As head of Continental Resources Inc., Oklahoma native Harold Hamm has been at the forefront of the shale revolution that has turned North Dakota into a boom state. Now Hamm has donated $10 million to the University of North Dakota’s school of geology to enhance educational offerings in petroleum geology and related fields.
It’s the largest gift ever from someone who is not an alumnus of the school. President Barack Obama claims people like Hamm need to pay “a little more” in taxes as a matter of supposed fairness. But Hamm’s success in creating jobs and associated philanthropy far exceed anything done by Obama in spite of the billions he’s wasted in stimulus funding.
If the president gets his way, it will be students and job seekers currently benefiting from the vision of the Harold Hamms of the world who will ultimately pay the price.