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The rise and fall of populations in oil towns are primarily determined by the fluctuations in oil prices and production levels. When oil prices soar or new oil discoveries are made, these towns often experience rapid growth due to an influx of workers seeking jobs and economic opportunities. Conversely, when oil prices drop or reserves are depleted, many workers leave in search of employment elsewhere, leading to population decline and economic stagnation. Additionally, factors like infrastructure development and environmental concerns can also influence long-term population trends in these areas.

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3d ago

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