Lower Oil Prices. Little Impact on Economy. 7 Reasons Why.

The laundry list of reasons this Bloomberg View piece says, “Oil May Not Mess With Texas:”

• “Energy is only 11 percent of Texas’ economy.”
• “In the decade and a half after 1986, Texas’ economy grew by 118 percent, while the mining industry (which includes oil and gas) grew only 18 percent.”
• “Texas actually exports more high-technology goods to other countries than does California.”
• Young population
• Favorable regulatory climate
• Low Taxes
• High job growth in:
  • professional services
  • technology
  • health care

Bloomberg View