Pine Bluffs Post - Serving all of Eastern Laramie County since 1908

Crazy oil prices and new drilling technologies biggest news in 2014

 


Both statewide and worldwide, the biggest news story of 2014 has involved oil – both in how prices have dipped and how production has grown.

         Here in Wyoming, the state was experiencing a boom similar to the late 1970s and early 2000s as oil development has been going crazy.

         Back in June, bankers in Casper told me it was “the biggest boom” ever.  A few months later, oilfield folks told me that people were being laid off and rigs were being idled because of the sudden declining prices. The prices plummeted from $110 per barrel to $60 per barrel in mon...



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