Yes, you rattled off the standard left wing rhetoric, and I corrected you.
Again, Oil and Gas is 10 percent of Texas's GDP.
Again, the "boom", economic gains, is fueled by oil. Your second largest change in GSP is petroleum.
"1/09/2014
As reported here by Dr. Mark Perry, according to the International Energy Agency (IEA), in the year preceding last September, Texas oil production surpassed that of oil-producing giants like Brazil, Venezuela, Nigeria, Mexico and Kuwait to move into the hypothetical Top Ten oil producing nations on earth. During September, Texas’ oil output was measured by IEA at 2.7 million barrels per day. This represents a doubling of the state’s daily oil output in just 29 months. Not since the early years of the 20th century has the state seen such a rapid rise in its oil output, and that steep incline shows no signs of slowing anytime soon.
If anything, the boom in West Texas might even accelerate in the next few years. The nascent Cline Shale play is beginning to heat up, and results continue to be very good in the Wolfberry/Sprayberry and other plays in the Permian. If current trends continue, it is very likely that Texas would leap past OPEC giants like Iran, Iraq and the United Arab Emirates to become the equivalent of the 6th largest oil producing nation over the next 12-18 months."
Quit the denial.
Millions of Californians aren't moving here for Oil jobs and niether are the over 200 Businesses that have left that State behind.
Speaking of California Silicon Valley accounts for 10 percent of California's GDP.
Plus they're the 4rth largest Oil producer in the US. They COULD be the number one producer of Oil in the US but POLICY is stopping shale exploration out there
Nuts.
Texas has 313% greater levels of oil reserves, 4452% greater levels of NG reserves and 63% greater numbers of refineries. CA is limiting fracking because they care about ground water and air quality.
So why the huge distinction between the two States ?
Uh, CA was hit much harder by the Bush Recession, as was AZ, NV, FL....but of those states, CA is doing well in GDP gains:
I have no idea why you keep pointing me to CA, I don't live there. They have finally got a grip on budget issues after getting the GOP out of the way, but they will still be hobbled by prop 13, a con tax scheme.
What you should be asking is why states like WI and KS are doing so horribly, where the cons have full control of leg/Gov and continue to show badly against states in their region.