Plain Talk: ‘A Very Challenging Period’ for North Dakota’s Oil Industry
On this episode of Plain Talk, Ron Ness of the North Dakota Petroleum Council talks about the problems the state’s oil industry is facing amid a slowing economy, coronavirus fears, and a price war set off by Russia and Saudi Arabia.
“The Bakken is one of the best oil resources in the world,” Ness says, and it’s “still going to produce oil.”
Still, things are hard right now. “This is a very challenging period,” he said.
The industry isn’t asking for sympathy, but he knows some industry leaders in the state are already starting to make decisions regarding on-going investments in the state.
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