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'They are hurting right now': The oil patch and has been decimated

Tina WadhwaAug 7, 2016, 21:32 IST

Oil rigs just south of town extract crude for Chevron at sunrise on July 22, 2008 in Taft, California.David McNew/Getty Images

Oil prices have dropped over 20% since June.

US crude oil and gas inventories are at the highest seasonal level in at least two decades and Saudi Arabia is keeping exports high.

This global supply glut has pushed prices down below $40 a barrel, and it's hurting a wide range of industries.

We used Sentieo, an equity research platform, to search recent company earning calls for the phrases "oil price" and "oil patch" to see what people were saying.

As you can see, the lower oil price is hurting everyone from hotels to restaurants to retailers.

Scroll through below to see what senior execs at companies across America are saying about how oil is affecting their businesses: