When the Texas energy industry is thriving, that means good-paying jobs in a state that loves big-ticket full-size trucks.
So Saudi Arabia's escalating oil price war with Russia, which has the potential to hurt U.S. oil producers and their employees, will be closely watched by the state's dealers and associations.
Oil prices last Monday had their worst day since 1991, plummeting by double-digit percentages amid coronavirus fears and the launch of Saudi Arabia and Russia's price war. The two major oil producers are feuding over Russia's refusal to comply with OPEC's proposal to further cut production and restore oil market stability as the virus continues to disrupt global economies.