Downturn In Oil Prices Rattles Texas Oil Economy

CUERO, TX - MARCH 26: Workers with the oil industry takes GPS coordinates for the laying of new pipe 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: Workers with the oil industry takes GPS coordinates for the laying of new pipe 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
PURCHASE A LICENCE
How can I use this image?
AED 1,850.00
AED

DETAILS

Restrictions:
Contact your local office for all commercial or promotional uses. Full editorial rights UK, US, Ireland, Canada (not Quebec). Restricted editorial rights for daily newspapers elsewhere, please call.
Credit:
Editorial #:
467701320
Collection:
Getty Images News
Date created:
26 March, 2015
Upload date:
Licence type:
Release info:
Not released. More information
Source:
Getty Images North America
Object name:
84507752
Max file size:
3000 x 2000 px (25.40 x 16.93 cm) - 300 dpi - 2 MB