Lex Anteinternet: What's with all those dire warnings

I was out of town this past week, so came home to a collection of newspapers.

One of them related that Wyoming had lost 3,000+ oilfield jobs.

We've had a variety of posts on this topic.  As we've been doing that, occasionally we'd read the articles that would relate that this down turn wouldn't be that bad.  At one time, we felt compelled to post an item entitled:

Lex Anteinternet: What's with all those dire warnings. . . .: and why are they on a blog that supposedly looks at history around the turn of the prior century? St. Francis Mission, Midwest Wyomin...

Well, the loss was higher than anticipated.

And now that a deal with Iran of some sort has been reached, and we can anticipate that the embargo on Iranian oil will cease, the trend is likely to amplify.