Historically, oil companies have been quick to lay off workers when oil prices are down.
The boom and bust cycle in oil has let to big layoffs in the past.
From: http://bigstory.ap.org/article/booming-oil-towns-prepare-inevitable-bust
The boom and bust cycle in oil has let to big layoffs in the past.
From: http://bigstory.ap.org/article/booming-oil-towns-prepare-inevitable-bust