Thursday, November 1, 2012

The Sword of Damocles -- Yes, It's About the Bakken

Link here to Bismarck television. (A big "thank you" to a reader.)
The economy is thriving in western North Dakota. And much of that growth can be attributed to the oil industry. But some fear that could change after November 6.

Hydraulic fracturing is a crucial part of operations in the Bakken oil field. That`s why some in western North Dakota are concerned about the upcoming election. They claim that a certain winning candidate could ban fracking and cause the economy to plummet.

"There`s just a concern, I think, with Obama, that he doesn`t necessarily understand really what`s happening in the oil industry, what is it`s doing for not only the local but the state and the nation. And so you`re finding companies who are saying, `We`re going to just put things on hold until after the election,`" said Williston Mayor Ward Koeser.
A lot of naysayers write me whenever I post anything about risk of federal regulation of fracking. So, this is posted without any comment from me.

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