Bracing for Bust in West Texas

Yahoo Finance
Bracing for Bust in Texas

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In a faded West Texas town dotted with vacant buildings and potholed streets is a sparkling storefront window with a curious display: Behind the glass glint rows of diamond-studded Rolex watches, awaiting buyers whose pockets are packed with oil money. The watches reflect the wealth that has drawn money and men like a magnet to run-down communities that are fortunate enough to stand atop huge petroleum reserves. Thanks to hydraulic fracturing, oil towns where the boom days were a distant memory are getting another chance.

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