One of the great concerns we have as we are less than a week away from the November election is what effect will we see on state education revenues. I am often asked what my crystal ball shows when we talk about the potential effect of various revenue sources on school budgets. I believe it is important to take time to look at the factors that affect our long- term data points.
Let’s start with the oil breakevens by shale play. The first graph was produced in November 2017, and the second graph was produced in September 2018. The two graphs show an interesting phenomenon that we can probably expect to see manifest itself over the next ten years. What we see here is:
1. Three out of the five lowest cost production zones are located in Oklahoma.
2. It appears the cost of production is moving lower and doing so quickly.
3. Depth doesn’t appear to be as big an impediment to horizontal drilling activity.
Take a moment! Breathe! Relax! Breathe again. Even better, involve your students! Research is showing that when a teacher introduces just 5 minutes of simple breathing techniques, yoga or meditation, students’ attention spans increase, their focus on topic improves and some studies show improved test scores and fewer cases of bullying.
In my mind, this time of the year always brings some reflection. As you wind down and then start a fresh calendar year, there are always items you find you will never repeat as well as those you want to introduce.
A collection of Oklahoma education-related news of the week.