Midland Texas has always been a roller coaster ride economy that has had long lines waiting to take a turn on the short-lived thriller. As early as the 1920s, Midland was an oil-rich railroad town with a slow, yet steady economy. It seemed to hit a low in the late 20s, early 30s but was able to sustain amid the great depression and restrictions during World War II. This was the beginning of the up and down economy that would become common place to settlers in this town.
BOOM went BUSTEdit
The late 1940s to 1960s were comfortable and kept Midland afloat as people were relocating and contributing to this growth spurt. However, in the early 1980s oil prices went from a high of $40 a barrel to about $10 a barrel, and the economy collapsed, the bottom fell out and the roller coaster came to an abrupt stop. Pumping was halted and just as suddenly as it had come the boom went bust. The economy took a nose dive and anyone left behind was forced to adjust. This would continue for the next 20 years.