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Ohio Utica Shale

Is the North Dakota shale boom over already?

By Jim Mackinnon Published: February 14, 2013

The Atlantic magazine asks, is North Dakota's shale energy boom over?

Derek Thompson writes about a drop-off in job growth in the state: "This is how an energy boom should go, you could argue. First come the core mining jobs and manufacturing jobs. Then you build the houses and roads to accommodate the miners and factory workers. Then you open restaurants to feed their families. And you build hotels to room their visitors and petro-tourists. That's not a bust story. It's a modern growth story.

"Okay, fine. Perhaps that's all the North Dakota slowdown is. Chapter Two in North Dakota's modern gold rush. The state's job creation isn't weak, after all, it's just, well, average. But that's just the problem. When you're girded for a historic gold rush, average growth isn't average news. It's bad news."
 

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