Friday, September 12, 2008

Oil Boom Creates Millionaires and Animosity in North Dakota

STANLEY, N.D. — Geologists first discovered oil here in 1951, but it took the recent spike in gas prices and new technology to make drilling economical. Now, after decades of watching their children flee the prairie for brighter futures elsewhere, North Dakotans in the state's sparsely settled west find themselves sitting atop the largest contiguous oil deposit in the lower 48 states. There are an estimated 4.3 billion barrels of recoverable oil in a deposit under parts of the Dakotas, Montana and Canada — about half what the USA uses in a year. Some who own only the surface of their land because forbearers sold off the mineral rights beneath complain about traffic and trucks chewing up their roads. Restaurants, motels and hospitals helplessly watch employees leave for higher-paying oil jobs. A nursing home recently offered $1,000 signing bonuses for housekeepers. Schools started the fall short of teachers priced out by a housing shortage that has seen rents double as oil companies snap up whole apartment buildings for their workers, says Tom Rolfstad, economic development director in Williston.

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