Is North Dakota’s Oil Industry Finally Bouncing Back? ...Middle East

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Is North Dakota’s Oil Industry Finally Bouncing Back?
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Since 2010, North Dakota’s oil industry has boomed, putting McKenzie on the map as the fastest-growing county in the U.S. Following a year and a half of pandemic, the state’s oil industry is bouncing back, with the potential to expand its energy output over the next decade.  Even before Covid-19 hit, sending the world’s oil industry into a tailspin, oil prices in McKenzie soared to $130 a barrel before crashing to less than $40 a barrel. Crude oil production in the country increased by 1,800 percent between 2010 and 2014,…

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