My god... Youngstown was a candidate for MOST depressed town in America for the last 35 years...
..... and now it is a boomtown?
Talk about a reversal.
The bigger cities near that region are Cleveland and Pittsburgh, both of which have seen declining populations for the last 35 years. Unlike North Dakota which does not have the infrastructure to take in 50,000 new jobs, this region already has a glut of housing, etc. from the prior population decline.
It couldn't be more perfect of a place for an oil boom.
"boom" is an unfortunate metaphor...a lot of the local people are unhappy about the earthquakes, which USGS & ODNR both agree, were caused by the nearby frack water injection well:
"...a lot of the local people are unhappy about the earthquakes, which USGS & ODNR both agree, were caused by the nearby frack water injection well" -- rjs
Don't you have a "global warming" conference to go to?
I would say that it is not going to be a boom-town. The US is in decline because the Fed's liquidity injections are destroying the currency and the real economy.
I dont think there are enough storage spaces for all the gas they are pumping out of the ground. Also there arent enough gas-powered plants to uses up the gas. With the record low prices and max capabilities to use them, i wonder if this boom will continue and if it does for how long before it stalls.
My god... Youngstown was a candidate for MOST depressed town in America for the last 35 years...
ReplyDelete..... and now it is a boomtown?
Talk about a reversal.
The bigger cities near that region are Cleveland and Pittsburgh, both of which have seen declining populations for the last 35 years. Unlike North Dakota which does not have the infrastructure to take in 50,000 new jobs, this region already has a glut of housing, etc. from the prior population decline.
It couldn't be more perfect of a place for an oil boom.
30 miles east of me...
ReplyDelete"boom" is an unfortunate metaphor...a lot of the local people are unhappy about the earthquakes, which USGS & ODNR both agree, were caused by the nearby frack water injection well:
http://www.scientificamerican.com/article.cfm?id=ohio-earthquake-likely-caused-by-fracking
"...a lot of the local people are unhappy about the earthquakes, which USGS & ODNR both agree, were caused by the nearby frack water injection well" -- rjs
ReplyDeleteDon't you have a "global warming" conference to go to?
I would say that it is not going to be a boom-town. The US is in decline because the Fed's liquidity injections are destroying the currency and the real economy.
ReplyDeleteWell dang rjs that's pretty funny quoting a once credible magazine that is now a propaganda rag for the hystertical AGW proponents...
ReplyDeleteI dont think there are enough storage spaces for all the gas they are pumping out of the ground. Also there arent enough gas-powered plants to uses up the gas. With the record low prices and max capabilities to use them, i wonder if this boom will continue and if it does for how long before it stalls.
ReplyDelete