1. Oil Jobs Squeezed As Prices Plummet.
- Author
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SPARSHOTT, JEFFREY and Talley, Ilan
- Subjects
- *
PETROLEUM workers , *PETROLEUM sales & prices , *CONSUMPTION (Economics) , *TWENTY-first century , *ECONOMICS , *ECONOMIC history ,PETROLEUM industry & economics ,UNITED States economy - Abstract
The article discusses how a decline in oil prices is impacting the oil and gas industries, as well as oil services such as the hydraulic fracturing industry. Topics include concern over budget cuts and the possible need for layoffs, how the price drop is expected to improve the U.S. economy and increase consumer spending, and how the economies of states such as Texas and North Dakota which have large oil industries, will be affected.
- Published
- 2014