Texans suffer more in recessions due to energy and real estate, high risk in 2023
I found a paid-up $20,000 life insurance policy that never was claimed following my mother's death. Is there a statute of limitations?
High oil and gas prices can trigger a recession, because energy is a significant expense in almost every business. But recessions also drive down energy prices as economic activity slows and consumers cut back on travel.Organization of the Petroleum Exporting Countries and their Russian allies recently cut oil production by 1.6 million barrels a day
Texas oil and gas producers benefit from higher prices. Drillers are also seeing slower inflation in the oil patch, which should help profits further,The state’s economic reliance on oil and gas, though, has in the past amplified the impact of recessions on Texans. We feel the general slowdown doubly so when energy prices drop. What feels like a cold to other Americans can feel like the flu here.
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