UNEXPECTEDLY! Flow Of Money From South Texas Oil Startles Economists.
The economists had predicted just last year that they expected the total economic impact to South Texas to be $89 billion in 2022. Instead, they now estimate that the impact has already reached almost that amount: $87 billion.
What’s making the difference?
Primarily all the jobs from drilling and running pipelines.
“But also because of lots of new manufacturing activity. And a lot of that is being driven by the low cost of natural gas,” said Tunstall.
I mean, who could have seen this coming? Well, maybe Rick Perry.