North Dakota is debt free with a surplus of cash that can only be spent with 66% of the legislature approving. Integrity seems to be plentiful there, but not in Washington, where Obama refuses to free up access to oil in our ground, at the same time that he is blowing taxpayer money on fraudulent green schemes.
How North Dakota Became Saudi Arabia
Harold Hamm, discoverer of the Bakken fields of the northern Great Plains, on America’s oil future and why OPEC’s days are numbered.
Wall Street Journal, 1 October 2011
Harold Hamm, the Oklahoma-based founder and CEO of Continental Resources, the 14th-largest oil company in America, is a man who thinks big. He came to Washington last month to spread a needed message of economic optimism: With the right set of national energy policies, the United States could be “completely energy independent by the end of the decade. We can be the Saudi Arabia of oil and natural gas in the 21st century.”
“President Obama is riding the wrong horse on energy,” he adds. We can’t come anywhere near the scale of energy production to achieve energy independence by pouring tax dollars into “green energy” sources like wind and solar, he argues. It has to come from oil and gas.
Phi Beta Iota: The difference between North Dakota reserves and the Canadian oil tar scam is that the latter requires vast amounts of aquifer water to flush, a trade-off that no honest person would ever make. The Governor of North Dakota has every right to nullify federal interference with his state’s natural resources.