Fracking fuels the post-Recession economy and growth
Jonathan Thompson - High Country News
Oh how a housing bust, a nasty economic downturn and a shale oil and gas boom can change things.
Seven years ago this spring, the Census Bureau released a flurry of numbers about the economy and growth, which then spawned a bunch of articles about which parts of the country were growing fastest and why. Topping the list were mostly suburban, sun-belt counties with subprime mortgage-related housing booms. Palm Coast, Fla., gained the highest percentage of population between 2000 and 2006. Western counties near the top included Douglas in Colorado, Teton in Idaho, Lyon in Nevada, Washington in Utah and Pinal in Arizona. Forbes summed up the driving forces of the growth boom:
The high cost of urban living, cheaper land in the suburbs and new business opportunities in periphery communities are contributing to this boom. Not surprisingly, many of the most popular counties are in the South and Southwest–warm, business friendly, inexpensive and less populated than the Northeast.
Last week, the newest Census numbers were released, documenting the fastest growing metro areas in the U.S. between 2012 and 2013. The results look a bit different than they did back before the boom. The top five fastest growing counties now are: (...)
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