NPR on OKC: from boom to bust?

[Phaeded]

http://www.npr.org/2015/02/24/387750572/analysts-fear-a-prolonged-drop-in-oil-will-hurt-oklahomas-banks

Excerpt:

"I started in the business on July 6th, 1982, one day after the oil-related bank failures in the 1980s, when an oil glut caused a sharp drop in prices.

"The severity of the drop in prices reminds me of the '80s, but the situation is completely different," Agee says.

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We shall see - half of my fraternity class at OU was PLM in the early '80s as frosh - by the time everyone graduated in 1986 or so NO ONE was PLM - one guy got a geology degree. That's how bad it was....

 

[gsxrace01]

it's going to be harder and harder to get recruits to come to a state going forward in reverse.

 

[JConXtsy]

Originally posted by Phaeded:


"The severity of the drop in prices reminds me of the '80s, but the situation is completely different," Agee says.

"It's the same but different." - Agee

 

[JMISASANO]

It's totally different as technology can be a differentiator for a school like OU in this environment.

Focus on becoming a beacon for research on technology and process efficiency, then you may find yourself a top research player.