North Dakota's current oil boom creates 2,000 millionaires yearly
And so the story goes: recently, a couple left from Central WI to take a spontaneous, leisurely trip across the Dakotas and onto Montana. No planned reservations were made at destination overnights. To their dismay, hotels, motels, B&B’s, etc, were booked across these northern territories – no room at the Inns - for about two years. The new “oil rush” to these territories is creating sudden growth, not unlike the historical Western CA gold rush in its day.
Hence, this couple slept in their car for two nights, and reestablished a different travel path. According to the Minot Chamber of Commerce, 9 new hotels are being built in Minot, NK by this Spring, 2013. This is a sampling indicator of what is yet to come throughout the communities affected by this modern day gold rush.
The petroleum-rich Bakken formation, covers much of western North Dakota and neighboring Montana and Saskatchewan. These territories have become a modern-day 20th century gold rush. According to experts in the industry, the Bakken oil field discovery in Western North Dakota and Eastern Montana, has the potential to be one of the largest discoveries of recoverable oil. It is positioned to profit from the lucrative subsurface. Today, the full amount of recoverable oil, thought to be in the Bakken/Three Forks formations, continues to be raised by the oil industry as new revelations on exploration abound
Read more at examiner.com.