The energy boom unfolding in the northern Plains states, centered in North Dakota, is quickly spilling over into Montana. It’s a big reason the U.S. is now forecast to be the world’s biggest oil producer within a decade. Not surprisingly, the boom is affecting the economic and educational choices of young people.
Reporter Jack Healy is based out of Denver, and he headed north to the vast plains of eastern Montana for a story in this week’s New York Times.
“In the last few years, there’s been a real transformation of this rural landscape: new drilling rigs, new companies…and you also have job opportunities for high school kids that were unheard of just a couple years ago,” Healy explains.
These jobs are a far cry from low-wage jobs at the local Dairy Queen or McDonald’s that were more common a decade back. They involve a lot of secondary work in the oil fields, Healy says — which means everything from repair work on rigs and wells to making deliveries. Peripheral jobs have popped up as well, like the cashier Healy met who is making $24 an hour at a gas station that serves the industry.
There is some cause for concern, though.
“The worry is that this kind of song has been heard before in parts of the country that have seen these resource booms,” Healy points out. In his home state of Colorado, a prior shale and gas boom basically dried up overnight, creating massive unemployment.
He thinks the same issue could arise in Montana.
Choosen excerpts by Job Market Monitor from
via High school grads head straight for jobs in Montana | Marketplace.org.
Related Posts
Texas / Half a million jobs added by oil and gas boom
Texas has gained more than 576,000 jobs from the ongoing U.S. oil and natural gas boom, far more than any other state, the IHS CERA analysis group reported Wednesday. The estimate includes both direct hires by oil and gas companies and other jobs in manufacturing and services that contribute to the boom or benefit from … Continue reading »
Ohio / Shale gas development would support 39,000 jobs
The gas and oil industry’s development of Ohio’s Utica shale supported nearly 39,000 jobs in the state in 2012 and generated $1.5 billion in taxes, a new economic study commissioned by the industry estimates. Released Wednesday as part of a multi-state analysis by IHS, Inc., a global market information and analytical company, the study noted … Continue reading »
Fracking and Jobs Debate / Report says it could create 7 000 jobs in NZ while UK gives green light
Venture Taranaki has joined in on the fracking debate, releasing a study that forecasts billions of dollars and thousands of jobs over the next decade if fracking is allowed to continue. The economic development agency and Wellington-based economic analysis company Berl have developed a report on the economic impact of the fracking of onshore oil … Continue reading »



Discussion
Trackbacks/Pingbacks
Pingback: Lloyds Banking Group’s study claims oil and gas jobs bonanza | Job Market Monitor - March 4, 2013