Vice Lord wrote: One more time..WE DON"T HAVE ANY SIGNIFICANT AMOUNTS OF OIL HERE!
Hey McFly, the unemployment rate is like 3% in North Dakota due to energy jobs. So we go from 50% imports to 40% imports, and have some good paying jobs. What is wrong with that? And they are union jobs too numnuts.
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We are at 50/50 now, I believe it was 60/40 (import/homegrown) a few years ago. Lets keep going, both efficiency and production. Jobs Jobs! And it won't add to the deficit.
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"In Williston, North Dakota there are jobs everywhere and folks are coming from far and wide, to fill them. Something that's happening almost nowhere else: so many jobs there aren't enough people to fill them. "Help Wanted" signs are everywhere.
Terry Ayers of Williston says, "Whether it's Wal-mart, whether it's Halliburton, whether it's you know, any local trucking company, everybody's looking' for help."
Employers are often paying double, even triple, to get that help. Terry Ayers tells us after bonuses, he'll probably make around $80,000 to $90,000 a year. Ayers laughs when we bring up what he made last year: $30,000.
It's all because there's billions of barrels of oil inside a rock formation called the Bakken. 14,000 square miles in North Dakota, Montana and parts of Canada. It was discovered decades ago, but only recently has technology made it possible, and profitable, to drill here.
CEO of Brigham Exploration, Bud Brigham says, "Clearly it is the largest oil field we found in North America in the last 40 years. And if it's more than 15 billion barrels it may be the biggest oil field found in America ever.""
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