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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.
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:
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.
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