Not Logged In Log In   Sign Up   Points Leaders
Follow Us    5:57 PM

GasBuddy News Article

59
votes
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.


Read the Full Article

Submitted Mar 20, 2013 By: PD
Category: GasBuddy Official Blog > Topics Add to favorite topics   Post new topicPost New Topic
Author Topic: For North Dakota's Bakken boom how high is up? Back to Topics
REPLIES (newest first) Post a Reply
Profile Pic
honda0105
Champion Author Tallahassee

Posts:21,418
Points:1,939,065
Joined:Nov 2008
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.
Profile Pic
livedream
Champion Author Michigan

Posts:5,460
Points:1,081,595
Joined:Mar 2011
Message Posted: Mar 21, 2013 8:19:13 PM

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

Posts:3,929
Points:1,332,270
Joined:Mar 2005
Message Posted: Mar 21, 2013 3:41:54 PM

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

Posts:4,677
Points:2,190,790
Joined:Mar 2003
Message Posted: Mar 21, 2013 3:17:04 PM

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

Posts:18,454
Points:2,468,680
Joined:Apr 2007
Message Posted: Mar 21, 2013 2:59:26 PM


Interesting.
Profile Pic
DeeLA
Champion Author Los Angeles

Posts:6,415
Points:1,687,515
Joined:Nov 2008
Message Posted: Mar 21, 2013 2:55:21 PM

Old news.
Profile Pic
danreino
Champion Author Twin Cities

Posts:9,640
Points:1,786,830
Joined:Mar 2008
Message Posted: Mar 21, 2013 2:20:15 PM

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

Posts:1,891
Points:566,080
Joined:Jun 2012
Message Posted: Mar 21, 2013 2:20:12 PM

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

Posts:2,413
Points:517,870
Joined:Oct 2012
Message Posted: Mar 21, 2013 2:17:36 PM

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

Posts:7,065
Points:1,834,055
Joined:Dec 2006
Message Posted: Mar 21, 2013 2:15:01 PM

Good luck.
Profile Pic
jnseyeongas
Champion Author Milwaukee

Posts:1,992
Points:856,035
Joined:Feb 2011
Message Posted: Mar 21, 2013 2:14:47 PM

ok
Profile Pic
Lairre
Champion Author Sacramento

Posts:6,075
Points:506,990
Joined:Oct 2012
Message Posted: Mar 21, 2013 2:14:27 PM

Good for ND.
Profile Pic
VetteFan
Champion Author Indiana

Posts:11,316
Points:2,340,085
Joined:Aug 2005
Message Posted: Mar 21, 2013 2:12:30 PM

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

Posts:5,171
Points:1,130,645
Joined:Jan 2011
Message Posted: Mar 21, 2013 2:11:57 PM

Sky's the limit?
Profile Pic
95Vette
Champion Author Missouri

Posts:3,574
Points:933,630
Joined:Sep 2005
Message Posted: Mar 21, 2013 2:10:51 PM

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

Posts:9,819
Points:1,943,235
Joined:Sep 2008
Message Posted: Mar 21, 2013 2:10:48 PM

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

Posts:5,007
Points:1,018,820
Joined:May 2011
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.
Profile Pic
GryphonX
Champion Author Nevada

Posts:6,681
Points:1,845,375
Joined:Nov 2007
Message Posted: Mar 21, 2013 2:08:55 PM

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

Posts:531
Points:2,109,045
Joined:Apr 2005
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.
Profile Pic
wshutton
Champion Author Seattle

Posts:3,286
Points:1,245,765
Joined:Mar 2009
Message Posted: Mar 21, 2013 2:08:14 PM

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

Posts:3,437
Points:2,185,355
Joined:Sep 2006
Message Posted: Mar 21, 2013 2:02:24 PM

Good job North Dakota!
Profile Pic
TRAIN RIDER
Champion Author San Bernardino

Posts:10,709
Points:3,082,840
Joined:Oct 2004
Message Posted: Mar 21, 2013 2:01:48 PM

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

Posts:4,811
Points:1,283,545
Joined:Jul 2003
Message Posted: Mar 21, 2013 2:01:35 PM

3 days old
Profile Pic
mrservonics
Champion Author Boston

Posts:3,706
Points:1,542,220
Joined:May 2005
Message Posted: Mar 21, 2013 2:00:43 PM

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

Posts:9,585
Points:2,085,015
Joined:Jun 2001
Message Posted: Mar 21, 2013 2:00:00 PM

BUBBLE!! Just watch.
Profile Pic
LQQKGAS
Champion Author Phoenix

Posts:4,178
Points:1,514,135
Joined:Oct 2009
Message Posted: Mar 21, 2013 1:58:37 PM


How high is too high?
Profile Pic
milespergallon
Champion Author Illinois

Posts:11,305
Points:2,227,945
Joined:Feb 2007
Message Posted: Mar 21, 2013 1:54:09 PM

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

Posts:8,006
Points:2,047,180
Joined:Jun 2004
Message Posted: Mar 21, 2013 1:51:25 PM

good?
Profile Pic
tomok
Champion Author Portland

Posts:39,875
Points:2,674,710
Joined:Aug 2006
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!
Profile Pic
calwdstk
Champion Author Atlanta

Posts:1,314
Points:387,175
Joined:May 2010
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.
Profile Pic
CPGas1815
Champion Author Michigan

Posts:6,060
Points:1,110,190
Joined:Apr 2008
Message Posted: Mar 21, 2013 1:49:03 PM

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

Posts:10,175
Points:2,052,795
Joined:Apr 2008
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.
Profile Pic
mstearno
Champion Author Dayton

Posts:9,277
Points:2,029,535
Joined:Jan 2008
Message Posted: Mar 21, 2013 1:48:10 PM

keep it up
Profile Pic
rippertoo
Champion Author Tacoma

Posts:7,408
Points:1,470,385
Joined:Jan 2010
Message Posted: Mar 21, 2013 1:47:25 PM

Time will tell.
Profile Pic
divebomber
Champion Author Nebraska

Posts:7,732
Points:2,141,435
Joined:Jun 2007
Message Posted: Mar 21, 2013 1:46:54 PM

YESTERDAYS NEWS!
Profile Pic
Julassa
All-Star Author Akron

Posts:536
Points:206,905
Joined:Oct 2012
Message Posted: Mar 21, 2013 1:46:14 PM

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

Posts:25,688
Points:3,515,720
Joined:Apr 2003
Message Posted: Mar 21, 2013 1:45:15 PM

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

Posts:4,420
Points:916,195
Joined:Aug 2011
Message Posted: Mar 21, 2013 1:43:59 PM

now find away to refine it
Profile Pic
repeater1
Champion Author Topeka

Posts:9,925
Points:2,694,025
Joined:Oct 2005
Message Posted: Mar 21, 2013 1:43:36 PM

Good for them.
Profile Pic
Royski
Champion Author Los Angeles

Posts:2,396
Points:336,485
Joined:Oct 2006
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.
Profile Pic
JWHITE1937
Champion Author Massachusetts

Posts:3,529
Points:1,192,655
Joined:Aug 2006
Message Posted: Mar 21, 2013 1:41:05 PM

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

Posts:1,605
Points:663,960
Joined:Apr 2012
Message Posted: Mar 21, 2013 1:38:31 PM

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

Posts:4,936
Points:1,087,775
Joined:Mar 2011
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.
Profile Pic
cateyes8264
Champion Author Tennessee

Posts:3,332
Points:772,940
Joined:Jul 2011
Message Posted: Mar 21, 2013 1:36:17 PM

old news again
Profile Pic
dieselme2011
Champion Author British Columbia

Posts:4,385
Points:894,635
Joined:Mar 2011
Message Posted: Mar 21, 2013 1:34:59 PM

Good to hear.
Profile Pic
GasSpy007
Champion Author New York City

Posts:2,669
Points:656,375
Joined:Nov 2011
Message Posted: Mar 21, 2013 1:34:32 PM

Go for it..
Profile Pic
zaq001
Champion Author Atlanta

Posts:5,639
Points:1,802,255
Joined:Oct 2008
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.
Profile Pic
jobo74
Champion Author Ontario

Posts:1,695
Points:1,050,790
Joined:May 2010
Message Posted: Mar 21, 2013 1:33:21 PM

awesome!!!
Profile Pic
RAC110
Champion Author Massachusetts

Posts:6,904
Points:2,039,320
Joined:Mar 2003
Message Posted: Mar 21, 2013 1:32:32 PM

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

Posts:1,401
Points:734,490
Joined:Jun 2011
Message Posted: Mar 21, 2013 1:32:23 PM

Wait & see
Post a reply Back to Topics