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Are you listening National Geographic?
Did you hear about North Dakota's new wealth? Yes, the state that National Geographic magazine called "the emptied prairie" has resources that will help soften the U.S. energy crisis. After the first discovery of oil some 50 years ago, investors and oil businesses descended on the Bakken Formation area in western North Dakota in the past two years and set up drilling rigs.
Focus on the small town of Stanley, population 1,200. Watch the town's population increase in the next year as many of the U.S. unemployed settle in Stanley and western North Dakota, a state with fewer than 1 million people for all of its history. Until now.
People won't care about the cold winters if they have jobs; they'll like the spacious outdoors to move around; the clean air will be different if they came from more populated cities; and they'll learn about the economy of an agricultural state - one that is healthy and getting healthier with the newly-found resource.
Some of the oil is coming from Canada, just north of the Bakken Formation; however, the entire area is sending oil through pipelines to refineries. Taxes from profits will boost North Dakota's economy, where people don't hear about a state budget deficit because no deficit exists.
I'm sure I'll be reporting about its up and coming economy at the end of this year; come to think of it, I'll send it to National Geographic magazine's editor. Maybe he would like to rent space in one of the new buildings that will be under construction next year in Stanley. The Upper Midwest could use a branch office of National Geographic magazine.
Are you listening National Geographic?
August 22, 2008
Did you hear about North Dakota's new wealth? Yes, the state that National Geographic magazine called "the emptied prairie" has resources that will help soften the U.S. energy crisis. After the first discovery of oil some 50 years ago, investors and oil businesses descended on the Bakken Formation area in western North Dakota in the past two years and set up drilling rigs.Focus on the small town of Stanley, population 1,200. Watch the town's population increase in the next year as many of the U.S. unemployed settle in Stanley and western North Dakota, a state with fewer than 1 million people for all of its history. Until now.
People won't care about the cold winters if they have jobs; they'll like the spacious outdoors to move around; the clean air will be different if they came from more populated cities; and they'll learn about the economy of an agricultural state - one that is healthy and getting healthier with the newly-found resource.
Some of the oil is coming from Canada, just north of the Bakken Formation; however, the entire area is sending oil through pipelines to refineries. Taxes from profits will boost North Dakota's economy, where people don't hear about a state budget deficit because no deficit exists.
I'm sure I'll be reporting about its up and coming economy at the end of this year; come to think of it, I'll send it to National Geographic magazine's editor. Maybe he would like to rent space in one of the new buildings that will be under construction next year in Stanley. The Upper Midwest could use a branch office of National Geographic magazine.
Posted by Ivy Chang on August 22, 2008 | Comments (0)
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