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sgigot t1_j8gvhnc wrote

Reply to comment by latinometrics in [OC] New Mexico Now Produces More Oil Than Mexico & Venezuela by latinometrics

Same thing happened in North Dakota 15-20 years ago. It's a great deal for the workers who show up, but a better deal for anyone who can sell them trucks or rent them apartments. It's a raw deal for anyone growing up there because you either have to work in the oil patch, find a way to cater to the travellers, or go broke.

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Due_Start_3597 t1_j8k2gm9 wrote

Did the N. Dakota gains from then stick around or not?

I'm thinking of so called "resource cursed" economies (Africa) where the resource they're rich in becomes a curse for future development.

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