The Bakken Shale formation near Williston, North Dakota is fueling a rapid oil boom and change in lifestyle for the residents. Oil production in North Dakota is nearing a half a million barrels of oil per day (in a nation that consumes roughly 19 million barrels of oil per day during a recession and a little more than 20 million barrels of oil per day during better economic times.)
The show begs some serious questions about the longevity of the boom, the long term effects of the boom on the land and the people, the permanent loss of fresh water, and about the utility of the skills developed during the boom to other tasks after the oil runs out. As a general rule, I prefer figuring out ways to mitigate those challenges to figuring out ways to purchase or take oil from underneath foreign soil.
Since I do not live in an oil boom town, however, there might be other points of view worth considering. What are your thoughts?