Several of the major energy-producing states face economic pressures in the coming year from both the global virus outbreak and the oil and gas price collapse. It's possible that in some energy states the effects of the oil and gas…
Had the great pleasure of taking a trip yesterday to Williston, North Dakota to see firsthand the economic activity underlying the development of the Bakken oil formation. It was an amazing sight, one I suspect is typical of the early oil and gas booms that reshaped areas of Pennsylvania, California, Texas, and Oklahoma.
The most interesting issue they face is coping with a lack of housing in the region given the tremendous population explosion. Cities I have worked with in the past have often lamented the housing shortages they face. I think now I really know what a housing shortage looks like.