Oil Is In Trouble. So Is Texas.
The oil industry is in the midst of one of the worst busts on record. The price of oil is a third less than it was in January, and for every dollar the price drops, Texas stands to lose $85 million a year in economic impact. We travel to Midland and Odessa to talk to people who work in and around the oil fields about how they are weathering the collapse in the market.
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