Daily Archives: March 1, 2020

The Oil Industry

At the same time, an unprecedented flow of federal rebuilding funds and insurance money has caused an unprecedented economic boom. While Woodland and other surrounding communities have worked hard in recent years to diversify their economies, recent events in the oil market have brought the oil industry in the area to the forefront.

An Unprecedented Boom

Unlike New Orleans, the greater Galveston area is the greatest source of refined petroleum products, including gasoline and diesel fuel in the country. So, while there was some stumbling in the early months following Katrina in southern Louisiana, this just isn’t the case this time around in Texas. Its been a boom beginning from the first day after Ike left and no one is offering any predictions when it is going to slow down.

Renovating Distressed Properties

With so many homes and apartments damaged and so many workers needing a place to live, rental rates are going through the roof, leaving anyone who can get a rental property on line sitting well in the black. The result is that buying and restoring distressed properties is now a very profitable venture in Woodland and its outlying areas.

Scarce Living Quarters

However; before you hop in your car and race down to Woodland Texas, bear in mind that the slim rental market also applies to you when you hit town. What many people are doing who have previous experience with disaster areas are doing is arriving with a small travel trailer hooked to the back of their vehicle.