Resilience in Times of Economic Boom and Bust: A Narrative Study of a Rural Population Dependent upon the Oil and Gas Industry

J Adult Dev. 2021;28(2):149-161. doi: 10.1007/s10804-020-09363-z. Epub 2020 Oct 22.

Abstract

How do residents of small towns that depend on oil and gas extraction or processing industries withstand economic boom and bust cycles? To answer this question, this article reports on a narrative analysis of residents' life stories gathered from 37 adults of a small town on the Canadian prairies dependent on the oil and gas industry, employing the theories of narrative inquiry and narrative identity. Participants aged 30 to 76 were interviewed and their experiences of living in an unstable economy that is dependent mostly on a single resource extraction industry were explored. Specifically, we asked participants about the effect of economic change on factors related to resilience like family interactions, work choices, educational pathways, and the quality of their social lives. Our analysis of adult narratives looked for patterns in the relationship between risk exposure, promotive and protective factors at multiple systemic levels (individual, relational, cultural), and functional outcomes such as individual coping, community cohesion, and social and economic sustainability. Results show that a strong identity, in particular expressions of personal agency, communion, and engagement in meaning making are contributing factors to adult resilience in a context of economic change. Our results also highlight how positive attitudes towards a better future may inadvertently undermine the need for residents of oil and gas-dependent towns to commit to economic diversification and other potential resilience-promoting strategies.

Keywords: Adult resilience; Boom and bust economic cycles; Life-story construct; Narrative analysis; Oil and gas industry.