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Texas economy is booming in nearly all sectors of which oil is just one. The IT sector and medical are both experiencing a large boom. We are a business friendly state and that makes a big difference.
Sure, it is but it also all starts with oil. Also, your definition of "booming" and mine are much different as I don't call a state that has rampant poverty, schools that are ranked lower than most states, poor infrastructure and a one-sided government (this goes for you to, Illinois) booming.
A truly booming economy offers opportunity for all. Texas does not.
Location: Democratic Peoples Republic of Redneckistan
11,078 posts, read 15,082,780 times
Reputation: 3937
Quote:
Originally Posted by iNviNciBL3
No you are totally correct, paying $5 dollars a gallon is fine but paying $3.40 a gallon is getting raped at the pump
I don't know about you,but I do not live in Canada so the comparison is a moot point..if you want to play that silly game though,we are nowhere near the lowest priced gas...Venezuela is around .12 per gallon....so?
Oil output has increased so significantly in Texas in recent years that if it was considered as a separate oil-producing country, Texas would have been the 12th largest oil-producing nation in the world for crude oil output in February (most recent month available for international oil production data) – just slightly behind Venezuela (2.475 million bpd), and Kuwait (2.80 million bpd).
... The exponential increase in Texas oil production is bringing jobs and economic prosperity to the state. For example, over the last 12 months through May, payrolls in the state of Texas increased by 325,000 jobs, which was a 3.0% annual increase in the state’s employment level, or almost twice the national increase in payroll employment of only 1.58% over that period.
... The exponential increase in Texas oil production over the last several years is nothing short of phenomenal, and is a direct result of “petropreneurs” who developed game-changing drilling technologies in America that have now revolutionized the nation’s production of shale oil.
You're welcome.
Seriously - this is good news.
Data tables are here, yearly outputs are on the far right - Crude Oil Production
I agree it is good news, as is the boom in other States. US will be world's #1 producer in seven years, and it's good news.
So why have prices stagnated at around $3.50 a gallon if the supplies have increased? Maybe because the prices are not and never have been related to supplies but to market size and share as defined by a near monopoly.
Location: In a Galaxy far, far away called Germany
4,300 posts, read 4,409,483 times
Reputation: 2394
Quote:
Originally Posted by crbcrbrgv
Sure, it is but it also all starts with oil. Also, your definition of "booming" and mine are much different as I don't call a state that has rampant poverty, schools that are ranked lower than most states, poor infrastructure and a one-sided government (this goes for you to, Illinois) booming.
A truly booming economy offers opportunity for all. Texas does not.
Texas does offer opportunity to all. That is not to say that there aren't growth problems. Texas is now the 2nd largest state in population and is growing faster than both infrastructure and education can keep up with (this is reflected in those half-truth statistics that NJBest has sourced). But, they are investing (just drive thru the DFW & Austin area and behold the massive road construction going on). Education is a ship that does not change course on a dime either. With the big jump in population, education does need to be addressed, but to knock the state as if Texans are comfortable in ignorance (which you have not done, but others have) and for no other reason than we just don't value it - is woefully ignorant and a falsehood using statistics that show very little.
So why have prices stagnated at around $3.50 a gallon if the supplies have increased? Maybe because the prices are not and never have been related to supplies but to market size and share as defined by a near monopoly.
Exactly Greg.
Only the ones in control are having a feast.
It doesn't say anything close to what you just said. Go to school, read it again.
6.7% of TX is illegal immigrants.
6.2% of NJ is illegal immigrants.
TX ranks near the bottom in education.
NJ ranks near the top in education.
This shouldn't surprise me given your current performance in comprehension based on your previous post.
So much export for the state, yet it's not doing them any good.
LOL! There are way more than 6.7% illegals in Texas! The population in and around Austin alone, is 15+%
Out in rural areas it is much higher, where ranchers pay cash and a fake or stolen SS# is not needed.
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