There was a time when the term Big-D was well known nationwide as the moniker for Dallas. Texas was indeed big in the eyes of the world with an oil and real estate boom underway and a now iconic television show featuring outsized personalities, greed, feuds and opportunity.
That boom was created mostly by cartel induced oil supply shocks as opposed to growing world energy demand fueling today’s boom. And in Texas, there has been a lot of work since that last boom’s bust – work that many have not fully noticed: Texas has become the center of the nation’s business.
Popular media will long continue to promote New York City or California as the business power centers of the country but, the trend has been one of “gone to Texas” since that last big bust.
Fortune magazine, the People of business magazines, released its annual rankings of America’s largest corporations, and 52 of the companies hail from Texas. “California also had 52 companies make the list as well, but next year, Texas will come out on top since California’s Occidental Petroleum is moving its headquarters to Houston. The state will also lose Safeway to Idaho in a pending merger,” reported the Houston Chronicle.
The paper pointed out that Houston is headquarters to a big part of the oil and gas sector, “but there are still plenty of diversified corporations calling Texas home.”
So maybe it’s time we dump the term Big-D for Big-T — as in Texas.
Ditch “Big-D” for “Big-T”
Robert Pratt
There was a time when the term Big-D was well known nationwide as the moniker for Dallas. Texas was indeed big in the eyes of the world with an oil and real estate boom underway and a now iconic television show featuring outsized personalities, greed, feuds and opportunity.
That boom was created mostly by cartel induced oil supply shocks as opposed to growing world energy demand fueling today’s boom. And in Texas, there has been a lot of work since that last boom’s bust – work that many have not fully noticed: Texas has become the center of the nation’s business.
Popular media will long continue to promote New York City or California as the business power centers of the country but, the trend has been one of “gone to Texas” since that last big bust.
Fortune magazine, the People of business magazines, released its annual rankings of America’s largest corporations, and 52 of the companies hail from Texas. “California also had 52 companies make the list as well, but next year, Texas will come out on top since California’s Occidental Petroleum is moving its headquarters to Houston. The state will also lose Safeway to Idaho in a pending merger,” reported the Houston Chronicle.
The paper pointed out that Houston is headquarters to a big part of the oil and gas sector, “but there are still plenty of diversified corporations calling Texas home.”
So maybe it’s time we dump the term Big-D for Big-T — as in Texas.