The Tale of Two North Dakota Video The two videos above are about 3 years apart. The first one was produced in 2012; the second one was produced at the end of 2015. After watching this video, what do you think are the downsides if the economy relies too heavily on one or few commodities?
Do you see any similarities between the North Dakota and Houston economies? Do you know anyone who is currently being affected by this downturn in the oil market? What are some of the potential solutions that can alleviate this problem right now?
Personally, I brought a Prius in 2013. At the time, gas was about $3.00 per gallon. So I thought I can save a lot of money with my long commute. Then by 2015 gas become really cheap. It was as low as $1.50 per gallon. So I couldn’t save that much money anymore, and I was stuck with a very slow Prius. So I sold the Prius and brought a very immature Subaru WRX. I feel much younger now.
Watch the videos below:
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