1. what effect did the iul industry have on the overall economy in texas a. more oil rig workers gained empolyment b. fewer workers were hired c. oil-related sectors of the economy grew d. the boom-and-bust cycle ended 2. after the strikes at spindletop, which was the next region to experience oil strikes a. galveston bay b. panhandle c. southcentral d. southwest 3. what is the main purpose of the permanent university fund a. to fund k-12 education b. to provide support for highschool students c. to support research in education d. to benefit higher education