Oil Dependence and Economic Activity

Setting the stage Let's quickly look at where this oil decline has left the state What about Alaska's important economic base? Why have some states recovered? Aggregate relationship between oil prices and employment Where does this leave us? Oil employment relative to other energy states Mining and logging employment in Oil states relative to June 2014 Employment in June 2014=1 .5 .6 .7 .8 .91 2014 The sector as of June of 2018 lost a total of 4,300 jobs putting it at 75.5% of its size in 2014 2015 Alaska 2016 year 2017 2018 Alaska North Dakota West Virginia Louisiana Oklahoma Wyoming பச 592 Mouhcine Guettabi, PhD Oil dependence and economic activity

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