Economy
In the decades leading to 2009, crude oil production in the East Texas Oil Field, the largest oil field in the United States, decreased. In turn, the number of high-paying jobs for uneducated workers also decreased. Many small towns had closed cafés and gas stations, some of which were replaced with cash loan shops and pawn shops.
Paul Knight of the Houston Press in a 2009 article that "some say has surpassed crude as king in East Texas."
Read more about this topic: East Texas
Famous quotes containing the word economy:
“The counting-room maxims liberally expounded are laws of the Universe. The merchant’s economy is a coarse symbol of the soul’s economy. It is, to spend for power, and not for pleasure.”
—Ralph Waldo Emerson (1803–1882)
“Wise men read very sharply all your private history in your look and gait and behavior. The whole economy of nature is bent on expression. The tell-tale body is all tongues. Men are like Geneva watches with crystal faces which expose the whole movement.”
—Ralph Waldo Emerson (1803–1882)
“Cities need old buildings so badly it is probably impossible for vigorous streets and districts to grow without them.... for really new ideas of any kind—no matter how ultimately profitable or otherwise successful some of them might prove to be—there is no leeway for such chancy trial, error and experimentation in the high-overhead economy of new construction. Old ideas can sometimes use new buildings. New ideas must use old buildings.”
—Jane Jacobs (b. 1916)