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As Price Of Oil Falls, Drilling Rigs In Colorado Feel The Pinch

A disassembled rig sits in a field east of Greeley, Colo. (Grace Hood/Colorado Public Radio)
A disassembled rig sits in a field east of Greeley, Colo. (Grace Hood/Colorado Public Radio)

Half of Colorado’s drill rigs have gone idle since the end of October. The decline in the oil economy’s growth here is directly tied to the low price of oil. Economic experts aren’t sure where prices are headed, and that translates into economic uncertainty and layoffs. From the Here & Now Contributors Network, Grace Hood of Colorado Public Radio reports.

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