Household Income Soars In Energy-Producing States
North Dakota’s energy boom helped the state surpass California and Alaska to become the No. 2 oil-producing state in America. But oil isn’t the only thing that’s booming.
Household income rose faster in North Dakota than any other state between 2005 and 2010. Only the District of Columbia — home to the bloated federal government and overpaid bureaucrats — had a bigger increase, according to U.S. Census data. Three other energy-producing states — Colorado, West Virginia and Wyoming — rounded out the top five.
The rise in household income for North Dakota began around the time of the oil boom in the mid-2000s. It continues today, evidenced by the stories of North Dakotans featured in a recent video (below) produced by Heritage and the Institute for Energy Research about the often-maligned fracking process and the state’s embrace of drilling.