TAG | Oil Downturn 2014
7 stories

The Promise and Peril of $1 Gasoline in Oil-Rich Oklahoma

“It makes anybody happy when they get something for a lesser price,” he says. “Now, of course, that has all kinds of repercussions on the other side, you know, in a state like Oklahoma, where a lot of the tax revenues come from it.”


Oklahoma Running Out of Room for Oil as U.S. Hoards Crude in Cushing Hub

A booming U.S. oil industry has led to near-record amounts of oil production, which has helped drive down oil prices. The energy industry has responded by storing crude instead of selling it at discount rates. That has created a unique situation in Oklahoma, where a major oil storage hub is on track to fill up — completely.