The Impact of Oil on the Texas Economy
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Date
1986
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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: 1985/1986
Digitized from print original stored in HDR
Digitized from print original stored in HDR
Keywords
Texas, oil dependency, economy, industrial sector, tax base, public sector, private sector