Oil Jobs Lost: 250,000 And Counting, Texas Likely To See Massive Layoffs Soon

Thursday, November 26, 2015
By Paul Martin

by Charles Kennedy of OilPrice
ZeroHedge.com
11/26/2015

According to Graves & Co., an industry consultant, oil and gas companies have laid off more than 250,000 workers around the world, a tally that will rise if oil prices remain in the dumps. “I was surprised it’s gotten this far,” Graves & Co.’s John Graves told Bloomberg in an interview. In an eye-catching statistic that highlights who exactly is bearing the brunt of the downturn, Graves says that oilfield service companies account for 79 percent of the job losses.

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