Comprehensive Real-Time News Feed for Baytown, TX.
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Plunging energy prices robbed the Texas economy of an estimated 60,000 jobs last year as oil and gas companies put the brakes on production and slashed investment, throwing engineers and geologists out of work. But the forest of construction cranes sprouting around this petrochemical hub tell the flip side of the story, as some of the same forces that drove down those prices sparked tens of billions of dollars in investment in new processing plants to take advantage of cheap and plentiful supplies of oil and gas. Comment?
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