mcsnead

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About mcsnead

Mark C. Snead is President and Economist at RegionTrack.

Just How Sensitive is the Oklahoma Economy to the Energy Sector?

The short answer is that the Oklahoma economy remains VERY sensitive to oil and gas activity. A useful way to illustrate the link is to quantify the contribution of the oil and gas sector to overall state real GDP growth over time. In other words, what share of total state economic growth is traced directly [...]

By | 2018-06-14T17:50:59+00:00 June 14th, 2018|In the News, Pic of the Week|Comments Off on Just How Sensitive is the Oklahoma Economy to the Energy Sector?

Oil and Gas Industry Effective Tax Rates

Our recent research report on the effective tax burden across the 16 largest energy-producing states was just released and is available for download. The report extends the typical effective tax rate analysis to personal income and sales taxes to better account for vastly different overall tax structures across the producing states. These are also [...]

By | 2018-01-22T18:14:47+00:00 January 22nd, 2018|In the News, Research|Comments Off on Oil and Gas Industry Effective Tax Rates

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

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|Comments Off on Oklahoma: Energy Recession Finally Coming to an End?

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|Comments Off on Here is Why Janet Yellen Warned Us Again About Rising Rates