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NDSU Study Gives Hard Numbers to the Impact of the Oil & Gas Industry
Post Date: Mar 11 2015

KX News
People at the Capitol are learning just how drastic the impact of the oil and gas industry are having on our state. 

43 billion dollars was added to the North Dakota economy in 2013 according to an NDSU study.

To support this growth 60,000 jobs have been created since 2005.

This is a 750 percent total increase.

Dean Bangsund a research scientist from NDSU says that North Dakota still has a long way to go to keep up with the changes.

"I think the industry has expanded faster than the state could respond in terms of infrastructure, there is tremendous needs for roads, sewer and water, housing, everything that goes with maintaining a healthy economy, we now need to catch up so I think that despite all of the revenues coming in we still have some tremendous challenges for us in Western North Dakota." says Dean Bangsund, research scientist as the Department of Agribusiness and Applied Economics at NDSU.

Bangsund says that he expects the number of jobs created to drop in 2015 depending on the price of oil and what the industry does in response to those changes.

NDSU Study Gives Hard Numbers to the Impact of the Oil & Gas Industry - KX News
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