Buy and Hold investors in Texas: are you concerned?

[Aaron Bassett]

Can the kind of economic growth rates seen in Texas right now be sustained over the long run? Is anyone concerned that the state is too reliant on Oil and Gas industries, and the manufacturing that supports them? They've survived through the 80's bubble, the recent subprime crisis, and the demand for oil worldwide is projected to grow despite any alternative fuel efforts here in the US. However, is anyone scared that a sharp, long-term drop in the price of crude could leave investors scrambling to find tenants? Just curious.