Aired on the Doomstead Diner on January 12, 2014
Discuss this RANT at the Podcast Table inside the Diner
The FUTURE for Williston, ND
…So, on the consumption end, the lower prices don’t look like they will make much difference, but in terms of jobz in the economy, both directly in the energy extraction industry and then in all the ancillary services that these folks pay for, like restaurant trips and hookers and blow also will take a hit. Taking a hit after that is all the Real Estate that has been bid up in price in neighborhoods these folks settled in while the Boom was underway. To get an idea of how Rel Estate values stand up when a mining Boom goes Bust, all you have to do is look at any of the thousands of abandoned Ghost Towns in the old west after the local Silver Mine played out. Williston, ND is set up to be the biggest Ghost Town of all time when the Frackers close up shop there…
For the rest, LISTEN TO THE RANT!!!
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Jan Stenerud, GREATEST Placekicker of ALL TIME!