Professor Mark J. Perry's Blog for Economics and Finance
Tuesday, June 19, 2012
The North Dakota Miracle: Fracking in the Bakken
The recent boom of the Bakken oil fields—made possible by a perfect storm of sensible state regulations, the fracking process, and the fact that most drilling is taking place on private lands—has produced a whirlwind of economic growth in a formerly sleepy corner of northwest North Dakota. Recently, a team from The Heritage Foundation and the Institute for Energy Research (IER) traveled out West to see it for ourselves, watch their video above.