A geographical region from which petroleum is extracted.
The petroleum producing industry; as, low oil prices cause hard times in the oil patch.
The numerical value of oil patch in Chaldean Numerology is: 5
The numerical value of oil patch in Pythagorean Numerology is: 3
Sample Sentences & Example Usage
We are starting to see where the loan losses on the oil patch fit in.
It's a more stable environment right now, given that we've taken away the volatility with the big selloff we had in the oil patch.
We're still suffering from the misery of the OPEC decision. The Canadian oil patch is really taking it on the chin, it will take a little time for this shock to work its way through.
The much beleaguered energy group on the heels of the Talisman takeover is drawing attention to the undervalued nature of the oil patch and so you're seeing an uptick of this very sorry group.
It's now in the realm of possibility that we have a recession in 2016, especially some localized recessions in the Midwest states, at a certain point, the benefits of low oil to the consumer gives way to losses in the job market in the oil patch, especially in the Midwest.
Images & Illustrations of oil patch
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