Comments by "Ray Bod" (@raybod1775) on "Fort McMurray, Once Booming Oil Town, Is Now the Insolvency Capital" video.

  1. Economic reality is... fracking with horizontal drilling has allowed U.S. oil to be abundantly produced at a cheaper price while higher mileage cars and more overall efficient manufacturing have weakened demand. Also, there has been a boom in solar and other renewables. Your government doesn't have and can't raise the income anymore to provide services like firefighting. There is plenty of mining towns that went out of existence. Welcome to the real world.
    2