By: Haylee Uptergrove, KTXT NEWS
The drop in crude oil prices is leading to deep cuts in oil industry jobs. Layoffs are nearing the 100-thousand mark and more are in the pipeline.
The heaviest losses are in the oil-producing states of Louisiana, Oklahoma, North Dakota and Texas. Oil prices are down 55-percent since last June and industry layoffs began in December.
The job cuts are across a broad swath of the industry, from oilfield exploration and production, to services companies, and manufacturers that supply the industry, such as U.S. Steel.
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