Texas has been the poster boy for good economic news in the US, and its decimation by the coronavirus shows what a rough ride every state has in store

As local governments in the state (but not the governor) implement stay-at-home orders to help slow the spread of the coronavirus, Texans are sticking inside, reported Gregory Meyer for The Financial Times. The decline in fuel demand is one factor behind oil cratering to around $20, the other being the ongoing oil-pricing war between Saudi Arabia and Russia. And it’s not good news for a state that produces 41% of the US’ crude oil.


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