Denver and surrounding cities are home to a large number of local and national breweries. Many of the region's restaurants have on-site breweries, and some larger brewers offer tours, including Coors and New Belgium Brewing Company. The city also welcomes visitors from around the world when it hosts the annual Great American Beer Festival each fall.
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Molson Coors Brewing Company established its U.S. headquarters in Denver in 2005. Its subsidiary and regional wholesale distributor, Coors Distributing Company, is in NW Denver. The Newmont Mining Corporation, the second-largest gold producer in North America and one of the largest in the world, is headquartered in Denver. MapQuest, an online site for maps, directions and business listings, is headquartered in Denver's LoDo district.
Denver's position near the mineral-rich Rocky Mountains encouraged mining and energy companies to spring up in the area. In the early days of the city, gold and silver booms and busts played a large role in the city's economic success. In the 1970s and early 1980s, the energy crisis in America and resulting high oil prices created an energy boom in Denver captured in the soap opera Dynasty. Denver was built up considerably during this time with the construction of many new downtown skyscrapers. When the price of oil dropped from $34 a barrel in 1981 to $9 a barrel in 1986, the Denver economy also dropped, leaving almost 15,000 oil industry workers in the area unemployed (including former mayor and current governor John Hickenlooper, a former geologist), and the nation's highest office vacancy rate (30%). The industry has recovered and the region has 700 employed petroleum engineers. Advances in hydraulic fracturing have made the DJ Basin of Colorado into an accessible and lucrative oil play. Energy and mining are still important in Denver's economy today, with companies such as EnCana, Halliburton, Smith International, Rio Tinto Group, Newmont Mining, Noble Energy, and Anadarko headquartered or having significant operations. Denver is in 149th place in terms of the cost of doing business in the United States.
As of the 2010 census, the population of the City and County of Denver was 600,158, making it the 24th most populous U.S. city. The Denver-Aurora-Lakewood, CO Metropolitan Statistical Area had an estimated 2013 population of 2,697,476 and ranked as the 21st most populous U.S. metropolitan statistical area, and the larger Denver-Aurora-Boulder Combined Statistical Area had an estimated 2013 population of 3,277,309 and ranked as the 16th most populous U.S. metropolitan area. Denver is the most populous city within a radius centered in the city and of 550-mile (890 km) magnitude. Denverites is a term used for residents of Denver.