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 months. And they are headed farther down.

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