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Tag Archives: bust

Dear Lord, please let us see another boom

It is common knowledge that the Oil & Gas Industry is very much like a rocket and a shovel. It’s either shooting sky-high or digging us into a hole and burying us in darkness. Right now the latter is our truth. It seems we are all saying, “Not now, we can’t afford it.” Working in the Oil industry is definitely ...

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The end of North Dakota’s oil boom is here

The Williston Herald is reporting that the Bakken Club, a business which made national headlines by operating as an exclusive, members only club in a tiny western North Dakota town, has fallen on tough times. The club has been evicted by its landlord for allegedly failing to pay rent. The club’s owners, for their part, claim the landlord wasn’t keeping ...

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Oil boom and housing bust alter US spending trends

Christopher S. Rugaber | The Associated Press WASHINGTON — Consumer spending has soared since the Great Recession ended five years ago in U.S. states with oil and gas drilling booms and has lagged in states hit especially hard by the housing bust. The figures come from a new annual report the government issued Thursday that for the first time reveals ...

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Who knows what the future holds for Watford City

watford city

By Lydia Gilbertson | Google+ Watford City has seen some of the most dramatic growth of any of the oil boom towns in North Dakota. What years ago was a small, quiet town in rural North Dakota is now a bustling industry town filled with trailers and new developments. Governing.com’s Curtis Johnson is explores the rapid expansion Watford City is ...

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