Falling Oil Prices Threaten U.S. Jobs and Energy Sector Stability
Douglas McIntyre, Editor-in-Chief at Climate Crisis 24/7, explains how fears of a recession and reduced demand from China have driven oil prices down to $60 per barrel. He warns that at this price point, shale drilling becomes unprofitable, potentially leading to major financial losses for oil companies and job cuts in the U.S. energy sector.
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