A review of community impacts of boom-bust cycles in unconventional oil and gas development¶
Klasic, M., Schomburg, M., Arnold, G., York, A., Baum, M., Cherin, M., Cliff, S., et al. (2022). A review of community impacts of boom-bust cycles in unconventional oil and gas development. Energy Research & Social Science, 93.
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Primes¶
- Bloom And Bust Cycle
- Resource towns: a discovery pulls workers and capital to a remote site that swells and then empties on exhaustion, with abandoned infrastructure and remediation costs outlasting and often exceeding the boom-era gains.
This sourceReviews the ecological and social boom-bust impacts of unconventional oil and gas development on local communities, noting a dearth of research on bust-time impacts and calling for study of the long-term impacts of busts on public services, infrastructure, and social capital -- the resource-town discovery-pulse-then-bust arc whose costs outlast the boom.
- Resource towns: a discovery pulls workers and capital to a remote site that swells and then empties on exhaustion, with abandoned infrastructure and remediation costs outlasting and often exceeding the boom-era gains.
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