North Dakotans struggle to legislate full marijuana rights in the Peace Garden State as oil price collapse threatens economy
by: Harold Shaw
NaturalNews.com
Friday, March 04, 2016
At the beginning of 2016, freight costs were so low that nearly every cargo ship around the world was anchored. Goods were so cheap that their prices didn’t cover the expenses of transportation. Now it’s happening to oil. The fracking industry literally helped the economy drill through the 2008 crisis. Everyone involved anticipated huge profits to be made in petrol. They were right, but what they refused to take into consideration is that a free market will always be influenced by supply and demand. Too much oil was supplied, so the prices crashed.
At this point, laid-off field workers are traveling for new employment or trying their best to adapt to other positions. Still, things are far from what they once were. Business is down, hotels are barely occupied and the camps where oil workers used to live are now empty and forlorn. According to David Owen, a student at the University of North Dakota, the answer is legalizing marijuana. On the one hand, many conservatives might frown and even reject the proposition, but on the other, the UND student makes a strong argument for this niche agricultural industry.
What’s going on in the Peace Garden State?
North Dakota is just one of the places that started to drill massively for shale oil and gas. Back in 2008, there wasn’t enough time to discuss the refinements of market analysis. Americans needed jobs to pay their mortgages, keep their families fed and their kids in school. For a while, it worked. In 2013, thousands of people looking for a job were coming to the Peace Garden State from all over the country.
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