The Fallin administration has done alot to bring in many different kinds of business to our state so that Oklahoma is not a one industry state anymoe. Tulsa's old economic core of oil could be getting a big shot in the arm with the new republican senate, they have plans to bring in the Keystone Pipeline, many democrats in the senate also favor the Keystone Pipeline because of the jobs it will make, plus study after study showed that the Keystone will not harm a thing. The republican Senate (without Harry Reid blocking it anymore) will now have the votes to over-ride an Obama veto. I wonder if this election has anything to do with the big fall in oil prices, Texas has gasoline selling for $2.41 a gallon. The economy is looking good for Tulsa and the state.
The reason Oklahoma is doing well, and always has done well IS one industry - petroleum. So yes, we are for the most part still a "one industry" state - with a large side dish of agriculture. If oil were to go away, the state would be in major trauma - life support type trauma.
Reality moment for sauer;
The drop in price of oil is obviously due to Obama's policies and show just how truly excellent they have been for the nation!!
Now for some real reality for the rest of the world;
I have a suspicion that there have been background efforts by the various powers that be with vested interest in the situation to make the price go down as part of the pressure on Russia to stand down from Ukraine. I read that it takes an oil price of somewhere near $105 a barrel for them to support the kind of activities they have been indulging in the area. At $80, notice how Russia ordered all their troops back to barracks that were on Ukraine border?? This happened a few weeks ago.
And I also read Saudi raised production about that time by about another million barrels a day.... they literally DO have the 'pumping power' to ensure this type of swing....
Pretty good strategic move - if it was a conscious effort....
Good thing we have Obama to understand the world political scene and work diligently to use all the tools available to help what was becoming a very ugly situation!! Isn't it, sauer...??