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Just one more oil boom – what will you do with it?

By Becky McCray

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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About Becky McCray

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.
  • Downtown is your town’s core: How to make your case - February 22, 2021
  • Zoom Towns: attracting and supporting remote workers in rural small towns - December 10, 2020
  • In an economic crisis, spend your brainpower before your dollars - November 25, 2020
  • Video: How to fill empty car dealership buildings for the holidays - November 6, 2020
  • How has 2020 changed the challenges rural small towns face? Tell us here - October 20, 2020
  • The Idea Friendly Method to surviving a business crisis - October 6, 2020
  • Join me for the Rural Renewal Symposium online Oct 13 - September 26, 2020
  • Cheap placemaking idea: instant murals - September 11, 2020
  • Refilling the rural business pipeline - July 7, 2020
  • Huge vacant buildings: grants to renovate? - June 9, 2020

January 19, 2006 Filed Under: rural

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Comments

  1. maez says

    January 20, 2006 at 3:42 pm

    hoo-yaa, master chief!

    I feel about the latest oil boom the way I felt about the Y2K scare when

    every other firm out there was looking for COBAL programmers–I hope
    they
    don’t find me. But then again, all this knowledge/talent going to waste.

Trackbacks

  1. Make the most of one more oil boom says:
    April 15, 2013 at 4:24 am

    […] question then was what will you do with this oil boom? We’re nearly three years further into this boom since I asked. Let me remind you of two of […]

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