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Fraser Institute Survey: Where Is the Best Oil and Gas Investment Climate? (South Dakota #1; New York State #102)

By Gerry Angevine -- July 2, 2010

South Dakota is the No. 1 place in the world for oil and gas investment, according to the Global Petroleum Survey 2010, an annual survey of international petroleum executives and managers conducted by the Fraser Institute, one of the world’s leading free-market think-tanks.

Results of the survey include:

· South Dakota, which was ranked seventh out of 143 jurisdictions in 2009, vaulted into the No. 1 spot out of 133 jurisdictions included in this year’s survey results.

· Along with South Dakota, American states claimed eight of the top 10 spots this year: Texas (second), Illinois (third), Wyoming (fourth), Mississippi (sixth), Utah (seventh), Oklahoma (ninth), and Alabama (10th).

· New York is the lowest ranked state at 102nd.

· Austria, ranked fifth, is the only jurisdiction outside North America to make the top 10.