Boom-bust: Is our state economy counter-cyclical to rest of USA?

 


Oh no, not again.

Or as the old bumper sticker read: “Please God, give me one more boom. This time I promise not to piddle it away” or words to that effect.

Our governor and members of the Legislature are preparing for one of the more difficult budget sessions in memory as severance tax revenues are plummeting because of low oil and natural gas prices worldwide.

Wyoming is a commodity state, which means that its economy booms or busts, based on the prices that are charged for energy in the form of oil, natural gas, coal and uranium.

Out here on our isolated island, we sometimes think we...



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