2020 has been a very special year. The Coronavirus has reshaped the global economy. People are working more from home, but also relocating outside of expensive cities as there is no point in being close to one's office any more if teleworking becomes the new normal. As people move less, petrol consumption has been falling. The global efforts to combat climate change by cutting CO2 emissions was another blow to the petrol industry. Many oil producing countries are already suffering from the fall in oil prices and consumption. With sales of electric vehicles booming, we are probably entering age of the "end of petrol" (at least of wasteful petrol for transports and energy, as petrol will still be needed for plastics and other things). The US is the world's biggest oil producer, so its economy is going to feel the blow. Some states are far more dependent on petrol production than others. Here are those that will surely see their GDP decrease in the coming years. According to USA Today oil is the biggest industry in these states.
- Alaska : 15.9% of GDP from oil and gas extraction
- Oklahoma : 14%
- Texas : 9.3%
- New Mexico : 8.2%
- Louisiana : 7.5%
- North Dakota : 6.6%
- Colorado : 3.9%