The residents of West Texas are accustomed to a life dependent on hydrocarbons. As Bloomberg reports, the small communities built into the flat West Texas desert are dotted with oil pumps and rigs, and the chemical smell of an oil field hangs in the air.
Here the economy rises and falls on drilling.
When the drilling is good, everyone in the town benefits. When it’s bad, most of West Texas feels the pinch.
Oil prices have plunged as much as 75 percent since June 2014. That drop has dismal consequences for residents, and not just the ones working in oil fields. Bloomberg spoke with some of the people trying to endure the historic dip in oil prices. This video tells some of their stories….