Plain Talk: ‘A Very Challenging Period’ for North Dakota’s Oil Industry

North Dakota natural gas flares in western part of state. Forum News Service file photo

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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Rob Port is the editor of SayAnythingBlog.com, a columnist for the Forum News Service, and host of the Plain Talk Podcast which you can subscribe to by clicking here.

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