I am from North Dakota, so I hope the economy keeps plugging along. I hope also, that necessity is the mother of invention, and that they can find newer and cheaper technology to get it out of the ground. I don't know if they can, but I hope they do. What did they all do, when oil was $35 a barrel? Work in other career fields?
A lot of the guys working in North Dakota were unemployed in Alaska not so long ago.
The cheap oil is pretty much pumped out, world wide.
There is plenty left in the ground, but the fields are smaller, and extracting it is more expensive.
Some guy here at FR told me a few weeks ago that even the Saudis are starting to do horizontal fracking.