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Texas oil payrolls supply most Texas wages
Last year petroleum created a direct buying power in Texas of 550 million dollars. Texas retail merchants received 324 million dollars, landlords 44 million, utilities 38 million, and professional men 22 million, with 83 million for insurance and savings. Oil income circulates and sustains income across the state, supplying over 60 percent of Texas workers' wages. Direct or indirect, a portion of every Texan’s income derives from oil.
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