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In a year when nearly all aspects of life were affected in some way by COVID-19, the impact on the oil industry in Karnes County and throughout the Eagle Ford Shale region provided an economic jolt that had a big impact on the areaâs economy. In listing a top five stories for the Karnes Countywide for 2020, the oil industryâs ability to weather the storm, and its immediate impact on other businesses, is ranked as the No. 1 story of the year. Oil shockwaves 1 Â While a world pandemic undoubtedly was the major factor in the oil industryâs challenges, an oil price war between Russia and Saudi Arabia also played a major role in the drop of oil prices. ....