Okay, Jed Clampitt, but isn't that what y'all said about cotton?
“Okay, Jed Clampitt, but isn’t that what y’all said about cotton?”
No, we raise a lot cotton in the panhandle region of Texas, but it would not devastate our economy if the cotton crop failed. We are not solely dependent on cotton to fill our state coffers.
While driving through the panhandle region last summer I was amazed at how much acreage was planted in cotton. And right among the cotton rows were those dang oil and gas wells every few hundred yards. You see cotton keeps the dust down and brings in a little extra money while the oil wells pump that Texas tea out of the ground below.
We have a lot of Jed Clampitts and a even a few J.R.s in Texas. Just like clockwork, they get their royalty checks deposited every month in those little podunk banks all over rural Texas towns. A couple of month’s checks from a good well and you can buy a new John Deere tractor or F150 deluxe or a Ferrari and still have money left over.
Yep, ol’ Jed, he’s a doing alright. It’s really true what they say: “It only takes one good well”.
Nope, we never said that about cotton. You might have mistook cattle for cotton. We have a lot of those too.
Oil is only half the equation. Did you realize that the port of Houston is the second most active in the US and the expansion of the Panama anal is only going to increase Houston’s impact. Combine Houston, New Orleans and Mobile, and you control the flow of energy, food and manufactured goods into the US.
Houston is rapidly becoming the financial capital of the country. New York and California will remain the major players in name only.