r/MURICA 13d ago

Everything is bigger in Texas

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u/NegativeSir3323 13d ago

can a texan (or anyone knowledgeable) explain to me what's propping up their economy? I know california's rich because it has silicon valley and L.A as huge economic powerhouses. is it the oil? NASA? dude perfect?

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u/Scamandrius 13d ago

1/3rd of America's oil reserves, around 40% of its oil production, business-friendly laws, high immigration both international and interstate, high birthrate, big real-estate market with lots of development going on all the time, large financial sector in Dallas (From what I hear they're opening a stock exchange up there). Not really one big thing contributing to it like Cali, just a mish-mash.

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u/masonic-youth 13d ago edited 13d ago

Lol what's the one big thing in California?

Manufacturing? Agriculture? Entertainment? Silicon Valley? Energy production?