Quote:
Originally Posted by Jim in CT
It's a unique situation to be sure. But the "boom cycle", which is benefitting a lot of people, happened because the feds decided not to choke it, like they so often do. If the feds would get their boots of the throats of the free market, we'd see more boom cycles in other places and industries.
We need regulation, no doubt. But there's such a thing as too much.
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There's a dark side to production as well. The infrastructure in ND isn't scaling fast enough to meet the needs of the growing population. Crime and other bad elements are increasing. It's not going to last forever...then what? Bust...
It also looks like ND is trying to slow production because of the waste. 36% of the natural gas being produced is being flared off because the oil has a better profit margin. This impacts both the environment and taxes that aren't collected on the burn off.
Other states with shale oil seem to have tougher standards because the fields are closer to large populations. That part of ND is pretty empty...
But if a 17/hr wage at Wally World epitomizes the glories of capitalism for ya, hey, have at it.
-spence