The Source: Texas Comptroller Responds To Sustained Low Oil Prices
The price of oil has given and taken in the past in Texas. We've seen good times and bad times depending on how much people are willing to pay for Texas tea. But right now - that's about $31 - 32 a barrel - and that's not that good.
We've seen layoffs in the oil industry in Texas. Towns in the Eagle Ford are drying up now that the jobs have left. But what's this doing to the state's budget?
The official budget forecaster is the comptroller Glenn Hegar.
- Glenn Hegar, Comptroller for the state of Texas