POV: Power Breakfast

Power Breakfast for Jan. 14, 2015

Low oil prices will slow state's economy, job growth; Study finds lignite coal mining creates $7 billion economic impact in Texas


POV: Power Breakfast

A nearly daily round-up of news for your consideration:

  • Low oil prices will slow Texas’ economic and job growth in 2015, but won’t stop the momentum the state carried into the year, a federal economist told the Austin American-Statesman Tuesday. At the same time, a Texas A&M University professor said lower energy prices could delay or stop more than $100 billion in energy projects across Texas and parts of the South.
  • Lignite coal mining has a $7 billion impact on Texas’ economy and supports more than 24,000 jobs that pay $1.8 billion and inject more than $693 million in revenue to state and local governments, according to a newly released study by the Center for Economic Development and Research at the University of North Texas.

    “This evidence supported study proves once again that lignite mining and related industries are essential to the production of the goods, services and infrastructure that stoke the engine of our economy and contribute to the comfort and convenience of our daily lives,” said Ches Blevins, executive director of the Texas Mining and Reclamation Association, which commissioned the study.

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