Economy, Energy, Natural Resources: Policy to People


Oklahoma Economy

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Plummeting Oil Prices Have Pushed Oklahoma Into a ‘Mini-Recession’

Workers uncap a well in the western Oklahoma oil field in 2014.

Slumping oil prices have fueled thousands of job losses in big energy states like Oklahoma, which is “gripped by a mini-recession,” economist Mark Snead tells the Journal Record‘s Kirby Lee Davis: “The notion that Oklahoma has diversified away from oil and gas is, at this point, many, many years away,” he said.

Economically, Oklahoma’s Biggest Industry is Government

We’ve been looking at Oklahoma’s economy and how specific industries are contributing, and how those contributions have changed over time. The energy industry has a big influence on Oklahoma’s policy priorities, but government has the biggest industry share of the state’s economy, data from the U.S. Department of Commerce show.

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