There is more to it than than just oil. OKC didn't go nuts like much of the country did during the real estate boom and likewise we didn't get our asses handed to us when the market dropped. We saw moderate gains followed by moderate loss. That's a big reason why OKC has maintained one of the lowest unemployment rates in the country throughout this financial crisis.

IMO this is a reflection of a culture that's a little more traditional and a lot more conservative than the rest of the country (and I don't mean crazy-right-wing-extreme-conservatism, though we have that here, too). People live, work and start businesses in OKC because they want to be here — not because they want access to VC/talent/incentives/loopholes.

I've lived in OKC for 20 years and we've stayed because it's a great place to live. My kids aren't passing through metal detectors at school, I can drive anywhere in the city in 20 minutes, the other guy always lets you go first at a 4-way stop, and when I say "hi" to a total stranger on the street they smile and reply in kind.