Searchlight NM: Exploring the oil industry during the pandemic
3 Jul 2020
ALBUQUERQUE, N.M.- The Carlsbad area was poised to bring in billions of dollars to New Mexico through the oil and gas industry, then COVID-19 busted the historic oil boom.
Searchlight New Mexico highlights how the pandemic is affecting the Carlsbad community and one of the most crucial industries in the state.
More Topics
The COVID-19 pandemic is already causing shifts in the economy and workforce. Other than the obvious loss of employment, some of which will hopefully be temporary, another significant shift in the workforce involves employees in the professional services sector and others forced to work remotely from home. Although companies allowing...
In early May, many states began loosening restrictions on business operations. In California, for example, Governor Newsom announced that bookstores, music stores, toy stores, florists and some other retailers could reopen for pickup service. While restaurants were not a part of this first wave of reopenings, if all goes well, we could see them open their doors for seating...
Disruption of supply chains and the prospects of reshoring to the U.S. are not unique to the spread of the coronavirus and related pandemic. As is well-documented, the development of global supply chains over time has provided cost-competitiveness to many companies. However, as we have witnessed rising offshore wages and...