Mad Money

Wed, 2011-08-24 05:00Steve Horn
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General Electric's Jim Cramer Heads to Midwest As Fracking Cheerleader

This article is cross-posted from the Center for Media and Democracy’s PRWatch

Today, CNBC’s Mad Money with Jim Cramer’s “Invest in America” series will take the show to a seemingly unlikely locale, a place many would consider the middle of nowhere – North Dakota.

Why North Dakota? Four words: The Bakken Shale Formation.

Referred to as “Kuwait on the Prairie” by The New Yorker in an April 2011 feature story and located predominately in northwest North Dakota, the shale formation possesses a vast amount of both oil and methane gas, gathered via the notorious fracking process. Recognizing the economic opportunities that the formation would present to fossil fuel corporations, the U.S. Energy Information Administration penned a report in November 2006 titled “Technology-Based Oil and Natural Gas Plays: Shale Shock! Could There Be Billions in the Bakken?”, highlighting them in some depth.

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