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US oil states brace for fallout from crude's price bust

Mon, Dec 29, 2014 - 5:50 AM

Texas has lost 2,300 oil and gas jobs from October to November.

PHOTO: BLOOMBERG

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...

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