BISMARCK, ND — North Dakota is facing possibly unprecedented budget challenges as the oil market crashed this week. The plunge follows an international price war as well as dropping oil use during the covid-19 pandemic.
The energy industry has been integral in creating good-paying jobs and funding for North Dakota’s roads, schools, and other infrastructure projects.
Senate Minority Leader Joan Heckaman said:
“We’re committed to finding solutions that focus on the families, small businesses, and communities who rely on the energy industry for good-paying jobs. The industry has been a partner for years and we will continue to work together. We also should acknowledge the need to grow and diversify our economy and budget sources, so that we don’t face a storm like this one again.”