Yes. But I am referring to the huge plunge in oil prices these past few months.
While I’m certainly not complaining about lower gas prices (I like it!), I am wondering if this will severely impact oil producing states such as ND, TX, and AK among others.
It might actually help if does affect them so they can get infrastructure caught up. Because if oil does drop, it won’t stay at the price forever and will go back up. One thing about ND, their legislature created a fund that put oil revenue that can’t be touched until at least 2017 so if do have a downturn, they are prepared for it.