Tonight on 'Kudlow' 7pm ET
Former Rep. Dick Armey
Randy Kroszner, Fed Ex-Gov.
Former Rep. Dick Armey
Randy Kroszner, Fed Ex-Gov.
America's Oil Rush: Boom or Bust
|
|
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.
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.
America's Oil Rush: Bust or Boom
Billions worth of black gold buried deep underground change a small town forever. CNBC’s Brian Shactman takes you inside a modern day oil rush in Williston, North Dakota
Billions worth of black gold buried deep underground change a small town forever. CNBC’s Brian Shactman takes you inside a modern day oil rush in Williston, North Dakota
The Downside of an Oil Boom
The money is still flowing in North Dakota, but the problems surrounding the oil boom are growing.
The money is still flowing in North Dakota, but the problems surrounding the oil boom are growing.
To Frack or Not to Frack?
There is a huge operating cost to drill down two miles and then two more miles laterally to find oil. The process of fracking — or hydraulic fracturing — is both costly and controversial.
There is a huge operating cost to drill down two miles and then two more miles laterally to find oil. The process of fracking — or hydraulic fracturing — is both costly and controversial.
Data is a real-time snapshot *Data is delayed at least 15 minutesGlobal Business and Financial News, Stock Quotes, and Market Data and Analysis
© 2012 CNBC LLC. All Rights Reserved.
