First and foremost, we all need to worry about our health and the health of family and friends during this unprecedented pandemic.

But there is no doubt we also have to worry about the livelihoods of Texans as businesses stay shuttered, unemployment rolls balloon, and the federal government takes on more and more debt in response. As many of you know well, the global glut of oil makes Texas especially vulnerable.

I talked recently with three leading economic scholars from Texas A&M about the impact of the pandemic and the accompanying drop in oil demand. One of them called our state’s situation a “double whammy tsunami.”

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