I develop a rough estimate for oil industry revenue in North Dakota to show both the volatility, the progress, and the setbacks.
North Dakota is thinking about recovery and that is great. Here is where some parts of the economy are right now to help understand how far we need to recover.
Chris Berg had me on his show for an interview.
There are many moving pieces in the economy, but oil in North Dakota represents a clear economic and budget issue for the state right now. I provide a first pass here.
Clearly oil prices and the budget in North Dakota will be a topic going forward. Here is a start for the discussion.