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by vonmoltke
4344 days ago
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You have to be careful where you are when the boom ends. Dallas weaned itself off oil money in the late 80s/early 90s; ExxonMobil's headquarters is the only major holdout. It turned itself into a headquarters town, and is now turning itself into America's datacenter and a minor tech hub. Austin has entrenched itself as a second-tier tech hub. San Antonio is a major Air Force tech hub. Houston, while awash in oil money, has non-oil shipping, finance, and NASA. Only west Texas is so dependent on oil that an oil bust would be a major economic calamity. |
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