The short answer is that the Oklahoma economy remains VERY sensitive to oil and gas activity. A useful way to illustrate the link is to quantify the contribution of the oil and gas sector to overall state real GDP growth over…
Our recent research report on the effective tax burden across the 16 largest energy-producing states was just released and is available for download. The report extends the typical effective tax rate analysis to personal income and sales taxes to better…
""The devil is in the detail" is an idiom that refers to a catch or mysterious element hidden in the details,[1] meaning that something might seem simple at a first look but will take more time and effort to complete than expected [2] and derives…
The Oklahoma economy shed more than 25,000 jobs and state tax revenue dropped by about 10% in the oil and gas cycle of the past two years. So, is the recession that has weighed so heavily on the Oklahoma economy…
Prior to the recent surge in oil and gas production, U.S. energy consumers were facing all-time high prices for petroleum-based products and natural gas. EIA forecasts continued to suggest that energy prices would likely climb even higher going forward. Instead,…