IDEAS home Printed from https://ideas.repec.org/a/fip/feddse/y2011iq1p10-13n1.html
   My bibliography  Save this article

Oil and gas rises again in a diversified Texas

Author

Listed:
  • Jackson Thies
  • Mine K. Yücel

Abstract

The oil and gas industry has been a driver of the Texas economy for the past 40 years. Its contribution declined with the oil-led recession of 1986 and appeared to slip further in the 1990s as the high-tech industry boomed. But oil and natural gas prices have risen since 1999, reaching record highs in 2008. This resurgence has boosted energy activity and factored into the recent economic recovery in Texas, affirming the industry?s long-held prominence in the state. ; An econometric model developed by the Federal Reserve Bank of Dallas documents the state?s evolving energy fortunes since the late 1990s. It shows that the industry is still contributing positively to Texas output and employment, though in a less-pronounced way than during the prior oil boom 30 years ago.

Suggested Citation

  • Jackson Thies & Mine K. Yücel, 2011. "Oil and gas rises again in a diversified Texas," Southwest Economy, Federal Reserve Bank of Dallas, issue Q1, pages 10-13.
    • Handle: RePEc:fip:feddse:y:2011:i:q1:p:10-13:n:1
    as

    Download full text from publisher

    File URL: http://www.dallasfed.org/assets/documents/research/swe/2011/swe1101g.pdf
    Download Restriction: no
    ---><---

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:fip:feddse:y:2011:i:q1:p:10-13:n:1. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Amy Chapman (email available below). General contact details of provider: https://edirc.repec.org/data/frbdaus.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.