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The Permian Basin region, anchored by the towns of Midland and Odessa, has survived past shakeouts, but some think this could resemble the crash of the 1980s.
Companies are using less oil to make and ship things. As consumers curtail travel, they use less oil, too.
Many products and services tend to cost more.
Low oil prices hit the state's mostly small producers hard. As a barrel of oil goes up, the industry is hopeful profits will start flowing again.