‘Crisis of Shock’: Virus, Price War Rock Texas Shale Heartland
Pump Jacks extract crude oil from oil wells in Midland, Texas, U.S. (Photographer: Angus Mordant/Bloomberg)

‘Crisis of Shock’: Virus, Price War Rock Texas Shale Heartland

(Bloomberg) -- Just last week, when crude oil prices fell to $46 a barrel, the mayor of the biggest city in the world’s largest shale oil patch seemed oddly calm, almost relieved.
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