Busted: State budgets feel fracking crash (Devashree Saha, Mark Muro, Brookings)

In a previous blog, we showed how declining oil and gas rig counts portend more job cuts in the fracking patch. Now let’s look at the budget side of the problem, which provides more evidence that resource extraction-oriented states really do need to “remake economic development,” as our colleague Amy Liu has written.

http://www.brookings.edu/blogs/the-avenue/posts/2016/04/14-state-budgets-fracking-crash-saha-muro