Texas oil industry faces prospect of collapse amid Covid-19 losses

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Oil and gas producers are trying to reopen after a ‘devastating’ halt, but pessimism about an economic recovery is widespread

Jeffrey Lattea finally got his first unemployment check this week, a whole month after he was laid off again. The 34-year-old resorted to government assistance to cover his bills after losing his second job in the Texas oil and gas industry just six weeks into it.

 

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Have they diversified at all to wind or solar?

Good

Petrol tax was introduced 1908 at 3d (equivalent to 1.3 new pence ) per gallon (just over 1/4 pence per litre) . Now in UK 58 pence ( $0.72 U.S ) in every litre of fuel we buy is tax. In the U.S $0.143 ( 12 pence UK ) in every litre of fuel is tax.

This is an opportunity to go clean and green, let's see if they take it.

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