In a very short time, the State of North Dakota surpassed Alaska as America's second-largest producer of oil. That was when the price was on the rise. Now it's on the decline.
Photo by J Stephen Conn
"For most of the past decade, North Dakota [was] the economic envy of every state in America." Now, it's in trouble because of something officials never expected: a severe drop in the price of oil. That's according to Jennifer Oldham, writing for Bloomberg.