Texas’s oil industry is to be a major force in the state and national economies because of its contribution in the GDP of a country.
Texas produces highest amount of crude oil in the nation about 22 percent of crude oil production in the United States of America. The oil industry provides about 1.8 million jobs in Texas and it also brought about 9.9 billion dollars in taxes. This industry fulfills the oil needs of the country as well as saves important capital of the country so we can say that Texas oil industry is a major force in the economy of the country.
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