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North Dakota Fracking Boom Leaves Oil Hub a Bust: Muni Credit
2013-02-26 07:00:00| Climate Ark Climate Change & Global Warming Newsfeed
Bloomberg: Oil extracted from wells ringing Williston, North Dakota, helped push the states surplus to a record $1.6 billion and generate the nations lowest jobless rate. Drilling also left the city broke. While the U.S. Census counts about 16,000 residents, Williston says it provides services to more than 38,000, including workers living in temporary camps, hotels, and even vehicles. Keeping up with the load is spurring budget gaps that will deplete rainy-day funds, according to Standard & Poors,...
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