Oil Bust Empties Out Private-Jet Parking Lot in Texas
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The oil boom last year was easy to see at the airport in Midland, Texas, the gateway to the biggest crude-producing region in the U.S. The 30 or so spaces for private planes were often filled.
On one day in early February, a lone corporate jet sat on the tarmac, the empty spots a harbinger of the slowdown looming in a city that is 85 percent dependent on the oil and gas industry.