I follow up last week’s comparison of North Dakota oil price and Brent crude prices with a comparison of ND oil prices to WTI prices.
ND Oil v. WTI
ND in 2020: Oil Industry
I take a look at oil prices as part of the discussion on the radio today.
Projecting North Dakota Oil Prices
So I told my forecasting students I would post what I taught them today. I project monthly ND oil prices forward to the end of 2016. The following graph is the result of this process.
Oil Price & ND Mining Employment, Round 1
The December numbers for employment came out and I thought we would look at the mining category (which includes logging) against the West Texas Intermediate crude price per barrel. What we see is the following:
Employment in Grand Forks city and county
A little follow-up to the postings on employment, particularly for the one about Grand Forks (here). Talking with JT on the radio today, or maybe it was off-air, the difference between city and county came up. So let’s take a look at this: