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Oil crash causes drag on Texas economy

Attrition from crisis could result in loss of 60,000 to 80,000 mining jobs, as well as ripple effect on other sectors such as retail and hospitality

Published Sun, Feb 8, 2015 · 09:50 PM
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New York

AS the saying goes, everything is bigger in Texas.

For the past five years, the economy of the Lone Star State has outperformed the rest of the United States. But the collapse in oil prices has left Texas facing its toughest test since the financial crisis.

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