Journal Article
Spotlight: Oil Patch Productivity Rises; Jobs Vanish
Abstract: After major oil price busts in 2014 and 2020, the same engineering prowess that helped the oil and gas industry thrive has been driven to find efficiencies to lower operating costs. The result: Fewer workers are needed to produce the same oil and gas output.
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https://www.dallasfed.org/research/swe/2021/swe2102/swe2102f.aspx
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Bibliographic Information
Provider: Federal Reserve Bank of Dallas
Part of Series: Southwest Economy
Publication Date: 2021
Issue: Second Quarter