Want to create an interactive transcript for this episode?
Podcast: Plain Talk
Episode: 691: $36 million in North Dakota revenues for every $1 dollar in oil prices
Description: How hard is it to do revenue forecasts for the State of North Dakota, which is heavily dependent on revenues from commodity-driven industries like agriculture and energy? On this Plain Talk, Joe Morrissette, director of the Office of Management and Budget, gave one example: For 1$ that oil prices move, there's a roughly $36 million swing in state revenues. The war in Iran hasn't just driven oil prices $1 over projects. It's as much as $30 over, with no real certainty on where it will level off. "It's a significant significant swing in the state's financial picture in just a short...