Energy industry suffers from double whammy
By Lynsi Musselman
Albany has several local energy companies that employ residents and help keep the area economy healthy.
Even before the coronavirus, there was a decline in oil prices only made worse by a price war between Russia and Saudi Arabia.
H.R. Stasney & Sons manager Lance Thomas said the current conditions are not good for small west Texas towns.
“West Texas Intermediate daily price dropped below $20 a barrel last month,” he said. “And oil prices have not been this low in over 20 years.”