In what ways did the Permian Basin oil industry affect the Texas economy?
can someone pls help me
@XioGonz
i will
The Industrial Revolution brought an ever-growing demand for a cheaper and more convenient source of lubricants as well as of illuminating oil. It also required better sources of energy.
you welcome
Thats not all tho
ok i
the Permian Basin's oil and gas industry creates and sustains more than 546,000 jobs, with an economic output of $137.8 billion, and creates more than $71.1 billion to the gross state products of both Texas and New Mexico
\(\color{#0cbb34}{\text{Originally Posted by}}\) @leemarlowe the Permian Basin's oil and gas industry creates and sustains more than 546,000 jobs, with an economic output of $137.8 billion, and creates more than $71.1 billion to the gross state products of both Texas and New Mexico \(\color{#0cbb34}{\text{End of Quote}}\) site your source?
oh srry
As a result, for a large part of the 20th century the Permian Basin played a significant role in the economic development of the state of Texas, including such towns as Midland, Odessa, and Marathon.Uranium minerals dated to Permian times are also present in the region.
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