It’s been wonderful to fuel our locomotives without breaking the bank, but why has the price of oil drastically dropped and is there any potential consequences? Erica Grieder’s article in the Texas Monthly, directly addresses this question. She compared the current production increase of oil in Texas to the 1970’s “oil-boom”. Unfortunately, in the 1980’s Texas’ economy plummeted due to a drop in oil prices. Grieder explains that the oil prices dropping should have no major effect within the Texas economy due to the lessons that we learned during the 1980’s. It appears that the Texas oil industry is here to stay and stronger than ever.