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A thought occurred to me while driving the other day: Texas seems to be more of an "oil" state than an "energy" state, but it could be devoting a percentage of

A thought occurred to me while driving the other day: Texas seems to be more of an "oil" state than an "energy" state, but it could be devoting a percentage of its largess from exporting oil / oil tech to developing safe nuclear power. For all I know this is already happening, I have no idea, but it seems like if they don't get off "oil" and get onto "energy", the state could be the Detroit of the 2040s

Junk_Collector 8y ago
Texas is very much THE energy state. They are the number one producer of oil, natural gas, and wind power in the US. They are among the highest producers of total renewable power in the US as well. If it wasn't for hydroelectric (which Texas is not very suitable for) it would be the number 1 producer of renewable energy in the States. There are also significant levels of Nuclear power produced in Texas at 10% of it's total electrical generation capacity. Texas comprises roughly 1/3 of the US power grid and operates the only State independent stand alone power grid in the US. Texas produces 20% of the US's total energy output and produces twice as much electricity as the second highest producing state (Florida). The power grid is Texas is also extremely reliable and resilient even by American standards. The state is also a huge technology sector (aerospace, chemical, semiconductor, and software) does a lot of manufacturing, and operates 2 trade borders, the Gulf ports and Mexico.
reaperducer 8y ago
Texas seems to be more of an "oil" state than an "energy" state That's something of an old myth, perpetuated by people still remembering the soap opera "Dallas," and assuming that applied to the whole state. There's a reason that Houston calls itself "The Energy Capital of the World." Lots of energy companies there, not just oil companies.
espeed 8y ago
Texas has $1.8 trillion economy [1], which is the 10th largest economy in the world. To put that in perspective, the Texas economy is ~$500 billion larger than the entire Russian economy [2]. Texas is called the energy capital of the world for good reason, but the energy market is massive -- it includes much more than oil -- and the Texas economy overall is way more diverse than that [3]. It is tied with New York with 52 Fortune 500 corporations headquartered in Texas, only California has more with 54. What happened in Detroit is unfortunate, but Texas is not Detroit. That would be like comparing Dallas to Detroit in the NFL - they both wear silver and blue and they both play on Thanksgiving Day, but they are on polar opposite ends of the spectrum in every other conceivable way. [1] https://www.forbes.com/places/tx/ https://www.forbes.com/places/tx/ [2] https://en.wikipedia.org/wiki/Comparison_between_U.S._states_and_countries_by_GDP_(nominal) https://en.wikipedia.org/wiki/Comparison_between_U.S._states... [3] https://en.wikipedia.org/wiki/Economy_of_Texas https://en.wikipedia.org/wiki/Economy_of_Texas

Junk_Collector 8y ago

Texas is very much THE energy state. They are the number one producer of oil, natural gas, and wind power in the US. They are among the highest producers of total renewable power in the US as well. If it wasn't for hydroelectric (which Texas is not very suitable for) it would be the number 1 producer of renewable energy in the States. There are also significant levels of Nuclear power produced in Texas at 10% of it's total electrical generation capacity. Texas comprises roughly 1/3 of the US power grid and operates the only State independent stand alone power grid in the US. Texas produces 20% of the US's total energy output and produces twice as much electricity as the second highest producing state (Florida). The power grid is Texas is also extremely reliable and resilient even by American standards. The state is also a huge technology sector (aerospace, chemical, semiconductor, and software) does a lot of manufacturing, and operates 2 trade borders, the Gulf ports and Mexico.

reaperducer 8y ago

Texas seems to be more of an "oil" state than an "energy" state That's something of an old myth, perpetuated by people still remembering the soap opera "Dallas," and assuming that applied to the whole state. There's a reason that Houston calls itself "The Energy Capital of the World." Lots of energy companies there, not just oil companies.

espeed 8y ago

Texas has $1.8 trillion economy [1], which is the 10th largest economy in the world. To put that in perspective, the Texas economy is ~$500 billion larger than the entire Russian economy [2]. Texas is called the energy capital of the world for good reason, but the energy market is massive -- it includes much more than oil -- and the Texas economy overall is way more diverse than that [3]. It is tied with New York with 52 Fortune 500 corporations headquartered in Texas, only California has more with 54. What happened in Detroit is unfortunate, but Texas is not Detroit. That would be like comparing Dallas to Detroit in the NFL - they both wear silver and blue and they both play on Thanksgiving Day, but they are on polar opposite ends of the spectrum in every other conceivable way. [1] https://www.forbes.com/places/tx/ https://www.forbes.com/places/tx/ [2] https://en.wikipedia.org/wiki/Comparison_between_U.S._states_and_countries_by_GDP_(nominal) https://en.wikipedia.org/wiki/Comparison_between_U.S._states... [3] https://en.wikipedia.org/wiki/Economy_of_Texas https://en.wikipedia.org/wiki/Economy_of_Texas