A big impact on oil exploration cutting down jobs

It is said that the oil industry has invested more than 20 billion dollars in our country for exploration. More than 50K jobs were associated directly or indirectly. When these crude oil prices are falling down it would be difficult for the oil companies to work on the new explorations and this will force them to shelve the projects as they can’t meet the operating costs. This would intern effect the jobs associated to them.   So this is clear that the fall down of the prices has both good and bad impact. However, a stable price of crude oil barrel is much needed for the world’ economy to eradicate any hiccups which would affect all. For better tomorrow… let us hope for best!!