News
Oil Boom Swells North Dakota Town; What Now?
March 18, 2015 /
Shale oil turned this sleepy county seat surrounded by wheat fields into a boomtown, drawing developers to build housing for a population that has more than quadrupled in five years.
But with crude prices less than half of what they were nine months ago, land-rush euphoria is giving way to concerns that projects will stall and Manhattan-level apartment rents could plunge as drillers cut production and jobs.
By
Eliot Brown
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