In 1986, the price of oil on world markets dropped sharply. Since the United States is an oil-importing country, this was widely regarded as good for the U.S. economy. Yet in Texas and Louisiana in 1986 was a year of economic decline. Why? What will your prediction be about the current state of economy of these states taking into account the new price developments in the world? (Hint: Texas and Louisiana are both major oil producing states in the US)