Fracking Creates Expensive Housing

Fracking Creates Expensive Housing

note taken by Marshall Mayer on June 9, 2013 at 3:35 PM at the corner of Sandstone and Granite Drives, Alexander, ND USA

Image and text above Copyright © Marshall Mayer. This work is licensed under a Creative Commons License.

Marshall Mayer
Marshall Mayer says:
May 06, 2021 10:00 AM

Housing for oilfield workers in the Bakken was in short supply and very expensive while oil prices exploded. Man camps popped up everywhere overnight as wages were high for most workers. When market prices cratered (due to overproduction in a glutted market) lots of operations were no longer profitable. Mass layoffs ensued, and many of those man camps are still there, but empty.

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