Tag Archives: Oil Boom
Cost-cutting and advances in drilling technology are helping companies withstand persistently low oil prices.
The middle class has shrunk faster in Midland, Texas, than nearly anywhere else in the U.S. Overall, more people are getting rich than falling behind. But extreme booms and busts make life precarious.
The falling price of oil is great news for consumers who are saving at the gas pumps, but in the center of the nation’s highest-producing oil field, cheaper gas means the economy’s hurting. Drilling is already slowing down, and people … Continue reading