Double Black Swan Hitting Texas Drags Down Rest of the U.S.

摘要

In all his years in the Texas oil patch, the billionaire Russell Gordy has never seen a bust like this.The nightmarish collapse in crude prices that has accompanied the coronavirus pandemic is sinking fortunesacross the Lone Star State, the nation’s second-largest economy. And not even Gordy, an oilman since 1973, cansee a clear way out.“Right now I’m paying people to take my oil,” he said. “I don’t see an end to this.”