Summary
Then, six or seven years ago, a bullet train of a boom came rushing through the countryside in the form of thousands of oil and gas wells. It's unlike any boom that's come before. It's huge: Gas and oil rigs are popping up in places people never dreamed they would, at unprecedented, incomprehensible speed. Colorado approved more than 28,000 drilling permits during the last eight years, more than were issued during the previous 18 years combined. Nationwide, gas wells are being sunk at three times the rate that they were a decade ago.
Economically speaking, there's a lot more to lose, and maybe to gain, this time around. Will the energy rush help the amenity economy? Or flatten it entirely, like a penny on the railroad tracks? It's a question that's on a lot of people's minds these days.See the full content of this document
Extract
Editor's Note Crash?
There was a time in much of the West when com- munities would hop onto an extractive boom like a hobo onto a freight train, determined to ride those high-paying...
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