240 000 Oil Related Jobs Could Be Lost In The U.S. This Year Estimates Show
Reuters reported on Wednesday that as many as 240,000 oil-related jobs could be lost nationwide in 2020, citing an analysis by Rystad Energy. The price of oil has plummeted while demand has dropped dramatically, with thousands of flights canceled and billions of people worldwide living under stay-at-home orders. “As soon as the virus hit and oil prices dropped, they sent everybody [the workers] home,” Joel Rodriguez, chief administrator of La Salle County, home of Texas’s second most productive oilfield, told Reuters....