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Houston and Dallas/FW are in slightly different orbits - with DFW being more of a regional city and cistern for lower Midwestern commerce and Houston being an energy and port town for the Gulf Coast, to grossly simplify it. I don't think they really "compete", aside from the usual juvenilia like sports and "who has the biggest mall". Dallas will never have a seaport and Houston will never be close to Oklahoma.
At the end of the day, Houston is a far wealthier town than DFW with a far larger economy (despite having less people) - it is the center of the energy industry. That holds true at $40 a barrel, $60 a barrel and especially at $100 a barrel. That industry simply has more high paying jobs and makes more "stuff" of value than what is preponderant in DFW.
If you don't wish to believe me, I'll suggest a bit of reading.......
DFW vs Houston, DFW dominates the state/ region as a whole in sports, they try to compete in regional company HQ's also.
"Try?" DFW usually gets HQ's, relocated companies, and expanded business first and more. The only exception is usually if it is something oil or gas related.
Memphis has let itself fall so far behind the times that its pier cities/competitors are more along the lines of Little Rock, Birmingham, and Jackson (MS). Just Nashville alone has shot so far ahead of Memphis in the last 10 to 15 years that it's not even funny, and at this point it would probably take Memphis 20 years just to even start catching up to Nashville. No competition there at all.
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