One “Occupy” Movement Is Still Going Strong

5

The employment situation in North Dakota remains the envy of the rest of the country:

While most of the country is still mired in a troubled economy, North Dakota is riding an unprecedented boom that has jobs looking for people, rather than the other way around.

“If we go back to 2004 the state was producing 80,000 barrels of oil a day and we had 12 drilling rigs operating. In 2009 we jumped to 50 drilling rigs and our production was about 150,000 barrels a day. In 2010 we went to166 rigs and were producing 300,000 barrels a day. And today we’re at 200 rigs, producing almost 500,000 barrels a day and we’re going to permit 2,000 wells this year.”

Back in October we nicknamed efforts to address this boom Occupy North Dakota (more here.) I think it’s now safe to declare Occupy North Dakota as the most successful of all the “occupy” movements. But there is still a long way to go. Like most western states, North Dakota is mostly empty space.  There is room for a lot more people, and apparently there are jobs waiting for them.

5 Comments

  1. 2011-12-12 19:37:04

    Phil, I tried to put a bit more thought into this here.

  2. 2011-12-12 11:44:00

    Will -- It's a real issue that many HR professionals see themselves as somehow apart from the business they are in -- as though their particular role creates a completely different charter. It does not! We did a show on this a while back...

  3. 2011-12-12 11:37:24

    Now the movement is growing. Occupy Kansas! We are the 1% -- who want to live in Salina...?

  4. 2011-12-10 23:03:00

    Brian Wang has a good deal more serious post about this issue up at his Next Big Future site, that also manages to give my own silliness a certain patina of reality. A man of true talent, that Brian. One of the great failings of those involved with the #occupy whatever event(s) has been their determined unwillingness to advance a positive message or objective. Pointing out the failings of "Wall street" or the banking industry more generally is all fine and well, not to mention fully deserved, but the failure to promote a positive alternative to the identified failing is where the #occupyers themselves fail. Speaking only for myself, I offer these bon motes as illustration of just how commonplace financial (or any other classification really) opportunity actually is if only the attention of a sufficient number of fellow venturers can be attracted to give substance to the potential position. Human Resources professionals too often in my experience are unwilling to even consider doing the one thing their job title ought to make the most commonplace and basic of professional duties, managing the strategic environment within which the resources of their companies particular humans can be allied with others to create a position that advances any of these potential opportunities into an improved corporate financial statement. In that strategy regulation isn't a boundary, it's a fulcrum to leverage advancement off of. Come on HR, get out of the "overhead" catagory and start troweling on the value with the rest of us hod carriers.

  5. 2011-12-09 21:59:40

    Since this horse refuses to die, lets give it a really good flogging. "And today we’re at 200 rigs, producing almost 500,000 barrels a day and we’re going to permit 2,000 wells this year." That would be on the order of 5 million barrels (42 US Gal./bbl) needing to be delivered to a refinery somewhere ... Every. Single. Day. A quick wikiwander later, it appears that one semi-truck trailer of heavy distillate would weigh a bit over 33 tons and consist of about 200 barels of oil needing transport to a refinery. Call it 5 trips per 1000 bbl (move the decimal point over three places to the right and times 5=) ... that should require about 5,000 semi-truck trips south every day. If only 10% of the projected 5m bbls of production coming online is transported over the road (instead of by railroad or barge - pipeline you say?), that requires slightly more than 20 truckloads leaving for points South every hour of every day or one every three minutes. All of which leaves unanswered the question of what to haul back North on the return trip (unless you want to double the cost of the oil). Occupy North Dakota my aging Butte Ox! ;-) How about a nice truck stop/fuel station with a really good central air system near Salina Kansas instead? A couple different fast food franchises along with a shower and laundry service and a T-1 line to send all the money to the bank as quickly as it gets collected. I'll be in the bar .... consulting with my investor millionaire partners, of course. Now that's a strategy!

Add a comment

Your email is never published nor shared. Required fields are marked *

*
*

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>