To get a better understanding of how this turbulence could affect the economies of different cities around the US, we looked at how much mining and oil account for the percentage share of the GDP for all US cities — and isolated the ones that could be most hurt by the oil drop.
We used 2018 GDP figures of mining, quarrying, and oil and gas extraction, as well as total GDP by metro, from theMidland, Texas, had the largest share at 66.21%, as $21.7 billion of its $32.8 billion in total GDP came from mining and oil and gas extraction. Following around 20 percentage points behind was Wheeling, West Virginia, at 46.15% or $5.7 billion of its $12.4 billion in total GDP.
18. Tulsa, Oklahoma: Mining, quarrying, and oil/gas extraction accounted for 10.87% of the metro's GDP in 2018.$57.2 billion 17. Bakersfield, California: Mining, quarrying, and oil/gas extraction accounted for 11.87% of the metro's GDP in 2018.Total GDP: 16. Houma, Louisiana: Mining, quarrying, and oil/gas extraction accounted for 12.18% of the metro's GDP in 2018.Total GDP: 15. Beckley, West Virginia: Mining, quarrying, and oil/gas extraction accounted for 12.43% of the metro's GDP in 2018.Total GDP: 14. Longview, Texas: Mining, quarrying, and oil/gas extraction accounted for 13.
13. Duluth, Minnesota: Mining, quarrying, and oil/gas extraction accounted for 13.29% of the metro's GDP in 2018.Total GDP: 12. Williamsport, Pennsylvania: Mining, quarrying, and oil/gas extraction accounted for 13.42% of the metro's GDP in 2018.$887.6 million11. College Station, Texas: Mining, quarrying, and oil/gas extraction accounted for 14.71% of the metro's GDP in 2018.Total GDP: 10. Shreveport, Louisiana: Mining, quarrying, and oil/gas extraction accounted for 16.