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Oil layoffs abound, but American oil production is still booming

McClatchy News - American oil production is still booming in Texas and other energy-rich states despite the oil price crash and resulting mass layoffs and shuttered drilling rigs, raising the question of what it’s going to take to stop the fracking revolution.

A worldwide oil glut has driven oil prices down more than half since the summer, one of the largest price collapses in history.  Read more.


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