The Impact of Oil on the Texas Economy
Abstract
The following paper demonstrates Texas' present dependency upon oil in both public and private sectors. First, it historically discusses Texas and reviews how Texas is affected by OPEC's present political situation. Second, it lists production, price, value and tax, figures. Third, it shows why oil dependency is no longer advantageous for the states. Finally, the paper states Texas should avoid dependency upon a single industry. It suggests, rather, that the state diversify both its industrial sector and its tax base.
Description
Program year: 1985/1986Digitized from print original stored in HDR
Citation
Shipp, Michelle M. (1986). The Impact of Oil on the Texas Economy. University Undergraduate Fellow. Available electronically from https : / /hdl .handle .net /1969 .1 /CAPSTONE -FerryK _1998.