There are many moving pieces in the economy, but oil in North Dakota represents a clear economic and budget issue for the state right now. I provide a first pass here.
Clearly oil prices and the budget in North Dakota will be a topic going forward. Here is a start for the discussion.
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.
I take a look at oil prices as part of the discussion on the radio today.
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.