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How was the environment negatively affected by boom-bust cycles?

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The boom-bust cycles associated with resource extraction have a number of negative impacts on the environment. During boom periods, there is typically an influx of people and infrastructure development, leading to the clearing of natural habitats and disruption of wildlife. The construction of roads, buildings, and other infrastructure can lead to soil erosion, water pollution, and other forms of environmental degradation. The exploitation of resources, such as mining or drilling, can lead to contamination of soil, water, and air, which can have long-lasting effects on the environment and human health. In addition, the bust periods associated with boom-bust cycles can leave behind abandoned infrastructure and environmental damage that may take years or even decades to remediate.

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