Pandemic and oil glut could cost Oklahoma 10,000 energy sector jobs
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April 24, 2020
Oklahomans are feeling widespread pain because of the nation’s economic shutdown in response to the coronavirus pandemic and a resulting glut in the demand for oil. Economic recovery in the state will be slow through this summer and into the winter, according to economists at Oklahoma State University, who predict that as many as 10,000 jobs could be lost in the energy sector alone.
“It’s not a pretty picture,” said Dr. Dan Rickman, a Regents Professor in Economics and a researcher at the OSU Center for Applied Economic Research (CAER) at the Spears School of Business. “Oklahoma faces economic...
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