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Boom and bust in Permian Basin oil markets
Oil prices in January rose 12.5 percent year over year, peaking near 96 dollars a barrel, with futures around 106 dollars last week and about 102 on Thursday. Industry leaders anticipate continued growth, despite past busts, citing regional infrastructure and workforce demand, housing shortages, and a retail and auto sales surge driving the Permian Basin economy in Odessa and Midland.
MENTIONED IN THIS ARTICLE
Ingham
Odessa
Midland
Permian
Kirk Edwards
Mac London
WELP
Permian Basin Workforce Development Board
Taylor
Permian Basin
Tom Green County
San Angelo
Lubbock
Abilene
Taylor County
CDL
ELL
Farmer & Company of
Dave Musgraves
Musgraves
Kevin Shiflett
la Bodega
Texas Workforce Commission
Midland Odessa
Ani
Chuck Petersen
TRE
Perryman
Middle East