The Oil Trade
At the same time, an unprecedented influx of federal redevelopment funds and insurance coverage monies has led to an unprecedented economic boom. Whereas Woodland and other surrounding communities have been working hard in recent years to diversify their economies, latest occasions in the oil markets have introduced the oil business in the realm to the forefront.
An Unprecedented Growth
Unlike New Orleans, the greater Galveston space is the greatest supply of refined petroleum products, including gasoline and diesel fuel within the country. So, whereas there was some stumbling in the early months following Katrina in southern Louisiana, this simply isn’t the case this time round in Texas. Its been a increase starting from the first day after Ike left and nobody is providing any predictions when it’s going to slow down.
Renovating Distressed Properties
With so many houses and apartments broken and so petroleum refinery textbook listener many employees needing a spot petroleum refinery textbook listener to reside, rental rates are going through the roof, leaving anyone who can get a rental property on line sitting nicely in the black. The result is that buying and restoring distressed properties is now a really profitable venture in Woodland and its outlying areas.