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2017 | OriginalPaper | Chapter

9. The Bust

Author : Rick Ruddell

Published in: Oil, Gas, and Crime

Publisher: Palgrave Macmillan US

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Abstract

Between 2000 and 2015, several hundred American communities experienced the rapid population growth and industrialization associated with resource extraction. Neighboring counties also experienced spillover effects: housing shortages; growing demands placed on health, education, social services, and the justice system; and increased levels of antisocial behavior, disorder, crime, and traffic collisions. What is happening in the US is similar to energy-based or mining booms in other nations. One caution repeated throughout this book, however, is that while no two boomtowns are alike, all booms eventually bust. This chapter describes how some boomtowns became doomtowns after the resource bust of 2014–2015 as tax revenues decreased, businesses closed, and there was an uptick in crime in some places. Knowing the dynamics of the boom-bust-recovery cycle enables forward-looking politicians and government officials to prepare for the bust at the onset of the boom.

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previous chapter Explaining Boomtown Effects

next chapter Preparing for the Next Boom

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Title: The Bust
Author: Rick Ruddell
Publisher: Palgrave Macmillan US
Book: Oil, Gas, and Crime
Print ISBN: 978-1-137-58713-8

Electronic ISBN: 978-1-137-58714-5

Copyright Year: 2017
DOI: https://doi.org/10.1057/978-1-137-58714-5_9

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