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.
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: