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Thread: Is it true that there's a oil boom in North Dakota right now?

  1. #1

    Default Is it true that there's a oil boom in North Dakota right now?

    Well, my question actually is this : does such a boom bring in more jobs than the oil jobs themselves?

    Construction for new houses, food and catering, education, entertainment, transportation, IT infrastructure, city planning...etc.

    Why aren't we hearing about this more as a solution to unemployment? Is it because it's not there or not big enough?

    Surely, if it was so promising, the employers would advertise in highly unemployed areas to recruit people, right?

    Can ND be another Free State project target?



  • #2

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    Yes, the boom is real. And yes, the boom-industry is real too. Once the upfront-drilling and construction of infrastructure is in place, jobs will taper off. We are hearing about it as a solution for unemployment, but these are often skilled labor jobs so they're not going to hire just any average Joe. Employers probably use headhunter firms and contract with various smaller firms and relocate them to the area.

    I'm by no means an expert, just some dude on the net. I would argue that these things are happening, but the effect is only seen at the margins. (As with all economics)
    "The average person figures that the president tells the truth, the vice president tells the truth, the secretary of state tell the truth; and they don't. They don't. The founders understood that people would be flawed, that political leaders would not be the best of men … so they set forth the constitution. We don't follow the constitution in this country; had we done so in 2001 and 2002, the world would be a different place" - Karen Kwiatkowski

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    Quote Originally Posted by Tpoints View Post
    Well, my question actually is this : does such a boom bring in more jobs than the oil jobs themselves?
    Yes.

    Quote Originally Posted by Tpoints View Post
    Construction for new houses, food and catering, education, entertainment, transportation, IT infrastructure, city planning...etc.
    Yes. Regarding entertainment, there are a lot of stripper jobs up there. Or so I hear.

    Quote Originally Posted by Tpoints View Post
    Why aren't we hearing about this more as a solution to unemployment? Is it because it's not there or not big enough?
    A solution to unemployment? How? There isn't oil everywhere and there's only a finite number of jobs created. It's not like Obama can sign an executive order and massive oil reserves will suddenly appear in Nevada where unemployment is highest.

    Quote Originally Posted by Tpoints View Post
    Surely, if it was so promising, the employers would advertise in highly unemployed areas to recruit people, right?
    I'm sure they have.

    Quote Originally Posted by Tpoints View Post
    Can ND be another Free State project target?
    Definitely. It's a small state, relatively republican/conservative, good economy, relatively rural, low taxes. Ron Paul did quite well there during their caucuses (but got screwed over at the convention). The fact that it's small could make it a very easy target.

  • #4

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    Quote Originally Posted by deadfish View Post
    Yes, the boom is real. And yes, the boom-industry is real too. Once the upfront-drilling and construction of infrastructure is in place, jobs will taper off. We are hearing about it as a solution for unemployment, but these are often skilled labor jobs so they're not going to hire just any average Joe. Employers probably use headhunter firms and contract with various smaller firms and relocate them to the area.

    I'm by no means an expert, just some dude on the net. I would argue that these things are happening, but the effect is only seen at the margins. (As with all economics)
    I can see that the oil jobs themselves require skill, connection and experience. But not so much for the "auxillary" ones, laundry, house cleaning, babysitting, car repair, restaurants...etc. I do want to know more details if anybody has some.

  • #5
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    Quote Originally Posted by Tpoints View Post
    Can ND be another Free State project target?
    ND was 1 of the 10 states voted on in the which state vote the FSP held. ND came in LAST by a good margin.

  • #6

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    Quote Originally Posted by Confederate View Post
    Yes.

    Yes. Regarding entertainment, there are a lot of stripper jobs up there. Or so I hear.

    A solution to unemployment? How? There isn't oil everywhere and there's only a finite number of jobs created. It's not like Obama can sign an executive order and massive oil reserves will suddenly appear in Nevada where unemployment is highest.

    I'm sure they have.

    Definitely. It's a small state, relatively republican/conservative, good economy, relatively rural, low taxes. Ron Paul did quite well there during their caucuses (but got screwed over at the convention). The fact that it's small could make it a very easy target.
    thanks! do you know what "stage" they are at? As in, how much longer it'll last before it's either saturated with workers or oil is all sucked up?

    Yes, there's always a finite number of jobs created, and that's my question, how many oil jobs can we expect to create?

    Can we expect that for every 1 oil job created, there's 2 "non oil jobs" created to support the person's lifestyle?
    Last edited by Tpoints; 11-12-2012 at 04:17 PM.

  • #7

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    Quote Originally Posted by Keith and stuff View Post
    ND was 1 of the 10 states voted on in the which state vote the FSP held. ND came in LAST by a good margin.
    but obviously that was before the boom, which is relatively new news, right?

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    Quote Originally Posted by Tpoints View Post
    but obviously that was before the boom, which is relatively new news, right?
    The boom makes it harder for folks to move to ND, not easier.

  • #9

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    Quote Originally Posted by Keith and stuff View Post
    The boom makes it harder for folks to move to ND, not easier.
    because it's short lived? or what?

  • #10

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    Quote Originally Posted by deadfish View Post
    We are hearing about it as a solution for unemployment, but these are often skilled labor jobs so they're not going to hire just any average Joe. Employers probably use headhunter firms and contract with various smaller firms and relocate them to the area.
    I know guys that have possibly the lowest IQ out of people I know, and they have these types of jobs. You really do not need to be skilled as they provide on the job training in most places and most times have people that supervise and tell you what to do etc. There isn't that much skill involved in moving a part over, laying it on a pipe and then having the machine pick it up and you guide it down onto the other pipe. It's fairly simple really.

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