Answer:
The oil industries of Texas started to invest in renewable sources of energy because after the 1980s, the oil demand reduces (bust) due to a rise in the production of oil (boom).
Option A is the right answer.
What is the boom and bust in the oil industry?
The boom in the oil industry resulted in the rise in manufacturing and exploration of oil emerges new jobs for Texas people which ultimately raised their standards of living.
But, the collision of increased oil manufacturing and reduction of oil demand give rise to a bust.
An explanation for incorrect options:
Option B: The boom and bust only affect the oil industries of the Texas economy with no impact on other companies.
Option C: The oil companies initiated to put their funds in other sources of energy apart from oil manufacturing.
Option D: There was no effect of boom or bust in the oil industry on the income taxes of the State Government.
Therefore, the oil companies of Texas shifted their focus of investments from oil production to other sources of renewable energy.
Learn more about the oil industry boom in Texas in the mentioned link:
https://brainly.com/question/16505448
