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Sorry Saudi Arabia, Texas will Prevail

Posted by: In: Industry Insights 15 Sep 2015 Comments: 0

In 2014, Saudi Arabia announced they would maintain high-oil production levels while the market still hosted low oil prices. Their hope was that the continued low oil prices would hurt America and Texas economies. Much to their dismay, the Texas economy didn’t collapse. A recent opinion article written by Glen Hegar, Texas comptroller of public accounts, cites Texas’ economic diversity and technological developments in fracking as major factors for its continued success. To view the Wall Street Journal article, click here.

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