North Dakota's Oil Boom
The Bakken formation, which lies under North Dakota and Montana, could contain almost 11 billion barrels of oil. Towns like Williston, ND are exploding in population and have the lowest unemployment in the country.
"New drilling technology is also fueling boom towns in Texas, Louisiana, and Colorado," NPR staff report. Techniques like fracking, highly controversial in some states, is fueling an employment boom in others and turning America's oil importing problem around.
Academics interviewed by NPR say that "...new oil in the US, Canada and South America could change the center of gravity of the entire global energy supply." The same professor also concludes that the greater availability of U.S. oil could drive down investment in renewables.
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Published on Sunday, September 25, 2011 in
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