Welcome to the mid-1980’s, fellow Okies! Yeah, it sucks now. It is just like the mid-80’s except; there is no Reagan and instead of Disco, we’ve got Rap. Rap is the only thing that has ever made me even kinda miss Disco .... but I digress.
Anyway, we will live. It will be rough, but we will live.
One thing is for certain, though. It won’t be boring. In Oklahoma, there are two times when a guy can make a fortune: Oil Booms and Oil Busts.
The oil is still there and, temporarily, oil leases are gonna be really cheap.
You have that right!
This upturn and downturn of the Oklahoma oil economy is as old as Oklahoma. Oklahomans are used to oil booms and busts, and old school Oklahomans know this and plan for it accordingly.
The next shoe to drop in Oklahoma will be a real estate price drop.