As a lifelong Oklahoman, I have lived through a number of booms and busts driven by the price of oil and gas. In Oklahoma, when we hear that oil is at a 12-year low, that is not a good sign. Since our state is so dependent on the energy sector, low energy prices are particularly bad news for our economy and for our state budget. Not surprisingly, in times like this people start pointing fingers at state economic policy.
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