Downturn In Oil Prices Rattles Texas Oil Economy

CUERO, TX - MARCH 26: Natural gas is flared off at a plant outside of the town of Cuero, Texas. Texas, which in just the last five years has tripled its oil production and delivered hundreds of billions of dollars into the economy, is looking at what could be a sustained downturn in prices. Crude oil prices today are almost 60 percent lower than they were six months ago.While the Texan economy has become more diversified over the years, oil is still the states largest monetary generator and any sustained downturn would be devastating for employment and the economy. Outplacement firm Challenger, Gray & Christmas this month said a drop in oil prices have been responsible for 39,621 job cuts in the first two months of the year. (Photo by Spencer Platt/Getty Images)
CUERO, TX - MARCH 26: Natural gas is flared off at a plant outside of the town of Cuero, Texas. Texas, which in just the last five years has tripled its oil production and delivered hundreds of billions of dollars into the economy, is looking at what could be a sustained downturn in prices. Crude oil prices today are almost 60 percent lower than they were six months ago.While the Texan economy has become more diversified over the years, oil is still the states largest monetary generator and any sustained downturn would be devastating for employment and the economy. Outplacement firm Challenger, Gray & Christmas this month said a drop in oil prices have been responsible for 39,621 job cuts in the first two months of the year. (Photo by Spencer Platt/Getty Images)
Downturn In Oil Prices Rattles Texas Oil Economy
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Crédito:
Spencer Platt / Fotógrafo de plantilla
Editorial n.º:
467688564
Colección:
Getty Images News
Fecha de creación:
26 de marzo de 2015
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Fuente:
Getty Images North America
Nombre del objeto:
84507076
Tamaño máx. archivo:
3000 x 2000 px (25,40 x 16,93 cm) - 300 dpi - 580 KB