I am trying out something new on the website. Here is a little quiz about North Dakota labor force data.
Time to bore the readers with numbers. I was on Al-Jazeera in America last week talking with Ali Velshi regarding North Dakota’s energy sector. I have to admit that a live television interview was really exciting. Let’s get on with the numbers though.
The shale oil expansion began in North Dakota, and the expansion of oil output in the U.S. has been nothing short of revolutionary. However, I think it is time to recognize that the fanciful notion of “energy independence” is less and less likely to happen, if it ever really had a chance. We are surely less dependent on foreign oil as the graph shows, but it is not clear that it is going to go to zero anytime soon, if ever.
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.