North Dakota Benefiting From Events in the Mideast -- Article

Here's the link.

From MinnPost.com, the author suggests that events in the Mideast are benefiting oil activity in North Dakota.

North Dakota has sailed through the recession with the lowest unemployment in the country, a shortage of skilled workers and a budget surplus as the state has benefited from the shale oil boom in the western part of the state.

Now the stocks of companies working in the Bakken oil fields straddling western North Dakota and eastern Montana seems to be benefiting from turmoil in the Mideast.

Investors and traders are bidding up the stocks of these companies faster than the big oil companies. 

To some extent the author's thesis is accurate, but I think there's more to it. First, new investors are starting to realize the Bakken is "for real." Second, seasoned investors are starting to understand the Bakken may be bigger than originally thought.

The Bakken oil companies started their run-up well before recent events in the Mideast.