Texas is one of the few financially functional red states so that wouldn’t be a concern. No clue whether they’d maintain their finances if they seceded.
How financially functional do you think they’ll be when they lose all the trade agreements of the US and the ability to freely trade with the other states?
That’s a fairly widely traded commodity so probably would help buffer against impacts on other industries of trade instability. Though they might have to consider higher tax on oil or something.
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Texas is one of the few financially functional red states so that wouldn’t be a concern. No clue whether they’d maintain their finances if they seceded.
How financially functional do you think they’ll be when they lose all the trade agreements of the US and the ability to freely trade with the other states?
Do they still have lots of oil?
That’s a fairly widely traded commodity so probably would help buffer against impacts on other industries of trade instability. Though they might have to consider higher tax on oil or something.
Does Texas have lots of oil, or do oil companies have lots of oil that happens to be located in Texas?
Venezuela has oil. Doesn’t make them functional.
I have no clue, and anyone on the internet who says they do is dubious at best. It’s an incredibly complex question.
It didn’t go so hot after Brexit, I can’t imagine why we should expect Texit to go better.