Chesapeake Business Practices

[progressiveboy]

OKC, is just too diversified now for the loss of one business to be a disaster. It would certainly cause problems but there are now enough other similar companies that would be willing to take up much of the slack. Although not as significant, we got through the closing of the GM plant with hardly a notice in the overall economy.

With that said, I don't think we are going to be in that situation so I'm not particularly concerned about it.

As for Penn Square, there were numerous other businesses that were directly affected by that. There is no comparison at all.

Can you give us examples of how OKC is so diversified? I have to disagree with this statement. Besides CHK, Devon, SR and CR, which are all oil and gas companies and "some " of the top employers in OKC it appears that the city still has the appearance of relying on one industry. I believe that if CHK did fail, it would have much more ramifications on the community than what you think. Diversification is the key to a economy and i feel that OKC has not learned from the oil bust of the early 80"s. Many people have a false sense of security that OKC will become the next Houston, however I feel "denial" can be a very dangerous, complacent attitude. OKC is a one trick pony town and still has the same mentality it had in the 80's. Has OKC truly evolved like a big league city?