Western Colorado suffers from the boom-and-bust cycle of the shale industry

In just four years, northwestern Colorado saw the number of drilling rigs decrease from 115 to 16, The New York Times reports. Whereas new school additions and businesses were sprouting up left and right to accommodate the shale boom there a few years ago, sagging natural gas prices and a lack of crude oil are causing these once-booming areas to become modern-day ghost towns, which is causing many to wonder if that will be the fate for other shale-rich areas, the article said. For more, read the full story here.