Irony is over-used and a mis-used word, but I can't think of a better word than to describe this.
About one hour ago someone sent a comment about the story that I posted about all the corporations hoarding cash and "trickle down" was not working. He said that companies were no longer hiring because their customers had no cash. I replied that they were short workers in the Bakken.
A few minutes ago, I opened this article which was sent to me probably about the same time, but I just got to it now. It confirms that companies in North Dakota are looking for every experienced, every skilled person they can find.
I have posted often that unemployment rate in North Dakota is lowest in the nation, and it should remain that way for quite some time.
Tuesday, December 7, 2010
Slawson Has Another Nice Well in the Van Hook -- Bakken, North Dakota, USA
18970, 1,106, Slawson, Pike Federal 1-3-2H, Van Hook, Bakken
Another Industry Shut Down in the US -- Not a Bakken Story
CNBC guest (James "Jim" Tisch, Chairman, Diamond Offshore Drilling; CEO, Loews Corporation) is saying exactly what I've been saying: drilling in the Gulf of Mexico is done. Over. Gone. The moratorium has been lifted, but the administration has implemented a de facto moratorium.
It's Over, Roy Orbison
Diamond has already moved three rigs out of the Gulf; five more rigs are sitting idly. Because it costs $10 million to move them, they will not move them until they get a contract / a job off Europe or off Africa.
How many workers could be employed: 450 workers laid off and then another 500 for direct support, and then thousands more that support them. It's called a multiplier effect, a term that politicians who are not business friendly do not understand.
Tisch says that the administration has effectively shut down one huge industry.
Crying, Roy Orbison
Diamond has already moved three rigs out of the Gulf; five more rigs are sitting idly. Because it costs $10 million to move them, they will not move them until they get a contract / a job off Europe or off Africa.
How many workers could be employed: 450 workers laid off and then another 500 for direct support, and then thousands more that support them. It's called a multiplier effect, a term that politicians who are not business friendly do not understand.
Tisch says that the administration has effectively shut down one huge industry.
Any further talk of American energy independence is simply that: talk.
Any further talk about increasing jobs in America is simply that: talk.
Unemployment insurance: up to $310/week. Deepwater drilling roughneck: $310/day.
Update on Whiting's Proposed Gas Plant Near Belfield
Link here. These local, regional newspapers often break the links soon after posting.
Whiting Oil and Gas Corp. hopes to have a gas plant constructed by late summer near Belfield, a representative said during a Stark County Zoning Board meeting at the Stark County Courthouse in Dickinson Monday evening.It must be a pleasure for Whiting to work with North Dakotans; can you imagine progress being made at this speed in New York State where they have placed a moratorium on fracking? Just saying.
American Greed (On Both Sides of the Border -- Not a Bakken Story
From the Billings Gazette: I have followed this story from the beginning. This is a completely different slant and says volumes about the way some folks think. Just saying.
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