The USA is the world’s largest consumer of oil. It is also in the fortunate position of having discovered one of the largest oilfields on the planet in North Dakota. Known as the Bakken Formation, the oilfield has led to the International Energy Agency predicting that the US will become the world’s top oil producer by 2017.
The Bakken Formation is causing a stir across the world and has been featured recently by the BBC, CNN, National Geographic, Time Magazine and the Wall Street Journal. This is new, current, and causing waves across the USA as engineers, oil and service sector workers and laborers flock to North Dakota in search of jobs and opportunities, where even manual laborers are paid as much as $150 per hour. Of course, it goes without saying that the large oil companies such as Exxon Mobil, Chevron and Halliburton are already heavily involved.
The Bakken Formation’s explosive economic impact and its
remote location have created a unique situation, with some 15,000+ oil and
service sector workers currently struggling to find accommodation. Thousands
are being forced to sleep in tents or in their cars, in an area where sub-zero
temperatures are common......Read More Or Full Story
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