2019 was a tumultuous year for the Texas energy industry. At the end of it all, another oil downturn seems likely, especially given that a survey from the Federal Reserve Bank of Dallas estimates about 8,100 oil-and-gas-sector jobs might soon disappear.
“If Texas were a country … it would actually rank as fifth in the world,” Smith says. “There’s only China, Germany and India that is actually producing more wind power.”
Solar energy and energy storage are also growing sectors in Texas.
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Written by Caroline Covington.