Mark Snead quoted on the impact of high energy prices on the energy states.... read more from the Kansas City Star here: http://www.kansascity.com/2012/04/09/3545985/oil-income-protects-some-states.html#storylink=cpy
Had the great pleasure of taking a trip yesterday to Williston, North Dakota to see firsthand the economic activity underlying the development of the Bakken oil formation. It was an amazing sight, one I suspect is typical of the early oil and gas booms that reshaped areas of Pennsylvania, California, Texas, and Oklahoma.
The most interesting issue they face is coping with a lack of housing in the region given the tremendous population explosion. Cities I have worked with in the past have often lamented the housing shortages they face. I think now I really know what a housing shortage looks like.