Oil Jobs -
One of the most well managed industries in Texas is oil and gas. You
will be surely surprised at how much money must be going around Texas.
Needless to say, the industries there are booming. It was during the
late 20th century that this industry has experienced a great bang. For
one, the entire US economy and politics also had an overhaul that time
(specifically between 1970's to 1980's). However, this boom was brought
down by a few issues. Let's take a closer look at the past and present
situation of oil and gas industry in Texas.
Oil Jobs - First,
during early 1980's, the oil and gas industry in the state Texas covered
for almost a third of the total income of the state. Just a decade
later, sadly, this number was sliced into half. The reason for this is
that there were energy losses happening and there were a lot of approved
real estate loans which didn't really go the way they should be.
Because of these loans, a lot of financial institutions' operations went
haywire. Fast forward to 1994, a lot of jobs in the Texas oil and gas
industry were lost, probably around 30% of them. That was a very
depressing time, with most of the companies downsizing and the
government not really willing to adjust the budgets for additional
research and development. Because of this most of the companies in this
industry weren't that keen on diversifying their economies or weren't so
giddy with the idea of taking a few risks for business.
When
this period ended, only the petrochemicals stood their ground, and
through this, the prices for oil produce eventually went down. Demand
caught up and then most of the members of the Texas Oil and Gas industry
expanded and began employing people again.
As of date, this
industry just moving forward in terms of growth and advancement.
Therefore, you won't be shocked if most of the things you read in "The
Dallas Woman's Guide to Gold Digging With Pride" (or other funny
Texas-inspired gold-digging book) will involve oil magnates who look
like Greek gods or Greek monsters. What can we do? Guess the Texas oil
and gas industry just can't sleep, eh? Kudos to the industry leaders and
keep up the good work.
