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The pandemic made 107,000 oil and gas jobs disappear. Most aren't coming back anytime soon
The oil and gas industry is laying off workers at an unprecedented pace to cope with a pandemic that crashed energy prices and raised doubts about the future of fossil fuels. A staggering 107,000 jobs vanished from the US oil, gas and chemicals industry between March and August 2020, according to an analysis published this week by Deloitte. That's the fastest rate of layoffs in the industry's history -- and it doesn't even include the untold number of people on furlough or taking pay cuts.