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In West Texas oil boomtowns, 'the end is near'
In West Texas oil boomtowns, 'the end is near'

Fear blew in fierce over a patch of West Texas late last year, falling fast and without warning through gray skies to alight on the shoulders of men and women who depend on oil for their livelihoods. Oil that was once $100 a barrel started selling for $75, then $60. Well drillers started pulling out. The rumbling truck traffic slowed. Andrews National Bank director Russell Shannon has been through this before, back when he helped found the bank in 1983 and an oil glut sent prices spiraling down three years later. He experienced it again in the late 1990s, watching oil prices drop and a minor recession take hold. And when the Great Recession struck in 2008, months became years of...

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