Whether you live in North Dakota or New Mexico, the entire world has felt the effects of low oil prices. The American consumer has enjoyed lower gas prices giving them more money to cover everyday expenses. Many oil field workers have been put out of a job. I talked to an oil industry related business yesterday out of Midland, Texas and they are suffering much because of the downturn. Ruben Gomez of Midland says lay offs are continuing in that area. So it is a mixed bag. The oil sector is restructuring after the collapse of oil prices and
opportunities may emerge for larger players wishing to snap up distressed
companies and expand into crisis-hit producer countries, according to key
industry players.
https://news.yahoo.com/oil-industry-see-opportunities-collapse-prices-155341584.html
