Share
News

Texas Town's Oil Boom Has Barbers Making Insane Amounts of Cash

Share

Barbers are earning as much as $180,000 a year cutting hair in West Texas, one of the hottest job markets in the country, The Wall Street Journal reports.

An oil boom that has taken hold over the Permian Basin is leading to so much economic activity and expansion, the area can barely keep pace. In Pecos, Texas, barbers charging a minimum of $40 for a haircut are busy for hours without stopping.

Schools in the regions in and around Midland, Texas, are struggling to hire teachers because housing prices have risen so high. Some districts have taken to building their own housing on school property to attract educators to move to the area, The Journal reported.

The thousands of oil field workers bring additional foot traffic to the area’s relatively sparse towns and cities. Many restaurants are no longer frequented by local residents. Oil field workers line up outside before the diners open. Often, restaurants close for the day because they ran out of food.

High-paying oil field jobs are drawing the employees out of other businesses, leaving them without the labor needed to serve such a large base of customers.

The explosive growth in the Permian Basin oil field is symbolic of the boom happening across the American oil industry that is outpacing experts’ predictions. In a January report, the International Energy Agency predicted that U.S. oil production would rise by 1.3 million barrels a day in 2019, more than double its previous expectation.

“By the middle of the year, U.S. crude output will probably be more than the capacity of either Saudi Arabia or Russia,” the report said, meaning the U.S. will likely produce enough oil in six months to surpass what Saudi Arabia or Russia could produce in a year.

The U.S. passed Saudi Arabia and Russia to become the world’s largest oil producer in September.

Content created by The Daily Caller News Foundation is available without charge to any eligible news publisher that can provide a large audience. For licensing opportunities of our original content, please contact licensing@dailycallernewsfoundation.org.

A version of this article appeared on The Daily Caller News Foundation website.

Truth and Accuracy

Submit a Correction →



We are committed to truth and accuracy in all of our journalism. Read our editorial standards.

Tags:
, , ,
Share
Founded by Tucker Carlson, a 25-year veteran of print and broadcast media, and Neil Patel, former chief policy adviser to Vice President Dick Cheney, The Daily Caller News Foundation is a 501(c)(3) non-profit providing original investigative reporting from a team of professional reporters that operates for the public benefit. Photo credit: @DailyCaller on Twitter




Advertise with The Western Journal and reach millions of highly engaged readers, while supporting our work. Advertise Today.

Conversation