Not Logged In Log In   Sign Up   Points Leaders
Follow Us    1:29 AM

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
honda0105
Champion Author Tallahassee

Posts:24,069
Points:2,390,890
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.
livedream
Champion Author Michigan

Posts:7,129
Points:1,528,595
Joined:Mar 2011
Message Posted: Mar 21, 2013 8:19:13 PM

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

Posts:4,780
Points:1,736,870
Joined:Mar 2005
Message Posted: Mar 21, 2013 3:41:54 PM

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

Posts:5,938
Points:2,603,335
Joined:Mar 2003
Message Posted: Mar 21, 2013 3:17:04 PM

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

Posts:20,238
Points:2,920,485
Joined:Apr 2007
Message Posted: Mar 21, 2013 2:59:26 PM


Interesting.
DeeLA
Champion Author Los Angeles

Posts:7,974
Points:2,134,110
Joined:Nov 2008
Message Posted: Mar 21, 2013 2:55:21 PM

Old news.
danreino
Champion Author Twin Cities

Posts:9,828
Points:1,838,480
Joined:Mar 2008
Message Posted: Mar 21, 2013 2:20:15 PM

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

Posts:3,500
Points:1,016,880
Joined:Jun 2012
Message Posted: Mar 21, 2013 2:20:12 PM

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

Posts:3,952
Points:966,120
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.
HA4CNN
Champion Author Toronto

Posts:8,647
Points:2,277,640
Joined:Dec 2006
Message Posted: Mar 21, 2013 2:15:01 PM

Good luck.
jnseyeongas
Champion Author Milwaukee

Posts:3,189
Points:1,221,885
Joined:Feb 2011
Message Posted: Mar 21, 2013 2:14:47 PM

ok
Lairre
Champion Author Sacramento

Posts:8,355
Points:954,005
Joined:Oct 2012
Message Posted: Mar 21, 2013 2:14:27 PM

Good for ND.
VetteFan
Champion Author Indiana

Posts:11,318
Points:2,417,625
Joined:Aug 2005
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

Posts:5,261
Points:1,514,595
Joined:Jan 2011
Message Posted: Mar 21, 2013 2:11:57 PM

Sky's the limit?
95Vette
Champion Author Missouri

Posts:3,927
Points:1,312,300
Joined:Sep 2005
Message Posted: Mar 21, 2013 2:10:51 PM

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

Posts:11,394
Points:2,385,150
Joined:Sep 2008
Message Posted: Mar 21, 2013 2:10:48 PM

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

Posts:6,663
Points:1,471,420
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.
GryphonX
Champion Author Nevada

Posts:7,410
Points:2,215,825
Joined:Nov 2007
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

Posts:532
Points:2,425,040
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.
wshutton
Champion Author Albuquerque

Posts:4,878
Points:1,686,485
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.
GGAlbo
Champion Author Detroit

Posts:5,033
Points:2,635,580
Joined:Sep 2006
Message Posted: Mar 21, 2013 2:02:24 PM

Good job North Dakota!
TRAIN RIDER
Champion Author San Bernardino

Posts:12,315
Points:3,534,605
Joined:Oct 2004
Message Posted: Mar 21, 2013 2:01:48 PM

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

Posts:5,292
Points:1,395,805
Joined:Jul 2003
Message Posted: Mar 21, 2013 2:01:35 PM

3 days old
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?
Alfied
Champion Author Riverside

Posts:11,187
Points:2,535,485
Joined:Jun 2001
Message Posted: Mar 21, 2013 2:00:00 PM

BUBBLE!! Just watch.
LQQKGAS
Champion Author Phoenix

Posts:5,053
Points:1,805,465
Joined:Oct 2009
Message Posted: Mar 21, 2013 1:58:37 PM


How high is too high?
milespergallon
Champion Author Illinois

Posts:12,860
Points:2,672,495
Joined:Feb 2007
Message Posted: Mar 21, 2013 1:54:09 PM

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

Posts:9,490
Points:2,435,740
Joined:Jun 2004
Message Posted: Mar 21, 2013 1:51:25 PM

good?
tomok
Champion Author Portland

Posts:46,295
Points:3,126,535
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!
calwdstk
Champion Author Atlanta

Posts:1,421
Points:413,000
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.
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?
Grismer
Champion Author Kitchener-Waterloo

Posts:11,689
Points:2,494,520
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.
mstearno
Champion Author Dayton

Posts:9,689
Points:2,359,560
Joined:Jan 2008
Message Posted: Mar 21, 2013 1:48:10 PM

keep it up
rippertoo
Champion Author Tacoma

Posts:9,025
Points:1,922,210
Joined:Jan 2010
Message Posted: Mar 21, 2013 1:47:25 PM

Time will tell.
divebomber
Champion Author Nebraska

Posts:9,354
Points:2,591,745
Joined:Jun 2007
Message Posted: Mar 21, 2013 1:46:54 PM

YESTERDAYS NEWS!
Julassa
All-Star Author Akron

Posts:620
Points:229,110
Joined:Oct 2012
Message Posted: Mar 21, 2013 1:46:14 PM

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

Posts:27,589
Points:3,894,160
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!
bigLtowing
Champion Author Columbus

Posts:4,928
Points:1,268,240
Joined:Aug 2011
Message Posted: Mar 21, 2013 1:43:59 PM

now find away to refine it
repeater1
Champion Author Topeka

Posts:11,518
Points:3,145,360
Joined:Oct 2005
Message Posted: Mar 21, 2013 1:43:36 PM

Good for them.
Royski
Champion Author Los Angeles

Posts:3,793
Points:580,575
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.
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!
brian1145
Champion Author Quad Cities

Posts:2,690
Points:1,091,955
Joined:Apr 2012
Message Posted: Mar 21, 2013 1:38:31 PM

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

Posts:6,532
Points:1,538,130
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.
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
dieselme2011
Champion Author British Columbia

Posts:6,202
Points:1,277,465
Joined:Mar 2011
Message Posted: Mar 21, 2013 1:34:59 PM

Good to hear.
GasSpy007
Champion Author New York City

Posts:3,286
Points:860,955
Joined:Nov 2011
Message Posted: Mar 21, 2013 1:34:32 PM

Go for it..
zaq001
Champion Author Atlanta

Posts:7,253
Points:2,254,000
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.
jobo74
Champion Author Ontario

Posts:2,562
Points:1,447,160
Joined:May 2010
Message Posted: Mar 21, 2013 1:33:21 PM

awesome!!!
RAC110
Champion Author Massachusetts

Posts:7,195
Points:2,123,870
Joined:Mar 2003
Message Posted: Mar 21, 2013 1:32:32 PM

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

Posts:1,512
Points:1,101,665
Joined:Jun 2011
Message Posted: Mar 21, 2013 1:32:23 PM

Wait & see
joekool1
Champion Author Toledo

Posts:1,099
Points:131,280
Joined:Sep 2012
Message Posted: Mar 21, 2013 1:29:11 PM

and its ll american
Post a reply Back to Topics