ECONOMIC IMPACTS OF THE 2020 OIL MARKET CRASH

Payne Fellow Brad Handler and Director Morgan Bazilian write about how the upstream oil and gas industry risks losing more than 200,000 jobs over the next six to 12 months—comparable to the 2015–2016 oil market downturn—and appears poised to shrink over the longer term, as well. This may challenge states and local communities that have significant upstream exposure and suggests they focus on making their economies more resilient.  May 21, 2020.