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US oil states brace for fallout from crude's price bust
Published Sun, Dec 28, 2014 · 09:50 PM
Houston
US STATES dependent on oil and gas revenue are bracing for layoffs, slashing agency budgets and growing increasingly anxious about the ripple effect that falling oil prices may have on their local economies.
The concerns are cutting across traditional oil states like Texas, Louisiana, Oklahoma and Alaska as well as those like North Dakota that are benefiting from the nation's latest energy boom.
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