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Diane Publishing Books
Are the Energy States Still Energy States?: A Reprint from the “Economic Review”
Mark C. Snead (au)
This report examines the economic performance of the energy states (Calif., Texas, and Oklahoma, etc.) in the recent energy price spike and recessionary cycle. The economies of the energy states remain highly sensitive to changes in energy prices and follow a much different economic cycle than non-energy states. Most of the energy states were nearly as reliant on the energy sector as a source of state earnings in 2008 as they were at the peak of the prior cycle in 1982. The historical ranks of the energy states are poised for a shuffling. Unconventional natural gas production will move some states closer to the top as other states enter the ranks of the major oil and gas producers for the first time. Charts, tables and graphs.
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