Krugman Compares Pennsylvania's Shale Boom To North Dakota's
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Scott Detrow
Every liberal’s favorite economist, Paul Krugman, has put together an interesting blog post comparing Pennsylvania’s energy economy to North Dakota’s.
Both states have seen a major uptick in oil and gas drilling jobs, due to advances in hydraulic fracturing technology. But while North Dakota’s shale oil boom has kept unemployment there below 4 percent, Pennsylvania’s is only slightly below the national average, at 7.7 percent.
“The reason, of course,” he writes, “is that Pennsylvania has around 20 times as many people as North Dakota.”