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Spotlight: Oil Patch Productivity Rises; Jobs Vanish

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  • Garrett Golding
  • Sean Howard

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.

Suggested Citation

  • Garrett Golding & Sean Howard, 2021. "Spotlight: Oil Patch Productivity Rises; Jobs Vanish," Southwest Economy, Federal Reserve Bank of Dallas, issue Second Qu.
    • Handle: RePEc:fip:feddse:92926
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