What do the three people above have in common? This is a great story of Christmas cheer.
The first guy (the Saudi Oil negotiator) called the guy in the middle (Santa Claus) to bring the last guy (an oil executive) a very merry Christmas present! The OPEC oil deal was agreed upon in principal yesterday. This will result in 1.32 million barrels of oil not leaving the market for at least six months. The effect was immediate and profound on a languishing oil market.
At 12:00 AM this morning, Brent Crude had broached the $51.00 mark per barrel, and the West Texas Intermediate was above $50.00 a barrel. Remember that our production
taxes are set on the expectation of $42.00 a barrel oil. This is a great solidification. However, it's also time to "remember the bad stuff" in this article. Just like the tinsel and lights of Christmas, the excitement will come down on this deal, and there will undoubtedly be cheating and other things occurring. What this means is that the accord will probably not
work as intended, but for now, enjoy the thought that we may actually have a collection in the state that exceeds prediction. Please no Snoopy dances, though. This can break down.
House Bill 1023 of the Oklahoma Legislature's 2nd Extraordinary Session gives us several considerations to take into account in the early preparation of budgets. The biggest consideration will be working within the currently passed law.
This past weekend, I was traveling and lost my Kindle, and I am quite sad. Of course, I was in the middle of a good read and will now have to wait to either check the book out from the library or purchase another e-reader.
A U.S. District Court for the Eastern District of Texas has granted a request for a preliminary injunction barring the U.S. Department of Labor (DOL) from enforcing the new overtime rule that takes effect on December 1, which would increase the salary threshold for exempt employees from $23,660 to $47,892.