Breitling Oil and Gas Morning Podcast #127 August 8th, 2012

Lets talk Bakken Shale in North Dakota h Dakota – let’s look at some startling statistics which highlight its growing impact on both a regional and national scale.Description: http://www.energyburrito.com/wp-includes/js/tinymce/plugins/wordpress/img/trans.gif

The unemployment rate is at a four-year low of 3% (versus the national average of 8.2%) and in certain counties it remains even below 1%

North Dakota restaurants are finding it impossible to recruit staff –the McDonalds not only offers a signing on bonus, but workers also get paid up to $25 an hour. Given the limited staffing at restaurants, the waiting time to be seated averages an hour, while some restaurants only have the drive-through open

Adult dancers are leaving Las Vegas and heading to North Dakota where they claim they can make 2x the money.

The GM dealership is indicative of the sudden wealth in the area, becoming the No. 1 seller of Corvettes in the entire U.S.

Rent in the Bakken currently ranges from $2,000 for a one-bedroom apartment to $3,400 for a three-bedroom apartment.

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