Ten reasons why the Texas economy is growing that have nothing to do with Rick Perry (drug, military)

[GreenGene]

That's the title of an article in the Houston Chronicle. The list of ten reasons includes rising oil prices, increased government and military spending, cheap immigrant labor, an abnormally strong housing market, and even, potentially, a growing drug trade.

See: Ten reasons why the Texas economy is growing that have nothing to do with Rick Perry | Texas on the Potomac | a Chron.com blog

[crbcrbrgv]

I'm a Houstonian and have lived in Texas for quite some time now. One thing I've learned living here is if it weren't for oil, we'd likely be a huge Mississippi.

[I Drink Water]

They are benefiting from an exogenous oil shock and proper regulations in the housing market since their real estate market was hit hard during the S&L crisis.

[JazzyTallGuy]

Originally Posted by crbcrbrgv

I'm a Houstonian and have lived in Texas for quite some time now. One thing I've learned living here is if it weren't for oil, we'd likely be a huge Mississippi.

That may be true for Houston. But the Dallas-Fort area is much less dependent on the oil and gas business than the Houston area.

Texas in general suffers less for national recessions than other states. It has a diverse economy and for the past 20 years cities have been fueled by a population boom that keeps local economies from slumping significantly.

[h152cc2]

Originally Posted by JazzyTallGuy

That may be true for Houston. But the Dallas-Fort area is much less dependent on the oil and gas business than the Houston area.

Texas in general suffers less for national recessions than other states. It has a diverse economy and for the past 20 years cities have been fueled by a population boom that keeps local economies from slumping significantly.

Actually Barnett Shale drilling in the DFW area has really helped its economy. Also, there are tons of oil and gas companies located in DFW.