The historic oil price crash is set to have far-reaching impacts in the United States. While Texas leads the way in oil and gas production, it has spent the last three decades diversifying into new industries, giving it an advantage over states which rely heavily on oil and gas, reports the Wall Street Journal.
According to the Wall Street Journal, Wyoming, Oklahoma, Alaska, North Dakota and West Virginia all rely on energy production more than Texas.
In Oklahoma, which depends on energy production for 11.7% of state output, production and oilfield companies have laid off hundreds of workers. In Wyoming, where energy production accounts for 16.4% of state output, conditions are even bleaker.