A one-two punch from the coronavirus pandemic, as well as a price war in the international oil markets, has hit North Dakota hard.
Thousands are losing their jobs. Oil production in the state is tanking, and tax revenues are sure to follow.
The latter of the two just-mentioned causes for this was kicked off, in part, by Saudi Arabia. On this episode of Plain Talk Fahad Nazer, spokesman for the Embassy of the Kingdom of Saudi Arabia in Washington D.C., talks to North Dakotans about his country’s approach the oil markets.
On a previous episode, North Dakota Sen. Kevin Cramer told me that “Saudi Arabia and Russia” have been trying to “crush” shale oil producers “out of business.”