If you are in an oil and gas region, you probably remember this bumper sticker:
“Just one more oil boom, Lord. I promise I won’t piss this one away.”
Twenty years later, here it is. Regional producers see ‘boom’ conditions for oil, gas in the future.
“World demand has increased significantly, both for oil and natural gas, and Ward thinks there will be a continued increase in the foreseeable future.”
So what is your community doing to take advantage of it? Community Foundations are a good option. They allow your community to capture a small percentage of the wealth that is about to be transferred out of town when the “old” generation dies off, and leaves the land to their city-dwelling kids.
And what is your business doing? Are you looking for ways to target the increased activity? If this means a boom time for you also, then are you saving some of the proceeds against the inevitable lean times ahead?
Technorati tags: small business, oil, rural
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Becky started Small Biz Survival in 2006 to share rural business and community building stories and ideas with other small town business people. She and her husband have a small cattle ranch and are lifelong entrepreneurs. Becky is an international speaker on small business and rural topics.