Posted on 05/02/2016 2:46:15 PM PDT by bananaman22
ith the oil price crash now nearly two years in, there have been some obvious casualties. Dozens of oil related firms have declared bankruptcy, oil service firms have found rig counts collapsed, and thousands of jobs have been lost across the industry with many skilled employees reporting difficulty finding anything more than short-term contract work. Against this backdrop one might have expected a severe economic downturn in Texas, but instead the Lone Star State is holding up surprisingly well.
Texas’ economy has long been thought of as being oil driven, but the reality is that the state’s situation is more nuanced. While half of the publicly traded companies in Houston, for instance, are in oil and gas related sectors, the state overall has become much more diversified in its economy. Texas created 150,000 new jobs in 2015, and 185,000 new jobs over the 12 months ending in April – a period which includes the last and most severe leg of the oil price downturn.
(Excerpt) Read more at oilprice.com ...
Oil prices have always been volatile, and always will be. If you want something steady, don’t go into that business.
I still contend that Texas is perfectly positioned to become its own sovereign country.
And should be
And it will be. Mexitexas.
We’ll need to deport nearly the entire population of Austin.
I thought I heard that Chesapeake Energy was going to go bankrupt?
What about all the layoffs in the industry that have occurred?
“And it will be. Mexitexas.”
We’ve been there before, kinda liked it. The Hispanic culture runs deep in Texas.
New Mexico could use an infusion.
BUMP and DITTO
No, Texas will not ever become “Mexitexas”.
So offensive and repulsive is your comment I just puked up in my mouth a little bit.
The first thing a sovereign TX would do is excrete all the mexicrimnal invaders, which the FedGov would never have the balls to do. In this sense, TX will be more American than America itself.
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