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NEWS
May 2, 1990 | J. MICHAEL KENNEDY, TIMES STAFF WRITER
Texas, Oklahoma and Louisiana, all heavily dependent on oil to keep their coffers full, watched in disbelief as crude prices tumbled to a low of $10 a barrel in 1986, crippling the states' economies and ruining lives. Things are a bit better these days. But like a garden that has been unevenly watered, some cities and regions are making a relatively robust comeback while others are not. Houston is prospering while New Orleans is hurting.
NEWS
May 2, 1990 | J. MICHAEL KENNEDY, TIMES STAFF WRITER
Texas, Oklahoma and Louisiana, all heavily dependent on oil to keep their coffers full, watched in disbelief as crude prices tumbled to a low of $10 a barrel in 1986, crippling the states' economies and ruining lives. Things are a bit better these days. But like a garden that has been unevenly watered, some cities and regions are making a relatively robust comeback while others are not. Houston is prospering while New Orleans is hurting.
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