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Oil prices are up; whither the Texas boom?

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Abstract

Texas tends to report higher employment and output when oil prices sharply increase. But uncertainty regarding the duration of elevated prices could mute such impacts from the price shock following the closure of the Strait of Hormuz.

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  • Robert Leigh & Jesse Thompson & Luis Torres, 2026. "Oil prices are up; whither the Texas boom?," Southwest Economy, Federal Reserve Bank of Dallas, June.
    • Handle: RePEc:fip:feddse:103400
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    File URL: https://www.dallasfed.org/research/swe/2026/swe2614
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