About mcsnead

Mark C. Snead is President and Economist at RegionTrack.

The Devil is in the Detail: RegionTrack Response to Blog Post by Jerry Johnson and Michael Clingman

""The devil is in the detail" is an idiom that refers to a catch or mysterious element hidden in the details,[1] meaning that something might seem simple at a first look but will take more time and effort to complete than expected [2] and derives from the earlier phrase, "God is in the detail" expressing the idea that whatever [...]

By | 2017-10-09T21:03:24+00:00 October 9th, 2017|In the News|0 Comments

Oklahoma: Energy Recession Finally Coming to an End?

The Oklahoma economy shed more than 25,000 jobs and state tax revenue dropped by about 10% in the oil and gas cycle of the past two years. So, is the recession that has weighed so heavily on the Oklahoma economy and the state budget finally coming to an end? Yes, it appears it is. Overall [...]

By | 2017-05-19T19:40:21+00:00 May 19th, 2017|In the News, Pic of the Week|0 Comments

Here is Why Janet Yellen Warned Us Again About Rising Rates

There seems to be tremendous speculation surrounding Janet Yellen's reminder to us all this week that the Fed intends to raise interest rates multiple times in 2017. But there really isn't much mystery as to why the Fed is suddenly more eager to normalize policy. It is all data driven, and the data suggest that [...]

By | 2017-02-17T14:43:21+00:00 February 17th, 2017|Pic of the Week, Uncategorized|0 Comments

Growing Oil and Gas Supply Contains Energy Costs for Oklahoma Consumers

Prior to the recent surge in oil and gas production, U.S. energy consumers were facing all-time high prices for petroleum-based products and natural gas. EIA forecasts continued to suggest that energy prices would likely climb even higher going forward. Instead, high prices provided a strong incentive to the domestic energy industry to find new oil [...]

By | 2016-10-14T11:42:47+00:00 October 14th, 2016|In the News, Pic of the Week, Research, Uncategorized|0 Comments

Dallas is no longer an Energy Town, but Houston sure is…

The economic personalities of the Dallas and Houston metro areas are a bit Jekyll and Hyde at the moment. The Dallas-Ft. Worth metro area has added jobs at an increasing pace since the recession ended, reaching an astounding job growth rate of nearly 5% over the past 12 months. Dallas has largely ignored the collapse in the oil and [...]

By | 2016-04-18T19:04:58+00:00 April 18th, 2016|Graphic, Pic of the Week, Uncategorized|0 Comments