Geee Posted November 28, 2011 Share Posted November 28, 2011 Washington Examiner:Imagine that you never went to college and you have virtually no experience punching the time clock, thanks to the ongoing depression in blue-collar jobs in American manufacturing. Not to worry, though, because there are places in America where men who are willing to put in long hours doing hard work can earn $100,000 or more. There are downsides, like being out in the middle of nowhere and coping with shortages of housing and other amenities such as sleep, but the rewards can be immense for the hardy. And, since this is the oil and gas industry, true stories of ambitious men going from rough-necking to millionaires are anything but unprecedented.We refer, of course, to the booming Bakken oil fields in America's high plains, where little towns like Williston, Dickinson and Minot have seen populations and economic growth explode in recent years. There are billions of barrels of oil in the Bakken formation that underlies North Dakota, Montana and Canada's Saskatchewan region. Bakken oil was previously inaccessible, but, thanks to new technologies like hydraulic fracturing and horizontal drilling, it has become eminently reachable.Here's how CNN Money describes the boom: "Many of the highest-paying jobs are at oil companies, where workers make an average salary of about $100,000, often with little-to-no experience or need for a college degree ... But it's not just the oil companies that are hiring. The oil boom has brought such a big influx of people that every single industry -- from hospitality to retail -- has been hit with overwhelming demand as a result." Unemployment is all but nonexistent in these boom towns. Link to comment Share on other sites More sharing options...
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