How The Boom-Bust Oil Cycle Is Playing Out In North Dakota The shale oil boom attracted thousands of oil workers to North Dakota, sending the population of some small towns soaring. In response, communities built up infrastructure projects — new wastewater facilities, schools, etc. But now they're facing hundreds of millions of dollars of debt that will take decades to pay off, not to mention continued uncertainty over whether they've built too much as they watch the boom-bust cycle of the oil patch. The shale oil boom attracted thousands of oil workers to North Dakota, sending the population of some small towns soaring. In response, communities built up infrastructure projects — new wastewater facilities, schools, etc. But now they're facing hundreds of millions of dollars of debt that will take decades to pay off, not to mention continued uncertainty over whether they've built too much as they watch the boom-bust cycle of the oil patch. Business
The shale oil boom attracted thousands of oil workers to North Dakota, sending the population of some small towns soaring. In response, communities built up infrastructure projects — new wastewater facilities, schools, etc. But now they're facing hundreds of millions of dollars of debt that will take decades to pay off, not to mention continued uncertainty over whether they've built too much as they watch the boom-bust cycle of the oil patch.
Read more on NPR
