Wednesday, June 27, 2012

North Dakota Mining vs. New York FIRE

The following chart shows total North Dakota mining wages and salaries divided by New York FIRE economy wages and salaries.

Click to enlarge.

It has gone parabolic. One wonders how long it will last.

December 2, 2011
Oil Boom Puts Strain On North Dakota Towns

Imagine you live in a small rural town worried for years about depopulation, and suddenly, overnight, the population doubles, and the newcomers are thousands of young men without families. Imagine that you live in a tiny town with one main street that doubles as a state highway.

That's the situation in New Town, N.D., population 1,500 — at least, it was a couple of years ago. Today it's anybody's guess how many people live here, and no one knows how many 18-wheelers roll through every day, either. They just know it never stops.

Source Data:
St. Louis Fed: Custom Chart

1 comment:

Stagflationary Mark said...

I actually don't have much of an opinion on how long it will last.

I will say that I think we'd be better off with more oil and less fire economy.