Feel better now?

worry about yourself. it will take decades for the oil to stop by the way.

HiDesert004 cocaine and hookers.

Exactly. You have to plan for the famine during the feast. Where there is a boom, there is ALWAYS a bust. Count on it.

sounds like the american dream

+PoxyBear So many people think that saving money is just a short term goal to buy something expensive. Wrong. Saving is primarily about survival. It's about getting through the rainy days.

A disappearing trait in America...

Yup. You see the same tend in boom towns all over the world. People grow like goldfish to the size of their paycheck instead of saving or investing.

PoxyBear worked 5 years up there saved 350000 dollars

A great follow on . . . with existing technology, is energy production, both solar and wind. State of North Dakota would again need to negotiate coordination . . . as a result of its' distant communities. Example . . . Bismarck, Minot, and Devils Lake are multiple hours from each other. Coordination must be required for this product to be shared interstate . . . like the pipeline stretching from Canada, eastern North Dakota . . and South Dakota. Likewise, this could provide additional revenue to the Indian Reservations . . . if solar was placed there . . . not providing the negative p.r. that the pipeline made when it burst, and, polluted it reservoir.

Every well that gets drilled in nd either goes into the bakken or the three forks... Many years ago a handful of companies drilled into both. Creating dual lateral wells... At the time it wasn't cost efficient. When all these thousands of wells stop heavily producing, they'll bring in re entry drilling rigs to drill into the other formation. It will slow down but it won't bust. Every well in the "bakken" has the potential to be drilled again. It's their long term guarantee so the economy doesn't go bust like it did in the80s...

Yup, I voted for our current president. That does not make unaware of what is going on in my state. Every boom must bust. That is a fact anyone who has been forced to study economics understands. Please, don't misconstrue my statement. I'm pleased western ND is experiencing an oil boom!!!!! But, one day, it will end. What then? The oil is limited, the day will come when the wells dry up...what will happen to these smaller towns then?? Republican, Democrat....who cares?! Booms always bust!

And I'm done. When you have an actual, factual argument about boom vs. bust, please let me know. I'd love to have a normal discussion about it.

That's if you run out of oil. As for demand, it's way higher than the last ND bust. China back then wasn't an economic power house as it is today. More tech products and more types of cars are available that still needs fuel. The only product that can mass produce to the point of countering the boom is Elon Musk and his Tesla company. But at most, any significant demand on electric cars will at most keep gas prices cheap. Now if liberal California decides to get their heads out their asses and allow mass oil drilling in the state is another story. California has the perfect weather to work in any job.

***** What do you think pays for Canada's socialized healthcare system? Answer: OIL.

And if they vote for republican criminals, there's no sympathy for them. Just for their children, the victims of stupidity

China wasn't an economic capitalist materialistic power house back then. Now we have two billion people living like U.S citizens. Plus, the tech world and the internet wasn't there either. There is just more consumption by more people today and that requires more fuel.

zzap999 Economically, everything is slowing down worldwide. That is why there is a huge oil surplus right now and the price has dropped so far so fast. The demand is not there now. It will get worse, a lot worse because, as always, the more things change, the more they stay the same. $20 oil wouldn't surprise me before it bottoms. The Saudi's are doing the same thing this time as they have always done. And that is, they will flood the market until all the high cost marginal producers have been driven out of business. Unfortunately, that includes all the shale oil producers in ND and other places. But that may not be the worst of it. The worst of it is be how severely might the bond markets be affected when the junk bond debt that financed most of the shale oil boom starts getting defaulted on, and how much of that junk debt supports the derivatives market? No way to know until it happens.

4 year old responses . . . no bust yet !

ThachosenJuan21 What does "Born an [sic] raised in ND " have to do with the comparison between economic oil reserves in ND and the Gulf of Mexico ? Either there are more reserves in ND than in the Gulf, or there are not, and where _you_ were born an [sic] raised has precious little bearing on the objectively verifiable answer to that geological question.

w67bv2cxm ....Lol ya we have oil go ahead and look into it, but now things are starting to slow down out west. It shall be interesting to see how it all plays out.

ThachosenJuan21 LOL I AM FROM THE FUTURE 2016 GAS WILL BE BELOW $1.50 A GALLON

@@robertchandler5055 boy were you wrong

@@gwenielongviewtravels9219 NOPE! LOOK UP UNLEADED GAS 3/21/2016 SOUTH CAROLINA $1.48 A GALLON southcarolinagasprices.com

It would be one big shock for a Californian especially from bay area or socal LOL!

Tooter Turtle I’m from SoCal still work here in the bakken and I love it

@@lsxcole7039 I've been to that area. I was surprised how dirty it was. Muddy gas stations, trashed roads, broken windshields! No mountains, no decent Jeep trails. In Vegas you can make 80 grand parking cars. I'm well over six figures with no college. California is in a downturn because of politics but it's still the most beautiful state in the union. Forget the cities. Yosemite, Sequoia, Tahoe, Death Valley. Now that's diverse!

Chris Baumgarten your 100% right aside from the political stuff back home California is the most beautiful state by far I do love it there but unfortunately in my line of work the jobs are very low paying in the oilfields in California so I’m here for now in the Balkan there is a possibility of west Texas this spring I’m hoping for but we will see

@@lsxcole7039 Just checking. You still in ND? It seems like half of California is moving here. More jobs than workers. If you come here, there's plenty of work.

Ad Mirer You are so silly. Have you ever been here??

+Ad Mirer In the western part of the state, yes. Fargo and Grand Forks have been experiencing a tech boom for many years now and it's still going strong. Some of the biggest and wealthiest tech companies in the world are employing thousands of people here.

Ad Mirer There was an oil boom in the 80's as well. Oils always been there. First one drilled was in early 50's. Now over a million barrels produced a day.

Nope, Oneok is a pretty steady company.

@@jonathanbatturs6359 youre d umm

@@juanshaftpatel7488 ya ok Patel, Don't fall off the top of the train ! 🤣🤣🤣🤣

@@jonathanbatturs6359 whya re you so poor?

@@juanshaftpatel7488 A wise man is never poor.

How are you in 2023?

+ThachosenJuan21 Is it really over? I am visiting ND in May. What shall I expect to see?

The Bakken stopped rockin so don't bother knockin.

+j miller hahaha😂😁 good one

Thank God its over. What we are left with is all the out of state parasites with no visible means of support, and the western third of the state an environmental disaster.

it aint like it was but still way more money than at the house 3 on and 3 off is not a bad schedule

it's a pipeline issue since the gas can't b safely transported in trucks

+Quick C5 Z dont forget the meth!

Lash LaRue Tell me more

@@shaunsimms8839 Probably passed on . . . here today, gone - 5 years later !

@@paulsuprono7225 ?

Thats why they all have a smile on their face walking out!

Down to 2.50 a gallon up here in Idaho...

There should be another boom by the end of 2016 and the first half of 2017 and they're saying it will come "in in a rush." Prices of oil should twice the price. Williston is already getting ready for this

What happens to us when the boom is over you say?? We chase oil lol northern Michigan here and still going strong and I'll be back on nd in a few months again

Mid 2018 and nope... they bust

Wyn Williams Nope still over a million barrels a day. Just announced the US is #1 producer in the world.

Both oil production and rig count have dropped significantly, they have built to many homes again with nobody to go in them and overall oil is heading towards a large price drop which will put them back in the bust cycle unfortunately though you are right they are not there right now just heading right towards it. The reliance on fossil fuels is very bad for the US anyway

Diesel Ray 76k a year ?

Demand will continue to increase as the supply decreases. How long do you think that's gonna work out?

Answer: TESLA

zzap999 None of the alternatives are being made affordable to consumers byt the "green" energy companies, seems they are just as concerned with profits as any other company

Natalie F You see oil going back up to $70 a barrel ? Soon ? Unfortunately, the economists at Schlumberger, Halliburton, all the other service companies, the banks, the mutual funds, and the major oil companies disagree. The service companies are laying people off by the tens of thousands. The last drilling orgy/oil-glut lasted from about 1985 or '86 until 2000, and there are plenty of people out there who know it.

w67bv2cxm Almost $80/bl in Mid September, 2018.

They have the same thing call em trailers..

Biofuel can be extracted from algae. Finite fossil fuel reserves isn't a big concern. Just switch to plants. However, it might be very expensive with only the wealthy who can afford $100/gal.

It is happening very slowly in industrialized nations. Just because we all saw an Inconvenient Truth and feel some panic doesn't mean engineers can work faster does it? If one of these companies offered their alternative energy cheaply it would make it seem like they actually cared about the environment versus making a ton of profit in an industry they feel hipster cred in;) We should be regulating what is going on right now rather than clamoring for it to be stopped.wholesale which the majority of Americans do not support.

Robert F. W. Whitlock Actually, it would have been better to have STOPPED the use of fossil fuels by now. This current oil industry bust is a perfect analogy for what humans do. We drive the car at 90 mph until we hit the concrete wall, and never see it coming. The economist Michael Greenstone wrote a NY Times article ( _If We Dig Out All Our Fossil Fuels, Here’s How Hot We Can Expect It to Get_ ; April 8, 2015) in which he predicted how bad it could get if we burned _all_ the fossil fuel we could get our hands on. His answer : 16 degrees F global average temperature rise. Of course, that can never happen because we would *all* be dead long before we reached a 16 F global average rise in temperature. If "we" (collectively) realized what was coming, we'd be conducting a frantic, _worldwide_ Manhattan Project to build and install solar photovoltaic collectors, solar thermal collectors, wind generators, and doing anything else that would cut us free of oil, gas and coal. But, being human, we're still going 90 mph, we've still got our foot on the gas, and we don't see that concrete wall that's just up ahead. Feedback control is apparently not something at which the human species excels.

The Wasington Post carried an article to what you are alluding to and...... It was written sometime in the early 1900's!!...We all have heard this doomsday stuff before.

Trains and More Nature and Stuff it's a bust now

lol. u couldn't pay me enough to live in that shithole

My god you’re twenty now.

Served in the USAF . . . Minot Air Force Base, North Dakota . . . back in the 80's. Remember watching the volcanic plume of Mt. Saint Helena . . . early 80's floating overhead, 60,000 feet up, eastbound !