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The Great American Oil Rush

Since the Bakken oil boom began way back in 2006, the landscape throughout North Dakota has changed considerably. Despite the severe recession that began in 2009, which has caused financial turmoil throughout the nation and continues to still, the economy of the Bakken region has grown and thrived with an astonishing intensity. In fact, North Dakota has the lowest unemployment rate of the whole country and a GDP that’s 29% above the national average.

To hear of the economic effects of the boom is truly mind boggling, even more so to see them. Check out the graphic below for a visual representation of how the boom has boosted the Bakken, courtesy of Aries:

aries_residence_suites_bakken_oil_shale_boom

 

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