Tuesday, April 24, 2012

Carpe Diem Links Regarding North Dakota

North Dakota leads nation in growth.  North Dakota led the country with a 10.7% annual gain. North Dakota was second (2.9%) in quarterly increase behind West Virginia (3.44%) for 1Q12. -- Philadelphia Federal Reserve.

Shale-based economic boom.

2 comments:

  1. I think one key aspect of the "North Dakota Miracle" that is always missed by analysts is the "National Economic Footprint" of North Dakota oil.

    Hard to quantify, but I imagine there are probably tens of thousands of jobs outside North Dakota that supply and service the Bakken. Those that dismiss North Dakota for being a small state never mention this factor.

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    Replies
    1. I agree 100%.

      I have alluded to that before.

      Sand in Minnesota, Michigan, Wisconson -- or wherever EOG is quarrying. Carbo and Chinese ceramics.

      All the pipe coming into the state (drilling pipe and pipeline). The drilling pipe is particularly interesting: specialty steel and very, very expensive.

      All the home-building; houses being brought in from out-of-state.

      Highway widening south of Williston was done by out-of-state contractor.

      List could go on and on.

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