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Author Topic: Interesting insight on ND's oil boom  (Read 4808 times)

keefe

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Ellisium

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Re: Interesting insight on ND's oil boom
« Reply #1 on: November 24, 2014, 11:40:37 AM »
Not surprising Keefe.  The environment in North Dakota is ripe for egregious error.  You have an uneducated population base when it comes to oil, small/ineffective gov't (largely due to education), and an aggressive business agenda.  Think about the business side of things.  I just watched a CNN report on employment in the area.  People are coming from all around America to be here.... many are people who have never worked in oilfields before.  Placement rates are over 90%.  In effect, you're getting inexperienced workers on top of the ill-equipped infrastructure that is drilling for this oil.  It all adds up to many mistakes being made.  Frankly, I'm surprised that there aren't any agricultural groups getting involved to support the farmers.  Eventually, it will sort itself out.....but at what price? 

MU Fan in Connecticut

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Re: Interesting insight on ND's oil boom
« Reply #2 on: November 24, 2014, 02:26:01 PM »
National Geographic had a very good article on all this like 18 months ago. 
NG mentioned housing prices & apartment rentals are through the roof since ND was very unpopulated to begin with they just didn't have enough housing to cover the onslaught of people.

Ellisium

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Re: Interesting insight on ND's oil boom
« Reply #3 on: November 24, 2014, 02:33:28 PM »
National Geographic had a very good article on all this like 18 months ago. 
NG mentioned housing prices & apartment rentals are through the roof since ND was very unpopulated to begin with they just didn't have enough housing to cover the onslaught of people.

Must be an interesting cultural shock when you live in a rural community and all of a sudden it becomes a melting pot within a few years.  I'm sure plenty of the indigenous population are regretting the decision to let them drill there.  Imagine knowing everyone in your community to not knowing a soul all of a sudden.  Traffic...... congestion..... noise and light pollution. 

Golden Avalanche

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Re: Interesting insight on ND's oil boom
« Reply #4 on: November 24, 2014, 04:31:54 PM »
Must be an interesting cultural shock when you live in a rural community and all of a sudden it becomes a melting pot within a few years.  I'm sure plenty of the indigenous population are regretting the decision to let them drill there.  Imagine knowing everyone in your community to not knowing a soul all of a sudden.  Traffic...... congestion..... noise and light pollution. 

Not to mention they're building modern day gold mining communities with largely unbalanced populations of men and women leading to all the nefarious issues that that entails. Hardly the quiet life some NoDaks signed up for prior to 2009.

Ellisium

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Re: Interesting insight on ND's oil boom
« Reply #5 on: November 24, 2014, 04:39:58 PM »
Not to mention they're building modern day gold mining communities with largely unbalanced populations of men and women leading to all the nefarious issues that that entails. Hardly the quiet life some NoDaks signed up for prior to 2009.

There's actually a coffee shop there with scantily clad women that was part of a CNN piece by Lisa Ling.  Girls were making 200+ a day on tips for just selling coffee in the morning.  The male to female ratio is quite unbalanced. ......  10 to 1 at least.  Plus you have a lot of the oilfield workers making 100k a year.  Sex workers paradise.     

Tugg Speedman

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Re: Interesting insight on ND's oil boom
« Reply #6 on: November 24, 2014, 06:21:32 PM »
I know a bit about this industry

Starting salaries are $75k.  $200k + within three years.

Qualification ... show up and ask for the job.  Warning, this is about the hardest work in the country.