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Drill Oil = Budget Surplus = Low Unemployment

March 17, 2011

Is it so hard to extrapolate that if we let our people go for oil and produce it here we could help balance the budget, lower unemployment, increase living standards and reduce our dependence on Chinese money and Arab oil?

Let’s look north to the Dakotas to see how our whole country could be doing better.

The superstar of North Dakota is its economy. The state’s unemployment rate hasn’t touched 5% since 1987. The state’s per capita income rose over the decade from 38th in the nation to 17th, the biggest advance of any state.

North Dakota is enjoying an oil boom in the western part of the state, drawing workers from across the country. Williston, in oil country, grew 17.6% to 14,716. The oil windfall has created a $1 billion state budget surplus.

North Dakota is one of the few states to add manufacturing  jobs over the decade. Bobcat, maker of farm and construction equipment, is headquartered in the state.

Source of some information quoted :

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