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Algernon Moncrieff

(5,790 posts)
Tue Dec 30, 2014, 12:50 PM Dec 2014

The end of North Dakota’s oil boom is here

http://bakken.com/news/id/228609/end-north-dakotas-oil-boom/

The Williston Herald is reporting that the Bakken Club, a business which made national headlines by operating as an exclusive, members only club in a tiny western North Dakota town, has fallen on tough times. The club has been evicted by its landlord for allegedly failing to pay rent. The club’s owners, for their part, claim the landlord wasn’t keeping up the property they were renting.

Whatever the outcome, the struggles of the Bakken Club and its surreal business model relying on membership dues ranging as high as $25,000 per year are fraught with symbolism portending the end of North Dakota’s oil boom.

The crazy times are over. What remains for North Dakotans is to find out what the new normal is in the after-boom era.

It’s not like we didn’t know this was coming. The state’s growth in tax revenues, while still up a robust 14 percent biennium to date (according to the latest OMB numbers), isn’t exactly the boom of the last biennium.

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The end of North Dakota’s oil boom is here (Original Post) Algernon Moncrieff Dec 2014 OP
claim the landlord wasn’t keeping up the property they were renting. this is not a reason belzabubba333 Dec 2014 #1
Couldn't happen to a nicer industry Champion Jack Dec 2014 #2
:woohoo: femmocrat Dec 2014 #3
Well, that didn't take long. nt bemildred Dec 2014 #4
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