Mark Snead is quoted in a recent article in the Lawton Constitution discussing the 2014 outlook for the Lawton, Oklahoma region. The outlook was delivered at the Lawton-Fort Sill Economic Development Corporation's first annual luncheon.
See our 2014 Owasso Economic Outlook (pdf) for the Owasso, Oklahoma area. Also see the slides (pdf) for a presentation of the outlook. Outlook Summary: Owasso accelerates to near its pre-recession pace Retail trade activity surged in 2013 Census population…
See our 2014 Economic Outlook Commentary (pdf) for the Lawton, Oklahoma area. Also see the slides (pdf) for a presentation of the outlook. Forecast Summary: Lawton fared well in the recent recession but slumped severely in 2011 & 2012 under…
The Ongoing Surge in U.S. Crude Production is Highly Concentrated in Only a Few States – U.S. crude production has surged by more than 50% since 2009, from about 1.8 billion barrels to 2.8 billion barrels annually.
The geography underlying the oil produced in the U.S. each year is now roughly 1 billion barrels from Texas; 700 million barrels combined fromÂ
U.S. Crude Independence Takes Important First Step – Surging domestic crude production finally surpassed the level of imports in early 2014. The roughly 1 billion barrel increase (50%+ gain) in annual production since late 2009 is mirrored by a 1 billion barrel decline in annual crude imports. The value of this production-for-imports swap is approximately $100 billion annually at current oil prices.