I am quoted in this article from National Journal. I will have to expand out my comments at some point obviously.
So it took like 4 minutes? I hear the announcer telling me that few things are as beautiful as a mass start in skiing. All the colorful uniforms against the white snow backdrop. Umm, no.
The big story for North Dakota is not just about oil in western North Dakota, it is about the adjustments to the underlying economic dynamics in the state. Consider the situation of labor markets in two North Dakota cities, Williston and Grand Forks. These data are for the Williston micropolitan area and the Grand Forks metropolitan area from 1997 to the end of 2013.
The beginning of the academic year is always a bit hectic. Plus I was on a job search committee this year. While I was out in Philadelphia there were some really interesting papers presented that I will be following up on here. One looked at the future of oil in the US and their outlook was very pessimistic. It was especially skeptical of the profits from hydraulic fracturing. A different session had papers on Social Security and the macro consequences from the program. One of my favorite sessions examine infant mortality. One of the papers in that session examined infant mortality differences due to hydraulic fracturing proximity. Really interesting stuff! Stay tuned for updates.