In 1986 the price of oil on world markets dropped sharply. Since the United States is an oil importing country, this was widely regarded as good for the U.S economy. Yet in Texas and Louisiana 1986 was a year of economic decline. Why?

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In 1986 the price of oil on world markets dropped sharply. Since the United States is an oil importing country, this was widely regarded as good for the U.S economy. Yet in Texas and Louisiana 1986 was a year of economic decline. Why?

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