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==Economy== {{Unreferenced section|date=March 2011}} The population of Roosevelt is approximately 6,700 people, but the town serves as the business center for several times that number from the many small towns and farming communities in the area. Roosevelt is located in an area of vast [[oil reserves]] spanning the northeast corner of Utah and extending into [[Colorado Western Slope|western Colorado]]. The town "booms" whenever oil prices go up and falls on harder times when oil prices decrease. The proposed [[Uinta Basin Rail]] project would build a new railroad line into Roosevelt for transporting oil drilled in the area. The city used to have an [[oil refinery]], "Plateau", named for the geographic location of the area, the [[Colorado Plateau]]. The oil from this area is known as "Uinta Basin Black Wax Crude" and has to be refined differently than most types of oil. Those in the oil business and land owners who profit from oil shares indicated during the high oil prices of 2005β2006 that refineries were cutting their profits by limiting the amount of Uinta Basin Black Wax they would refine. Various types of farming, including beef cattle, sheep, pigs, horses, honey and hay, are prevalent in the outlying areas around town. Roosevelt is also home of the only hospital in the county, [[Uintah Basin Medical Center]].
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