Oil’s New Technology Spells End of Boom for Roughnecks

Christopher Matthews:

After 20 years in the oil-and-gas industry, Eric Neece was used to its booms and busts. He wasn’t surprised when he was laid off by GE Oil & Gas in Conroe, Texas, in 2015 after oil prices plummeted. He figured his job would come back when prices crept back up.

He was almost right.