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Originally Posted by TexasPlaya
My apologies, I thought it was obvious that I meant Houston does well because it's a large global logistics hubs and is a top exporter (probably not #1 currently).
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I was pointing out your painfully obvious statement. When the world does well, so does an economy tied to the world. Duh
Quote:
Originally Posted by TexasPlaya
Actually oil and natural gas and their by products. Downstream is doing great rate now, especially because the billions in expansions and upgrades will becoming online.
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More pro-Houston spin. As I've already stated previously, you can spin all you want while Houston's boom sputters to an abrupt halt in parallel with oil prices. The direction of said sputtering has been going in opposition to the rest of America's economy, further proof that Houston is a two-dimensional city which is over-reliant on the price of a single exhaustible commodity. Houston is a little bit like a modern version of a mining town.
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Originally Posted by TexasPlaya
Who said Houston is super diversified?
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ThePhun1
Quote:
Originally Posted by TexasPlaya
Actually the shale boom essentially put North America in the position to be the largest producer and exporter of oil, nat gas, and their byproducts. Time will tell how we take advantage of it.
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And shale is suffering the same dramatically abrupt bust as Houston's oil-dependant economy now that the price of oil is now too low to justify the relatively high cost of shale-oil extraction i.e. "fracking". Again, this is because Houston is OPEC's bitch.
But again, history has shown Repubs are not logical people, not innovators, nor long-view thinkers. They'll just sit and wait for the next run-up in commodity prices before coming up with a million new ways to extract the same dirty dinosaur juice. Nothing special.