Kern County (Calif.) declares a fiscal emergency amid plunging oil prices

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11. K&R

Which States Stand To Lose The Most From The Crude Collapse

Submitted by Tyler Durden on 01/13/2015 21:30 -0500

By now, it is no secret that the one state that conventional wisdom expects to suffer the most as a result of the crude collapse is the one state that through the Great Recession was the primary provider of (well-paying) job creation, the same state which is now expected to enter into a full-blown recession as confirmed by Jeff Gundlach in his latest outlook call who, correctly, observed that all the jobs created during the "recovery" were thanks to the shale sector (something we presented previously).



But is it really Texas that will be impacted the most? The answer, at least according to a recent Pew report, is a resounding no.

As Stone McCarthy summarizes, the Pew report assessed the volatility in state tax revenues for the U.S. overall and for all 50 states. The analysts assigned a revenue volatility score to each state based on year-to-year changes in state revenues; the scores control for changes in state tax laws.



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See also: 'Oil price drop hitting budget hard' - Alaska Gov Bill Walker