Dallas Federal Reserve Chief: Oil Prices are a Test of Texas Diversification

WallStreet Journal reports on the effect of declining oil prices on Texas Economy:

“Richard Fisher, President of the Federal Reserve Bank of Dallas, says the Lone Star state may have expanded into other industries enough to ward off a downturn. “This is a test,” Mr. Fisher said. “Is Texas indeed as diversified as people like me say it is?”  WSJ Energy Journal