Can Layoffs Be Good For The Oil Industry?

And what does it mean for Texas? 

By Brenda SalinasApril 20, 2015 3:44 pm

More big oil layoffs: Schlumberger axes 11,000 jobs. Its profit falls 39 percent.

Those are the headlines causing waves throughout the oil sector. It’s a sign that things are getting really bad, or is it a sign that the industry will bounce back?

Dan Molinksi writes about energy markets for Wall Street Journal. Listen to his interview in the player above,