Oil Boom in North Dakota - apologise
The end of the oil boom in western North Dakota has been just as hard for North Dakotans to comprehend as its beginning was, ten years ago. In , when oil prices were high, prospectors discovered the Parshall Oil Field, triggering a period of furious drilling across the state. Government officials quoted rosy forecasts that oil production would remain steady, but another summer passed and production declined. One night in November, a local television station ran a segment in which a bulldozer fed whole trailers, which had been abandoned by oil workers, into a crusher. The trailers broke like eggs. Oil Boom in North DakotaIt is named after the Lakota and Dakota Sioux Native American tribes, who comprise a large portion of the population and historically dominated the territory. It is the nineteenth largest in areathe fourth least populousand the fourth most sparsely populated of the 50 states.
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Its capital is Bismarckand its largest city is Fargo. North Dakota was admitted to the Union on November 2,along with its neighboring state, South Dakota. They were the 39th and 40th states admitted to the union.
President Benjamin Harrison shuffled the statehood papers before signing them so that no one could tell which became a state first. For convenience, the two states are officially numbered in alphabetical order. Such development has led to population growth and reduced unemployment, resulting in North Dakota's having the second lowest unemployment rate in the nation after Hawaii.
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It lies at the center of the North American continent and borders Canada to the north. The geographic center of North America is near the town of Center. Bismarck is the capital of North Dakota, and Fargo is the largest city. Soil is North Dakota's most precious resource.
It is the base of the state's great agricultural wealth. North Dakota also has enormous mineral resources. These mineral resources include see more of tons of lignite coal. In addition, North Dakota has large oil reserves.
Petroleum was discovered in the state in and quickly became one of North Dakota's most valuable mineral resources. In the early s, the emergence of hydraulic fracturing technologies enabled mining companies to extract huge amounts of oil from the Bakken shale rock formation in the western part of the state. North Dakota's economy is based more heavily on farming than the economies of most other states.]
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