As oil prices remain the lowest they’ve been in years, the governor speaks to energy sector leaders at a Pipeline and Energy Expo in Tulsa. As the price hovers around $40 a barrel, Governor Fallin expects more cuts, closures, and mergers.
She says Oklahoma has been through these energy depressions before and the governor says the energy economy will eventually rebound, but in the meantime, expect another lean budget year with more cuts likely. She says state leaders are already working on a spending plan that will include cuts and efficiencies to make ends meet.