[ThePhun1]

Originally Posted by Obadno

Oil industry is always like that, when prices are high production spikes and hiring skyrockets, overproduction drives prices down and layoffs follow.

Its been like that for decades.

Its also not universal, certain methods of extraction and refining are only profitable at certain oil prices. As the price point changes some oil jobs just cease to make economic sense even while other oil jobs are on a boom.

But in General Houston is far from dependent on oil these days, its still a major shipping port major population center and regional financial and business center its economy is not fragile

General Houston? What about Sam Houston.