I grew up on the Oklahoma/Texas border and had friends work in the "oil patch", as they call it. Yes, the pay is big bucks. But the work is hot, dirty, long hours, and very dangerous. Worker's getting maimed or killed isn't uncommon.
It's always been a boom followed by a bust. The smart people try to save all the money they can, because when the black gold rush suddenly shuts down due to market economics. People who thought the boom would last for years, and rushed out and bought a new car and house, are suddenly jobless and facing bankruptcy.
I've seen the cycle repeated many times. ....