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Oil crash is killing more American jobs

Get ready for $2 gas

Big Oil is handing out more pink slips as it grapples with a world of cheap oil.

ConocoPhillips (COP), one of America's largest energy companies, disclosed plans on Tuesday to cut about 1,800 jobs. The biggest chunk of layoffs will take place in North America, including more than 500 just in Houston.

The oil giant cited a "dramatic downturn" rippling through the industry for the cuts.

The tumble in oil prices has been great for American car drivers, but energy workers have been hit hard.

A massive glut in oil has caused prices to plunge from over $100 a barrel last year to as...


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