Not necessarily, talked to my dad last night who lives in bakken field and said oil companies are pulling out of other areas in US and moving to ND.. I assuming it has to do with ecconmies of scales and technologigies that have improved fracking process. He said there is a new way to frack that doesn’t require so much water.
Yes. But I am referring to the huge plunge in oil prices these past few months.
While I’m certainly not complaining about lower gas prices (I like it!), I am wondering if this will severely impact oil producing states such as ND, TX, and AK among others.