Texas

It’s no surprise that the slump in oil prices, now 20 months old, is taking its toll on states that are particularly dependent on oil production to balance their budgets. But the impact is becoming clearer than ever, especially when you factor in steep declines in natural gas and coal prices over the same period. A new report from the Rockefeller Institute of Government at the State University of New York suggests growing trouble for the eight states where oil, gas and mining account for 10% or more of gross domestic product. (Read More)