Monday, May 7, 2018

How Texas, Once an Economic Drag, Became the Nation’s Fastest-Growing Economy

Texas over the last has outpaced the U.S. as a whole in percentage of manufacturing jobs added.  The slight bump up in oil prices seem to be pushing its oil industry forward as well.  With number of oil providers in Texas relatively low due to the low oil prices previously, there is now a higher price on oil, which can make it more lucrative as an industry.  I am curious as to see that if a drop in oil prices in the future would again cause this industry to fold.

https://blogs.wsj.com/economics/2018/05/07/how-texas-once-an-economic-drag-became-the-nations-fastest-growing-economy/