Economists "startled" by unexpectedly large flow of money and wealth from South Texas drilling

It takes dopes like this some extra time to realize just how much money flows from aggressive oil/gas drilling and all the resulting cheap energy.  To the rest of us, it's obvious.

  "The economists had predicted just last year that they expected the total economic impact to South Texas to be $89 billion in 2022. Instead, they now estimate that the impact has already reached almost that amount: $87 billion.

What’s making the difference?

Primarily all the jobs from drilling and running pipelines.

“But also because of lots of new manufacturing activity. And a lot of that is being driven by the low cost of natural gas,” said Tunstall.

That low cost natural gas made right here in Texas is what big industry uses to manufacture chemicals and other products. So manufacturing jobs are up as well as trade in places like the port in Corpus Christi.

It’s all adding billions to the Texas economy and to revenues for state and local governments. But how long will it last?

Tunstall says years longer based on projections on the number of wells yet to be drilled."