Oil prices have been sinking for months. And while that's good news for most Americans, what happens to towns like Williston, N.D., that have built an entire economy around the oil industry?
The drop in crude prices, while beneficial for drivers, has already cost thousands of oil jobs. Schlumberger (SLB) was among several companies to take a hit, laying off 9,000 people last week.
Oil boomtown: 'We could see 20,000 layoffs by June' - Jan. 22, 2015
Tags: Bakken shale, boom, bust, energy, hydraulic fracturing, jobs, oil, petroleum, North Dakota,
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