Is cheap gas driving the oil industry broke?

Is cheap gas driving the oil industry broke?

CBS News

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The global price of oil has fallen to $30 a barrel, which is good news for motorists - and bad news for the hundreds of thousands of workers in the oil and gas industry who are now out of work. Martha Teichner talks to a West Texas oil field contractor, and a Pulitzer Prize-winning expert on oil, to find out what is driving the downturn in gas prices.

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