Houston's Pros And Cons

146 Words1 Pages
The United States economy expanded an annualized 3.9 percent on quarter in the three months to June of 2015 and the GDP Growth Rate averaged 3.25 percent until 2015. With more than 500 energy companies Houston is best known as a world capital of the oil and gas industry and is one of the. Houston is one of the principal producer for petrochemicals, more than $15 billion petrochemical complex at the Houston Ship Channel with more than 35,000 employees. U.S. production of three major resins: polyethylene 48.4% polypropylene 38.7%, polyvinyl chloride35.9% of U.S. capacity. Houston has two of four largest U.S. refineries. ExxonMobil’s is one of the oldest refineries in the area and one of the largest of its kind in the world. The global market