June 23, 2014

North Dakota Oil Boom

Good news on the energy front.

As countries like oil-dependent Iraq continue to devolve and OPEC retains control of the global oil market, there’s never been a better reason to look for energy production domestically – especially when we already have the means of supplying this resource. Take, for example, North Dakota: The state “has drilled its way into the record books,” reports The Daily Signal, “producing more than a million barrels of oil a day [emphasis added]. Fueled by the energy revolution in the Bakken Oil Fields, North Dakota now supplies 12 percent of the nation’s total oil production.” Incredibly, “The state currently produces more than 1 percent of total global output,” the Signal adds, “and according to the director of North Dakota’s Department of Mineral Resources, Lynn Helms, that number is expected to grow.” That’s assuming the Obama administration doesn’t hand down more stifling regulations. Obama’s war on the economy is to blame for rising energy costs. States like North Dakota, if left alone, will not only help Americans’ fiscal burden, but may allow the U.S. to become energy independent. More…

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