Employment is critical. Energy producers and service companies may be going through turbulent times as a result of the present oil price decline, but the industry isn’t going anywhere anytime soon. Here’s why:

Four commodities provide almost 90% of the power Americans use every day.  These commodities make it possible for U.S. citizens to turn on the lights, run the air conditioning, charge an iPhone, drive—or be driven (as opposed to riding a horse or walking)—to work, or the supermarket or soccer practice:

Petroleum – 35%
Natural gas...

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