Booming oil towns in Texas, North Dakota spend cautiously to prepare for inevitable bust

  • by: JAMES MacPHERSON , Associated Press
  • Updated: October 15, 2013 - 3:19 PM

MIDLAND, Texas — In a faded West Texas town dotted with vacant buildings and potholed streets is a sparkling storefront window and a curious display: rows of diamond-studded Rolex watches, awaiting buyers whose pockets are packed with oil money.

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