Lmc Area Profile

This is even more important because so many Americans lost their jobs as oil and gas production, "with the number of employees in oil and gas with the number of employees in oil and gas extraction shrinking by over 50 percent to 118,400 in 2003" (Hassett and Mathur). Americans were losing jobs in gas production starting from the early twenty-first century due to the fact that "easily tapped oil reserves grew scarcer and domestic oil production declined", until improvements in fracking for shale gas created more jobs(Hassett and Mathur). The jobs fracking creates is much needed to boost the sagging American economy, but even more important to the economy is the gas produced.

In Texas, there is an economic powerhouse that not only runs deep beneath fields of cotton, but also reaches miles beyond the green pastures of cattle. Its multitude of uses in daily life also far outweighs the benefits of technology. This resource, greater than any other in Texas, is oil. In 1866 the first commercial oil well was dug near Nacogdoches, Texas but unfortunately the well came up dry. Thirty years later in 1894 oil was discovered in Corsicana, Texas by accident while a water well was being dug. This was the first economically significant discovery of oil in Texas. On January 10, 1901, Texas was catapulted into the era of oil and gas with the discovery at Spindletop. The Spindletop well, located south of Beaumont produced roughly

Many would not believe that North Dakota has some serious environmental concerns, at least I did not. I always thought of North Dakota as a stable and somewhat of a quiet state. After doing some extensive research, I found that North Dakota has environmental concerns with terrestrial, atmospheric, and aquatic ecosystems. As for aquatic ecosystems, the main damage has been done through haphazard artificial drainage, excessive water diversions, and improper disposal of industrial waste. Impact to terrestrial ecosystems is caused by the constant industrial and residential work sectors as well as the mechanical destruction of plant communities. Lastly, atmospheric issues can be pointed to blowing soil and improper pesticide application. As we

Fracking in North Dakota alone went from 4,600 to 6,600 wells just from 2009-2012. Due to the increase in wells, natural gas extraction went from 7.5 million to 16.9 million barrels of oil (Loris 2). This increase in the oil and gas industry also provides jobs in several fields such as geology, engineering, rig working, truck driving, pipe welding, and many more, which means that the US unemployment will go down as long as this economic boom keeps up. However, fracking provides more than just jobs; it provides an economic boost to the communities where fracking occurs. States like Louisiana and Oklahoma practice fracking in more rural areas and it is seen as an economic boost more so in those places than in states like Colorado, where fracking

The question that has arisen from this shift is whether or not the Canadian oil and gas industry inclusive of the upstream, and midstream sectors, has a net positive benefit to Canada. This essay will explore and seek to understand the myriad of issues that this industry faces daily.

Did you know that oil companies are demolishing North Dakota’s environment by dumping drilling waste onto the land and in waterways? First, oil companies are taking truckloads full of drilling waste at a time and just dumping it to the side of the road illegally! This is mainly happening in the western corner of North Dakota but will most likely affect all of North Dakota. Eventually, this will affect all of North Dakota, by the drilling waste killing the animals or plants that other animals need to eat to survive. Then, oil companies also go and dump the drilling waste into the waterways. So, pretty soon all the western corner of North Dakota won’t have freshwater lakes and rivers. They have been doing this since 2014, so who knows what

Many cities in the u.s have been affected by the Oil boom, countless have made millions on this product. Oil isn 't always easy to find, as a matter of fact, it can be very difficult. Often times oil seeps to the top of the surface, making it easy to find, but most of the time people have to drill to find it. In the earlier days rigs could only work on land, however now we can use oil platforms to get oil from under sea beds. Many towns like Bainville and Watford city are being affected very heavily because of the oil, changes include: growth of population, riots, and heavy construction. Not all the people in these towns support and agree with the pipeline, which oftentimes leads to protests and riots. Many protests have ended in arrests because of the violence they promote. Many people across North Dakota have been taking drastic measures such as blocking highways and roads, killing livestock, and violent fights.These people are upset because this pipeline runs across some sacred burial sites of the ancient Native American tribe leaders. The Bakken Shale formation is one of the largest oil and gas industries, it covers over 200,000 square miles in just North Dakota, Montana, and Canada.(Carter,2013) The pipeline is 12inches wide and travels over 500 miles across the US. So far, between North Dakota and eastern Montana they have produced 1 billion barrels of oil. In just North Dakota, jobs are very easy to find in the oil industry.

According business insiders and Times article, North Dakota’s oil boom has many people coming from different states to work in North Dakota. The oil boom has sparked a strong growth through the states industries which has left them with 3% of the workforce unemployed the lowest in the country. Also there is a high level on investment and spending in North Dakota which in 2013 their GDP

Not only has fracking supported jobs relative to the drilling company, it has also supported indirect jobs. These jobs, described as “induced” jobs, are other businesses such as restaurants, hotels and retail (Efstathiou). The expansion of jobs in the drilling industry has created a greater demand for other businesses such as restaurants and hotels (Efstathiou). This is because the new dispensable income generated by the workers has allowed the public to afford these conveniences and luxuries (Efstathiou). One of these reasons is because according to Harvard economist Michael Porter, “cheaper natural gas is helping businesses and people all around the country save money” (qtd. in Arnold). According to the IHS report, the “drilling industry will support about 360,000 direct jobs, 537,000 jobs in supplying industries and more than 850,000 jobs outside the industry,” all of which is essential in circulating and stimulating the economy (Efstathiou). Porter believes that the fracking industry is a “game changer," to the economy (qtd. in Arnold). The fracking industry according to Porter

The state has the lowest unemployment rate in the country, at 3.1 percent. Some wonder who could be out of work, given all the “Help Wanted” signs. North Dakota is No. 1 in job growth and No. 1 in income growth. At the heart of this pros¬perity is the Bakken formation, located in the northwestern part of the state. It’s a vast pot of oil. “Bakken,” incidentally, rhymes with “rockin’.” They have a bumper sticker here: “Rockin’ the Bakken.”

The natural gas oil is one of the most valuable resources on the planet Earth. Throughout history oil has cost revolutionized transportation and space exploration in the United States. In the 20th and 21st century conveyance of oil has been done through tracks and pipeline. Today large corporations such as the Texas Based Energy Transfer Partners have designed an oil pipeline which will pass through a Native American Sioux Tribe reservation in North Dakota. The Dakota Access Pipeline also known as the Bakken Pipeline will carry over 7.4 billion barrels of undiscovered oil. The DAPL or Dakota Access Pipeline should be finished because its completion equals an improved economy and a cost-efficient despite the oppositions errant claims.

Although there has been a rise in the unemployment rate, many Americans still struggle with finding a job. According to the Bureau of Labor Statistics Data, the unemployment rate in 2013 was still at 7.3 percent. That translates to 3.2 million unemployed workers. “How Fracking Has Helped the U.S. Economy” clarifies the potential for employment with the rise of the fracking industry. “A statement from the White House Council of Economic Advisors last year summed it up nicely: ‘Every barrel of oil or cubic foot of gas that we produce at home instead of importing abroad means more jobs, faster growth, and a lower trade deficit.’” Rather than exporting business outside the nation’s borders, hydraulic fracturing in the United States has supplied an ample opportunity for the American public.

There has to be a million reasons running through everyone’s minds as to why Nebraska, North Dakota, and South Dakota have the lowest unemployment rates in the United States. There are different aspects to why the economy goes up and down in the job field. Utah, Vermont, Minnesota, Idaho, Iowa, and New Hampshire are a little bit higher in unemployment rates than all the others listed. There is a reason that North Dakota’s unemployment rate is so low. But there has recently been a slight increase and that’s because the oil patch drilling has slowed immensely. Texas has also been hit really hard with the oil problem. But for some odd reason instead of the unemployment rate increasing it decreased. They believe the reason is because the oil production

It could also prompt further analysis, examining the change in employment rates in specific job categories or regions within the state.

The resulting effect is the large number of job seekers who have no place in the oil industry. Even with the expansion of the industry, unemployment has continued to grow at an alarming rate.