Financial crisis? Recession? Depression fears? Popped bubbles? Overvalued markets? States on the brink?

Fuggetaboutit.

There's a real live boom happening right here in the United States, right in North Dakota. It has the country's lowest unemployment rate (4.3%) and a budget surplus of $1.2 billion. Home values are up, and companies are hiring.

Yep, while most of the country is riding out the recession, North Dakota is busy celebrating its recession-proof secret: the Bakken. . . and a newly found area.

How a New Oil Find Could Make You Richer. . . Again

About a year ago, we introduced many of you to the massive oil find known as the Bakken.

It's a behemoth oil reserve stretching across North Dakota, Montana, and southeastern Saskatchewan.

And it's no secret that oil rigs are successfully producing oil there, thanks to technological advancements.

But now geologists, alongside state and industry officials, have a hunch there's another large crude oil-holding formation in the state. It's called Sanish-Three Forks, and it could be as big, if not more resourceful than, the Bakken.

Lyn Helms, Director of the State Department of Mineral Resources, thinks it's "good or better" than what's available from Bakken. . . and it's supposedly so massive that companies are pulling up as much as 2,100 barrels a day.

But we're still waiting to hear if it's a drip pan of the Bakken, or a separate oil field altogether.

What the USGS Missed in 2008. . .

In 2008, the USGS told us there are 4.3 billion barrels of oil in the Bakken. . . but what they failed to notice is what could be a bigger oil source.

From what we're hearing, there's significant promise for Three Forks, given its substantially higher number of hydrocarbons when compared with the Bakken formation. . . which is another reason geologists think we're dealing with a separate oil formation all its own.

It comes down to this: if the Three Forks formation is determined to be a unique oil-producing formation, it could easily add billions of barrels of oil to North Dakota's oil reserves.

The combined formations could pump out as much as nine billion barrels! And we don't need to tell you that's a win-win for the recession-proof state. Find out how to play the latest boom here.

Good Investing,

Ian L. Cooper
http://www.wealthdaily.com

P.S. In case you've missed any of the recent top stories from Wealth Daily and our sister publications, we've included them here:

Apple Stock: Jobs Returns, Apple Shares Soar
Despite recent rumors, talk about Steve Jobs's demise has turned out to be greatly exaggerated. On the contrary to what's been said in hushed tones around the office water cooler, Jobs lives.

Junior Mining Stocks: One Hot Timing Play
Seven months ago, Brian was having dinner with a group of Vancouver stock brokers and venture capitalists at a tragically hip club in South Beach. When the check came. . . everybody had "penguin arms."  In other words, nobody reached for their wallets to pay for the group's overpriced meal.

Public Energy Opinions: Are You One of These Silly Readers?
Each day, it seems more and more that our energy problem is, in fact, a people problem.  

Swiss Banks Running out of Storage Space for Gold: Bleak Economic Outlook Rapidly Fills Bank Vaults
Swiss news website 20 Minuten Online reports that the country's banks are quickly running out of secure storage space for gold bullion owned by investors and institutions. Concerns over inflation, the global economic downturn, and the success of gold ETFs have rapidly filled Switzerland's bank vaults with bullion.

Energy ETFs: Solar Subsidies Drive Solar ETF Gains
Despite a drop in the key United States Oil Fund ETF (NYSE:USO), solar ETF shares are decoupling and outperforming other key energy ETFs. The reason is an action-packed July in which the U.S. and China are both promising huge flows of money into solar power projects.

The World According to Pimco's Bill Gross: Bond Guru Sees Risk
A founding member of the "new normal" camp, Gross is erring on the side of caution these days by adding to his cash position.

Gold Myths: 5 Gold Investment Myths Debunked
In the recent article "Gold Suppression Theory," Alex Koyfman discussed six institutions that don't want you to buy gold and why. The bottom line was this: every dollar you invest in gold is a dollar you don't invest in one of their preferred investment vehicles. . . whether it be stocks, mutual funds, or the US dollar. In the eyes of these institutions, investments in physical gold mean lost commissions and lower profits.

Time to Check out of This Troubled Sector
Struggling hotel REITs are only one part of the rickety tower in commercial real estate these days. Unfortunately, it's only a matter of time before the whole sector comes tumbling down. But that doesn't mean you have to be just a bystander to it all. Steve's identified 4 ways to earn big profits as it happens.

———————————————-

Ian Cooper's Market Insider

It's every investor's dream: buy into a theme before anyone else has caught on. . . ride it all the way up until it gets bubbly. . . and sell to the suckers who bought at the top.

It's like buying housing names in 2004 (as we did), only to sell and go short in 2007 (as we did). Or buying oil prior to the rise to $147 (again, as we did). . . or even dot-coms before the bubble burst.

Yep, we've become all too familiar with the term "bubble" in recent years. . . that unsustainable phenomenon pumped full of irrationality and over-valuation, only to burst and trigger monumental downturns.

We've seen it happen in Treasuries, financials, commercial real estate autos, and credit. We watched in tortured silence as an over-extended housing bubble popped, triggering a seismic credit meltdown.

And now. . . unbeknownst to many, as we deal with banking and housing issues. . . here's what's next.