When A Texas Oil Boom Goes Busts
A year ago, the Permian Basin region was one of America’s hottest labor markets, fueled by a fracking gold rush.
Today, the oil field has all but shut down, and everyone is feeling the pain, from restaurant owners to landlords to barbers.
When an oil bust takes hold in West Texas, no one is spared: Drilling rigs collect dust, barber chairs sit empty, students drop out of school and lines swell at the food bank.
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