From Texas Standard.
You almost can’t talk about the Texas economy without mentioning the oil and gas industry. Much of the state’s wealth, and its global image, is tied to energy production. But the oil market is a fickle beast.
In a new piece for The New Yorker, staff writer and native Texan Lawrence Wright tracks the boom and bust cycles of the state’s energy industry, and looks at whether the state’s fortunes might always be beholden to black gold.