Tough Times for Texans: Alice, Texas and the 1980s Oil Bust
This episode centers on Bob Carnes’ Wall Street Journal piece dated April 9, 1986, “Tough Times for Texans,” about Alice, a South Texas town of about 30,000 whose economy depends on oil and gas drilling and service companies. Carnes describes arriving in 1981 as a drilling company area manager overseeing 21 rigs and more than 500 people, then watching rig activity collapse through 1982–83, briefly improve in early 1984, and deteriorate again through 1985 as uncertainty about oil prices, a gas bubble, and political signals rattled investors.
Post Interview with Boerne Radio's Baron Wiley

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