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 was a guest on the Jay Thomas Show on WDAY radio out of Fargo today. The guest host was Rob Port from the SayAnythingBlog, Forum Communications Op-Ed pages, TV appearances, and probably a bunch of stuff I am forgetting. He might be getting close to the title of “King of All North Dakota Media” at this point. The topic was forecasting. Yes I know. Friday afternoon in the summer and we were talking forecasting. I do not apologize for it, since I am pretty much always thinking about statistical models.