Sunday, December 27, 2015

This Is Canada's Depression: Surging Crime, Soaring Suicides, Overwhelmed Food Banks

The man that oil made
Back in March, we brought you “Drugs, Prostitution, Violence Plague Oil Boom Towns Gone Bust,” in which we detailed the plight of towns like Sidney and Bainville, Montana, where the slump in oil revenue has made it all but impossible for local authorities to cope with surging crime rates that some attribute to the influx of oil workers the communities experienced in the good old days of high crude prices.

The problem, apparently, was that despite the dramatic slump in oil, companies hadn’t yet begun to cut jobs or slash capex and so, officials were left with less money to put towards policing their growing populations.

As dangerous as it may be for small towns to experience exponential growth in what The Washington Post described as “highly paid oil workers living in sprawling ‘man camps’ with limited spending opportunities,” what’s even more dangerous is the prospect that suddenly, the majority of those workers will be jobless. That is, if there’s anything that’s more conducive to raising the crime rate than legions of highly paid young men living in small towns with “limited spending opportunities,” it’s legions of formerly highly paid young men stuck in small towns with limited job opportunities.

With that in mind, America can look north to Calgary for a preview of what’s in store for America’s oil boom towns.  (more...)

But, there are growth industries:

The mob has gone clean
Time to consider:

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