The collapse in the price of oil in the 1980s created a major economic dislocation for the Texas economy.

Name: The collapse in the price of oil in the 1980s created a major economic dislocation for the Texas economy.
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The Texas economy was heavily reliant on the oil industry, and the collapse in oil prices in the 1980s led to significant economic challenges, including job losses and a recession in the region.

The Collapse in the Price of Oil in the 1980s