Great video from the folks at the Heritage Foundation and the Institute for Energy Research that features real people talking about North Dakota’s energy-driven miracle. Take a look:
Some general points about North Dakota:
- State unemployment in May was 2.7 percent.
- The state’s treasury is flush with revenue, a lot of it generated by energy activity. The most recent finance report predicts $2 billion in surplus and reserves by June 30, 2013.
- In March the state passed Alaska in monthly oil production, 17.8 million barrels to 17.5 million, becoming the No. 2 producer in the country. Just six years ago it was No. 9. Thanks, Bakken Shale, and hydraulic fracturing.
Truck driver Terry Swift from the video is right: “This is the American way. If you can still put your boots on in the morning and go to work, you do it. You provide, and there’s a lot of people doing just that.”
Energy is the catalyst. With the right vision and policies, American-made energy that is generating North Dakota’s miracle – jobs, economic opportunity, tax revenues – can produce more miracles elsewhere.