American's Oil Rush: Boom or Bust

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America's Oil Rush: Bust or Boom
Billions worth of black gold buried deep underground is fueling a boom in jobs and the opportunity to get rich. CNBC's Brian Shactman explores the environmental concerns, rising crime and crude realities of a modern day oil rush. (originally aired February 6th, 2012)

The epicenter of an oil rush is in Williston, North Dakota. CNBC’s Brian Shactman is on the ground for an inside-look at a town like no other in America, overflowing with growth, jobs and opportunity. The once quiet town sits on top of one of the largest oil deposits ever found in North America and the process known as fracking is turning that enormous oil reserve into cold hard cash.

CNBC cameras capture both incredible growth and the serious growing pains that come with it, exposing a small town bursting at the seams. Boomtown is under immense pressure, crushed by truck traffic, plagued by lagging infrastructure, and shocked by a surge in violent crimes. But the biggest threat is the controversy surrounding what goes on underground. From worries over contaminated ground water to concerns about earthquakes, all over the country fracking is making news and taking serious heat. Will regulation aimed at fracking derail Williston? Brian Shactman goes beyond the headlines inside the real story of an American oil rush.

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  • Shactman joined CNBC in 2007 as a general assignment reporter and fill-in anchor for CNBC's business day programming.

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