Sentences with phrase «previous oil booms»
In towns where the fracking industry has exploded, some people are already bracing for a bust like the ones that have followed previous oil booms.
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But oil is still far cheaper than at the peak of the previous eight - year boom that began in 2006 North Dakota's Bakken oil patch and supercharged the city of Williston.
My experience from previous booms and busts is that they will find their balance after creating chaos everywhere and as soon as the oil prices go back up they will resume their old ways and blame the royalties again for the disaster.