Oil Boom

The Oil Boom caused many people to forget about living in Glendive,because the prices has gone Remarkeblhy,for example:the Price of a house used to be 400dollars,since The oil Boom started,the price went from 400 to 800or 1000dollars,which many people couldnt afford because of their montly wages,so they prefred to live in motels,but the problem is that its filled with workrs from the oil field.Because its the cheapest to get on housig.Another example would be a Local university in Glendive.They had troulbe finding staff for their students,all because they can afford housing made everyting difficult for Them and because the student  had alsmost no money,They were not able to live in outside the university campus,The people with scholarships had to stay inside the campus,they university could sustain the Situation by putting students of five in one room that was meant for only  4 Person.
Something Good about the oil boom,is that people That finish their uinversity,tend to get better jobs within the Oil drilling.
Negative thing for the university is that Graduates from the High School thought more about working on Oil fields rather than studying in universities.Mich may cause a Decrease of Income for The higher education system
People form the Government and the University had decied to come together to build a aparment for students that rented housing at a lower price.Many organization helped.
Since the Home for rent has went from 400 to 800 or 1000Dollars.
The demand  for houses went down,because the price increase alo
So its a inelastic curve.Which means if you increase the price the demand will go down explosivly.
Because the people cant afford to live in houses they
Many people decided to live in motel,which turned that all rooms were taken by the Workers.
Which means its a increase of the Demand curve.Because the competition for selling houses has gone up.the Business itself(Motel)will increase in revenue.
Student in University cant afford to live outside the University campus,The university was struggling to find matching staffs,That was caused by the price change.The supply of staff have decreased since the housing was too expensive.

Because the college doesn’t have a diesel instructor, the school can’t offer its gas and diesel classes that train students to work on automobile and diesel engines, including farm machinery.(Decrease of supply of diesel and gas)
Because Of the Oil Boom,Graduates from High school decided to work on oil field for 25$ an hour,instead of considereing to attened a college.Which means,The Income for university goes down,because the university need student to pay their tuition fees to be able to contiune their school,without the money,they might just close the school,or get Subsidy from government that can affect the University.
But having a Oil boom within the region can also means that Higher educated are likely to get Good salary jobs.That can increase a GNP of the state or country.