The West Texas economy gets hit hard by oil slumps because it is a major part of their economy. The rest of the state only feels it a little.
Just another BS article scaremongering us about the hazards to our economic health that are alleged to be posed by low gasoline and heating oil prices. Plug in your BS detectors, folks. Oil patch and some related industries might be tightening their belts a bit for a while, but they’ve been rolling in tall clover for some time. Everywhere else in the economy, the dramatic drop in energy prices is an unambiguous plus. Car sales are already turning up, housing starts won’t be far behind, farmers are out kicking tires at ag implement dealers, and families are looking at vacation brochures over restaurant meals they felt like they couldn’t’t afford a few months ago. In this instance oil patch’ s loss is the rest of our gain.
Texas economy is and has always been cyclical. Nobody even mentions how the scorpion population has exploded. Danger. Stay away.