Energy Boom in Texas is Strong
In Texas, oil and natural gas are synonymous with boom and bust. A new field or a new technology brings a drilling rush and spectacular wealth. Then just when nearly everyone has borrowed to the max, the bottom falls out. Not this time, says John Auers, an oil analyst with Turner, Mason & Co. engineering consultants in Dallas. “This is a more sustainable and potentially longer-lasting boom,” he said. “The early 80s were great times, but they became bad pretty quick. That will not happen this time.”
- Dallas Morning News. January 18, 2014
