Karnes County, Texas’ biggest oil-producing area, is suffering economic setbacks due to falling oil prices. The price of oil was US$100 a barrel last summer, and now is sold at just under US$45 a barrel. “Everything was good, and everybody was getting these big checks, and everybody waited for their land to be leased, and then it all came to a screeching halt around the beginning of the year,” said Vi Malone, the Karnes County Treasurer.
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