(WASHINGTON) — The oil boom resulting from the pumping of Bakken crude from North Dakota has also been a boon for U.S. shipyards, Matthew Paxton, president of the Shipbuilders Council of America, told CQ Roll Call. "Right now if all the orders were taken, you would have about 22 tankers on order (for domestic use). … That’s a fair amount of work, especially considering five or five years ago before this Bakken shale and Eagle Ford and all these other shale plays were coming on line, that’s 22 vessels that weren’t on order," he said.
Click here to read the expanded interview.