for North Dakota
North Dakota is looking to manage its resources and finances prudently to keep as much damage from oil price volatility at bay and develop longer-term sustainable growth through deeper economic diversification.
There's a clear opportunity for new downstream capacity in North Dakota, but intensely high capital costs, oil price volatility, complex regulatory hurdles, and the uncertain outlook for shale could derail refining projects in the state.
Can low oil prices tip the economy into a recession? Not on their own, but the fact that a key sector that was instrumental in the post-2008 economic recovery is suffering is worrisome.
Senator Heitkamp outlines an aggressive energy policy strategy that emphasizes free trade, domestic production, and fuel diversity.