author Salinas

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Message Posted: Mar 21, 2013 1:32:23 PM

Wait & see
joekool1
Champion Author Toledo

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Message Posted: Mar 21, 2013 1:29:11 PM

and its ll american
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