Oil and Gas and the Economy

Texas’ biggest industry, oil and gas, is growing at a phenomenal pace, and the entire state economy is benefiting. With multipliers among the highest of any type of business, when the energy sector is surging as it is now, it’s generating a high level of other business activity for companies across the economy. In addition, oil and gas jobs generally pay well and there are […]

Jobs Aplenty

As the numbers for 2018 begin to trickle in, it is becoming increasingly obvious that Texas had a banner year in terms of job creation. Overall, the state economy added 391,800 jobs through the 12 months ending in December 2018. That amounts to well over 1,000 jobs each day. The mining and logging sector (which is almost entirely oil and gas in our neck of […]

Tax Cuts One Year Later

In 2018, provisions of the 2017 Tax Cut and Jobs Act went into effect. The Act simplified some aspects of the federal tax code and restructured tax rates with the purported goal of enhancing economic growth. In particular, the Act reduced the US corporate tax rate from 35% to 21%. For US companies, which have historically faced some of the highest levies of any developed […]