General Discussion

BlueCaliDem

(15,438 posts)

3. As GOPLife, Chris Ladd, had explained in his article

Sat Jan 10, 2015, 03:51 PM

Jan 2015

(that you can find here), Texas was almost untouched by the recession because it's a petrol State. Now he warns, watch Texas if the oil prices drop for another year. Their economy will be in trouble.

From the article:

- Keep an eye on oil prices. Texas, which is at the core of GOP dysfunction, is a petro-state with an economy roughly as diverse and modern as Nigeria, Iran or Venezuela. It was been relatively untouched by the economic collapse because it is relatively dislocated from the US economy in general. Watch what happens if the decline in oil prices lasts more than a year.

Edit history

Please sign in to view edit histories.

Recommendations

0 members have recommended this reply (displayed in chronological order):

8 replies

= new reply since forum marked as read

Highlight:

Did the oil rich parts of the country NOT suffer like the rest of the country during the recession? [View all] kelliekat44 Jan 2015 OP

Low oil prices = more people using more fuel = more CO2 emissions = bad Spider Jerusalem Jan 2015 #1

I don't think they suffered as much daredtowork Jan 2015 #2

As GOPLife, Chris Ladd, had explained in his article BlueCaliDem Jan 2015 #3

What really got my goat about Texas daredtowork Jan 2015 #5

"A little recession might be good for their soul." BlueCaliDem Jan 2015 #7

Alaska took a hit. nt elias49 Jan 2015 #4

The DC area did spectacularly well during the recession, I believe TX did well closeupready Jan 2015 #6

Alaska didn't suffer much during the recession, Blue_In_AK Jan 2015 #8