U.S. Oil Towns Could Take Years To Recover From Crude Price Shock

Oil towns and counties in America’s states most dependent on oil revenues are once again hit by the bust in the oil cycle, but this time the drilling activity slump and the job losses came faster than in previous downturns. And it may take years for communities and state economies to recover from the oil price crash and the lockdowns in COVID-19 pandemic, state and town officials told The Hill. 

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