Tribpedia: Economy

With a civilian labor force of more than 12 million and a gross state product of $1.22 trillion in 2008, Texas has the second largest economy in the United States and the 15th largest in the world. The Federal Reserve Bank of Dallas is one of many agencies that keeps track. The state comptroller stays up with key statistics.

Christian Calls Gates "Slumlord" as Railroad Commission Runoff Nears

Republicans Wayne Christian (left), and Gary Gates (right) are facing off in a May 24 primary runoff for Texas railroad commissioner.
Republicans Wayne Christian (left), and Gary Gates (right) are facing off in a May 24 primary runoff for Texas railroad commissioner.

In an increasingly testy Republican runoff for railroad commissioner, state Rep. Wayne Christian is reaching into Gary Gates' legal history, highlighting loan trouble and a court battle with the city of Houston over safety at a crime-ridden apartment Gates owned in the southwest part of town in an effort to paint him as a “slumlord.” 

A sign protesting a proposed drilling waste dump near the South Texas town of Nordheim is shown in 2014. The Texas Railroad Commission, charged with only evaluating groundwater effects, approved the waste site plan on May 3, 2016.
A sign protesting a proposed drilling waste dump near the South Texas town of Nordheim is shown in 2014. The Texas Railroad Commission, charged with only evaluating groundwater effects, approved the waste site plan on May 3, 2016.

Eagle Ford Town's Residents Disgusted by Waste Site's Approval

The Texas Railroad Commission approved a permit for a huge oil and gas waste facility outside of tiny Nordheim, ending one of the first organized protests against industry activity in South Texas’ Eagle Ford Shale.

Sen. Bob Hall, R-Rockwall, hosts the Texas Grid Security Summit 2016 at the Texas Capitol in Austin on April 27, 2016. The session deals with how to make the power grid safer from electromagnetic radiation attacks nationwide.
Sen. Bob Hall, R-Rockwall, hosts the Texas Grid Security Summit 2016 at the Texas Capitol in Austin on April 27, 2016. The session deals with how to make the power grid safer from electromagnetic radiation attacks nationwide.

Texas Lawmaker Warns of Outer Space Death Pulse

A Texas state senator is redefining scorched-earth politics, trying to make sure Americans — and Texans — are prepared for electromagnetic pulses from space that could spell the end of civilization. 

Chevron was expected to build an office building at 1600 Louisiana Street in downtown Houston. More than two years after receiving state support for the project, company company officials say they have no plans to build the tower in the near future.
Chevron was expected to build an office building at 1600 Louisiana Street in downtown Houston. More than two years after receiving state support for the project, company company officials say they have no plans to build the tower in the near future.

Years Later, Benefits from State Subsidy to Chevron Hard to Find

Texas announced in 2013 it was giving Chevron millions of dollars toward building a new office tower and creating 1,752 jobs. More than two years later, the site of the building remains a grassy lot and Chevron has laid off hundreds of workers.

Cotulla Motel employee Jared Ramirez bags ice on April 7, 2016. Ramirez began working at the motel after work in the oil fields dried up.
Cotulla Motel employee Jared Ramirez bags ice on April 7, 2016. Ramirez began working at the motel after work in the oil fields dried up.

In Texas Drilling Country, Oil Plunge Means Too Many Rooms at the Inn

Cotulla, population 4,000, built 20 hotels during a yearslong oil boom, calling itself the "Hotel Capital" of the Eagle Ford Shale. A plunge in oil prices has prompted questions about whether that was a good idea. 

La Salle County, about 90 miles southwest of San Antonio, has professionalized its once all-volunteer firefighting force and invested in new trucks and equipment. The overhaul has slashed response times and spurred more residents to trust first responders, officials say.
La Salle County, about 90 miles southwest of San Antonio, has professionalized its once all-volunteer firefighting force and invested in new trucks and equipment. The overhaul has slashed response times and spurred more residents to trust first responders, officials say.

In South Texas County, an Investment in Survival as Oil Boom Stalls

Thanks to a surge in drilling, La Salle County was able to finance a multi-million upgrade to its emergency response capabilities. While the oil boom has stalled, the dramatic improvements are here to stay, officials say.

Bobby Epstein, Chairman and CEO of Circuit of the Americas, speaks at a press conference concerning F1's return to COTA at the COTA Downton Paddock on March 9, 2016.
Bobby Epstein, Chairman and CEO of Circuit of the Americas, speaks at a press conference concerning F1's return to COTA at the COTA Downton Paddock on March 9, 2016.

F1 Organizers Hope Taylor Swift Brings Them Out of the Woods

After months of speculation that the U.S. Grand Prix in Austin could be canceled this year, organizers say the race is on — and they're bringing in Taylor Swift on race weekend to help shake off the organization’s financial woes.

An oil driller had filed a lawsuit over sales tax refunds. Texas Comptroller Glenn Hegar's office warned that a Texas loss could have spurred up to $4.4 billion in refund filings for 2017 alone.
An oil driller had filed a lawsuit over sales tax refunds. Texas Comptroller Glenn Hegar's office warned that a Texas loss could have spurred up to $4.4 billion in refund filings for 2017 alone.

Billions At Stake for State in Tax Challenge

The Texas Supreme Court on Tuesday will hear arguments in a case that could deliver a multibillion-dollar windfall to struggling oil and gas producers, threatening to take a major bite out of state revenue.