Maybe people other places are suffering the slings and arrows of outrageous economies, but in some places it is all about the oil (over $121/barrel), or natural gas. Pronounced by old-timers like my dad and uncle, who grew up in the business: awl and gas.
Fort Worth, Texas, part of the D/FW Metroplex, our nation's fourth-largest metro area, is a new boom town, sitting on top of the Barnett Shale natural gas field.
The current issue of Fortune has this by editor-at-large Peter Elkind, a native of Fort Worth:
"Once-struggling oilmen and big landowners are suddenly flush with gas money, while thousands of average homeowners are now collecting modest monthly royalty checks. According to an industry-funded study, an estimated 84,000 jobs have been created throughout the region by the drilling boom. "It's created a new wealth in our city," declares Fort Worth Mayor Mike Moncrief. "It's inoculated our economy. We find ourselves being an island in a sea of recession around us."
Houston was booming. Dallas is flush and growing. Oklahoma City is like a boom town all over again, Borger, Texas has new motels to accommodate the business coming in to refine all the sandy shale oil being drilled in Canada and Fort Worth is raking it in in royalties with cranes and developments going up all over the place.