Omdahl: Oil industry is getting by cheap
By Lloyd Omdahl / Syndicated Columnist
Economists at North Dakota State University have calculated the annual economic impact of the Bakken formation’s development and came up with $13 billion for 2009 — and a lot of growth has occurred since then. For people used to dealing in thousands, and sometimes millions, talk about billions is impressive.
But our euphoric daze should not blind us to the reality of oil development.
Are you a newspaper subscriber but you don't have a Digital Access account yet? https://secure.forumcomm.com/?publisher_ID=40&event=subscriber/lookup.
You will need your subscription account number and phone number. Not sure if you have an account? Email us at email@example.com and we can help you.