N. Louisiana streets may soon be paved in gold
What if, overnight, you became a millionaire? It’s happened to quite a few people not too far from here in De Soto Parish, La., thanks to the large natural gas deposits that sit beneath the earth in northern Louisiana and in parts of north Arkansas.
The New York Times wrote a piece about how newly minted millionaires are coping with their hard-earned cash.
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One has to wonder, though, if this “boom” will soon go bust, much as the South Arkansas oil days did. Let’s just say that no one is expecting the financial center of the United States to be relocated to north Louisiana just yet. Still, there are many millions to be made there, and the economies of small towns that had little hope of surviving much further into the 21st century have been revived.
August 1st, 2008 at 9:16 pm
Just keep an eye on the folks over in Fort Worth that are making $$$ off of the Barnett Shale. That will give you a good indication of what will happen with the Haynesville Shale in Louisiana and the Fayetteville Shale north and east of Little Rock.