In this video, I talk with author and economic analyst John Sneisen on location in Yellowstone National Park (Wyoming) regarding the massive population loss Wyoming has suffered as the state's economy continues to crash following chaos in the oil market which Wyoming is heavily dependent on.
Oil prices are hovering around $42 a barrel.
Wyoming is considered the worst economy in the United States.
Casper, Wyoming itself dropped more than 1000 in population.
The city of Casper is a hub for oil and gas fields and lost 1.6% of its population.
In total, the Wyoming population dropped by 1,054 residents in 2016 which may not seem massive to some but it is for a state like Wyoming which is mostly taken up by wooded area and national parks like Yellowstone.
The energy downturn will continue to drastically effect those that are heavily dependent on oil and unfortunately are forced to bow down to OPEC as government drives competitive fields out of the market via regulatory strangleholds and vast taxation.
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Wyoming has always been a boom then bust state - it will rebound
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Solution - buy cryptocurrencies including Steemit!
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Interesting post! Check mine too if you are interested in cryptos and philosophy :-)
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