Colorado is about to lose thousands of jobs, again, as the latest boom and its promise of vast riches crashes into the reality of a volatile commodity market. Again.
Like in the last bust in 2008 that hit the western Colorado gas fields, it was just months prior that the boosters, peddlers, hucksters and snakes, oil-salespeople were all saying this time would be different, this time we would ride the mineral riches to everlasting everything.
Until we’re not. Until the prices, in the most volatile of animal spirited commodities—fossil fuels, drop. Again. And then Colorado is left holding the bag. Again.
Read full article here.