Texas economy will be fine without oil and gas, with green energy jobs: Dallas Fed

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Texas economy will be fine without oil and gas, with green energy jobs: Dallas Fed
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3 reasons Texas' economy will be just fine without oil and gas — and so will the rest of the country

to the Dallas Fed, but even as its prominence in the sectors shifted over the years, the long-term economic impacts on the state were relatively insignificant.

"This experience suggests that the relative strength of the Texas economy could persist in coming decades even if the upstream oil and gas sector experiences a long-term decline due to the energy transition," the economists wrote.Texas is already the biggest state for wind energy., wind power accounted for at least 15.7% of the electricity generated in 2017.

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