Houston Still an Energy Town, Largely Pins Growth on the Sector
Southwest Economy, Second Quarter 2022
The COVID-19
pandemic decimated the
oil and gas sector, whose
delayed recovery slowed
the Houston area’s growth
relative to the rest of Texas
and the nation through
most of 2021. In recent
months, increasing oil and
gas demand and shifting
geopolitics have become
tailwinds for energy
production and exports—as well as for Houston
At Houston’s core, energy still rules. Two years after a COVID-19 lockdown helped collapse the energy sector and economic activity, historically high oil and gas prices and rising exports are propelling Houston ahead of the nation even as uncertainty and inflation erode the global economic outlook.
Some 25 months after the…
